08 Nov Medical Recruitment Agency, London: Payment Options
When you’re thinking of joining a medical recruitment agency, UK, you might have a few questions that need answering. Proximity Healthcare, as an apex medical recruitment agency, London, caters to 2 different types of payment plans.
Let’s unpack the frequently asked question; ‘Do you cater to limited companies?’ Well, the answer is, ‘Yes, we have 2 systems of payment within our arsenal.’ Let us unpack them, shall we?
Do You Cater to Limited Companies?
PAYE – Pay as You Earn: tax is already subtracted from this payment method. This type of payment covers your pension, your tax, as well as the NHS (National Health System). Most hospitals and medical establishments fall under the NHS, this means that almost every healthcare professional pays a small amount of their salary to the NHS.
They then allocate that portion of money towards a pension plan for you and pay your taxes for you. After all of this is subtracted from your salary you are left with your net salary
Limited – This payment method is for those who have registered their services as a business. Those who have registered themselves as a business are not required to pay statutory tax, meaning that you do receive a slightly higher pay. However, it is your responsibility to pay your required taxes every year, which would then usually be business tax.
You are required to fill in all the paperwork, send documents to the right places, and make sure that you are overall tax compliant. The limited company payment plan is a good option for self-employed individuals who are comfortable with managing their own taxes.
Our Network of Clients
Our PSL (Preferred Supplier) network of medical establishments only caters to Pay As You Earn candidates. These network suppliers are generally focused on Mental Health care and would require you to be a registered mental health nurse.
We call these types of nurses RMNs. However, this should not hinder you from joining our great medical recruitment agency, London. There are many positions available that cater to your payment plan, even if it is a limited company payment plan!