OptimaLimited

How the scheme works

The scheme users sign a contract of employment and a commercial loan agreement withOptima, based in the Isle of Man.Optimathen contracts with FUL andCCA(the ‘UK umbrella Companies’) for the scheme user’s services. The UK umbrella companies then contracts the scheme user’s services to a UK intermediary/agency. The UK intermediary/agency then contracts the scheme user’s services to the end client. The end client pays the UK intermediary/agency for the scheme user’s services, who in turn pay the UK umbrella companies. The UK umbrella companies pay the full amount received toOptima, who then pays a fee to the UK umbrella companies.Optimathen pays a National Minimum Wage/National Living Wage salary to the scheme users with Income Tax and National Insurance contributions (NICs) deducted, and a payment, described as a loan and made pursuant to the loan agreement, without deductions of Income Tax andNICs.

Directors

• OptimaLimited (Optima) — Registered in the Isle of Man
• Anthony Pithers

Connected Companies

• Frank Umbrella Limited (FUL)
• Contractor Corner Accounting Limited (CCA)