Pricing & Plans
At Cool Company we understand that all agencies work differently, this is why we give you a pricing options based on how often the agency will be paying you.
When you raise weekly timesheets
When you raise monthly timesheets
- Easy timesheet recording – One platform, everything in one place
- PAYE Administration – we handle all taxes, insurance & employment rights
- Personal support – We are here for you via phone, chat & email
Our pricing explained
At Cool Company our pricing is designed to match how often your agency will pay you. A weekly Timesheet will have a retain margin of £22.50 and a Monthly timesheet £80.00, this is to cover our operational costs.
For our small margin, we make sure all PAYE taxes are deducted, insurance cover is provided and you have access to all employment rights as you would expect.
Questions about price
Choosing the correct pay schedule is important not only for Cool Company but for yourself. Each time you are paid we report this to HMRC, if you pick the wrong pay schedule it could cause your tax-free allowance to be incorecctly calculated and this can affect your net take-home pay. If you are unsure customer service is always on hand to discuss and help you.
Our margins are retained per invoice so, until your invoice is paid we do not retain any margin. This allows you the freedom to use our service only when you need to without any additional cost.
Yes, you can change your payment schedule based on how often your client will be paying you. Please be aware that moving between pay schedules can only be actioned at the end of the tax week or the month of your current pay schedule. For example… Tax weeks end each Tuesday and tax months end on the 5th of the following month.
If you are unsure please get in touch.
Applying for a loan or finance?
As a contractor through Cool Company you can now digitally verify your income and employment data when you are applying for a loan or finance. No more rushing around hunting for payslips, employment contacts, or other documentation to support your application.
How does it work?
It couldn’t be easier.
1. Fill in your finance application, online, with your chosen provider and when asked for evidence of earnings, select to verify online with Work Report.
2. Enter your employment and income details and verify your information and your data is verified in real time during the application process.
3. Sit back and wait for the decision from your provider.
Data is shared under the terms of the General Data Protection Regulations (GDPR) and Experian is authorised and regulated by the Financial Conduct Authority
Gunnar, 27 MARCH 2022
I experience Cool Company as a flexible and reliable solution for my business.
They minimize the administration for me and I don’t have to keep track of payments and reporting of VAT, tax and social security contributions. In addition, I don’t have to worry about not getting paid or having to remind about overdue invoices.
Stephen C, 15 NOV 2021
Absolutely first class customer service from the UK division of Cool Company.
They were incredibly helpful regarding a few queries I had and they were great in terms of how they fixed them. They do exactly what they say they are going to do. Apart from being great value for money, they offer brilliant service for any contractor or freelancer. I wholeheartedly recommend them.
Patricia, 29 SEP 2022
Super smooth invoicing system for those of us who don’t want to have our own company. Really good!
Customer, 6 SEP 2022
Good service. Everything is cool!
Annie, 30 MAY 2022
Using Cool Company made it possible to do internship with a company outside Sweden.
The procedure is clearly mentioned in the website and the customer service line was really helpful, they answered all my queries with clarity. I really liked using Cool Company and would recommend it for freelancers.
Ready to get started?
For a low margin, Cool Company takes care of your taxes, insurance and employment protection. Cool Company gives you freedom from administration hassles so you can focus on your assignments, build your career, and reach higher levels of success.