Goldfish Umbrella Limited

How the scheme works

Scheme users enter into a contract of employment withGUL, providing their services to end clients.GULinvoice the end clients for the work and, after retaining a portion of that invoiced amount,GULwill make a single payment to the scheme users made up of 2 elements. The first element is salary made at National Minimum Wage/National Living Wage with Income Tax and National Insurance contributions (NICs) deducted. The second element is described as an ‘Advance Payment’ and is made without Income Tax andNICsdeducted. The total payment is more than the scheme users would have received if they were paid their salary with Income Tax andNICscorrectly deducted on the full amount.

Addresses

• Kemp House, 152-160 City Road, London, EC1V 2NX