Mimax leads you through the ‘maze’.

What is an Umbrella Company?

An umbrella company is a tax efficient vehicle that allows you to maximise the earnings from your contracting work.  Instead of paying expenses from your taxed income, Mimax calculates expenses from your gross income and reimburses you accordingly.  You effectively become an 'employee' under the Mimax Mosaic umbrella.  HMRC write the rules for all umbrella companies, so beware of companies promising more take home pay, you should still be paying the same tax regardless.

What Administration is Included in the Payroll Service?

We provide a fully compliant and comprehensive payroll service that includes:

Accepting your timesheet hours by post, e-mail, fax or via Portal.
Processing your expense claims by post, e-mail, fax or via Portal.
Calculating your salary and commission.
Raising invoices to your agency.
Distributing funds direct by CHAPS sameday payment to your bank or building society account.
Providing a fully detailed pay slip and end of year documentation.

Is There a Set Up Cost or Any Other Charges?

There is absolutely no set up cost and minimal fees are only incurred when you raise timesheets.

How do I Claim my Expenses?

On joining Mimax, you will receive a welcome pack and online access to your personal Mimax Portal area.  The Mimax Expense Guide is included in your welcome pack and is also downloadable via the 'My Download' section of the Portal.  Expense claims are submitted either by post, fax, e-mail or Portal, along with copy receipts to support your claim.

How do I Receive my Money?

We pay your money direct to your bank account by CHAPS sameday payment.  This is a guaranteed same day bank transfer service that lets you receive your funds swiftly.  Unlike other umbrella companies, we do not charge for this service. 

What is 'My Portal'?

My Portal is an on line facility that allows you to track and record all timesheet and expenses you have submitted and review personal details. This facility will evolve, with new features added to make contracting life easier.

What Happens if I Change Agency?

Just let us know promptly and we will handle the changeover to ensure that we can continue to implement the tax benefits available to you through Mimax Mosaic.

More Questions?

Freephone 08000 121 363 and speak to one of our Customer Care Team.