Our Low Cost Payroll Service

Dedicated UK Based Payroll Manager
No Registration or Set Up Costs
Highly Responsive
Low Cost Solutions
Personable, Friendly, Proactive
Accurate and Timely Payslips
Flexible, Tailored Service
One Point of Contact
Over 20 Years of Experience
Free Consultation
GDPR Compliant
ICAEW Regulated
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Low Cost Payroll Bureau

Our low cost payroll service is a specialist bureau delivering accurate, managed payroll and auto enrolment services to UK companies ranging from 1 – 1000 employees. No tie-in period, minimum charges, registration, set-up or RTI filing fees.

Our Low Cost Payroll Management Service

From processing payroll, tax optimisation, pension, P11D’s and filings, we have you covered. Our fully managed payroll service means that you no longer have to worry about paying your staff correctly and how much to pay HMRC.

We will process payslips, ensuring that deductions and holiday pay are correctly accounted for. We will also ensure that you are fully compliant with HMRC, deadlines for payment are adhered to.

We will ensure that your company is compliant with the National Minimum Wage rules as outlined by HMRC, which can be viewed here.

For directors we will also ensure that the most tax efficient salary will be provided so that National Insurance is classed as paid without having to pay Employee’s National Insurance. This means that there will not be a gap in your National Insurance contributions. For more information regarding tax and National Insurance please visit

As well as completing payroll administration we also deal with auto enrolment pension schemes by setting up the pension for you and making contribution submissions. If you already have an existing pension scheme in place, we can continue to use this scheme to make your transition as smooth as possible.

Low Cost Pricing

At Low Cost Accounts we have the perfect payroll solution for cost conscious businesses. Our comprehensive payroll solution is priced per payslip for simplicity and includes the following:

Registration of payroll scheme with HMRC - FREE
Companies with 1-10 employees - £4 + VAT per payslip
Companies with 11-50 employees - £3 + VAT per payslip
Companies with 51-100 employees - £2.50 + VAT per payslip
Companies over 100 employees - Tailored Quote

If you choose us to help you with your payroll, we will take you through the process from start to finish and provide you with peace of mind.

For more information or to join LCA, please contact Daniel Barker on 0330 175 7534 or email payroll@lowcostaccounts.co.uk

FAQs

Why does my company need a payroll scheme?

If you employ anyone or take a salary from the company as a director, and the payment made is over £123 per week (£6,396 per annum) you will need to operate a PAYE scheme and include all employees of the company, even if they earn less than £123 per week.

How much does a payroll management service cost for a UK company?

We can register your payroll for free. Our pricing model is also very simple, with a comprehensive payroll service charged per payslip.

You can find our full pricing in our Pricing section above.

How often do I have to pay Income Tax (PAYE) and National Insurance?

Usually, you will need to pay PAYE and NI to HMRC every quarter. These are for the periods ending 5^th July, 5^th October, 5^th January and 5^th April. We will make sure that you are told in a timely manner how much to pay and what details to use when making the payment.

I am a single director company, will I have to pay tax?

Your dedicated accountant will discuss with you the most tax efficient way of taking a salary from the company. Based on these discussions you may not have to pay any Income Tax or Employee’s National Insurance personally, but the company may have to pay Employer’s National Insurance. If this is the case, we will let you know in a timely manner how much to pay and what details to use when making the payment.

Why do I need a pension scheme?

Any employees of the company, except for directors, between the ages of 22 and retirement age, earning over £833 per month, legally need to be enrolled into a company provided auto-enrolment scheme.

How much does it cost to set up a pension scheme?

We charge £50 plus VAT to set up a pension scheme. This fee includes the submission of a Declaration of Compliance with the Pensions Regulator. If you want us to submit the Declaration of Compliance without setting up a pension scheme, we charge £30 plus VAT.

You can find our full pricing in our Pricing section above.

How much will I pay into a pension scheme for my employees?

Your employee will have 4% of any income over £520 per month deducted from their take home pay for their individual contribution. The company will contribute 3% of any income over £520 per month as the employer contribution. This will be paid by direct debit after the contribution submission has been made to the pension provider.

Who makes the pension submissions?

We can provide you with the information to make the pension submissions, but we are also happy to make them for you on your behalf. We charge £10 plus VAT per submission made. This includes any number of employees that are included in the submission.

Is outsourcing payroll right for me ?

There are numerous benefits to payroll outsourcing including time efficiency, access to expertise, improved accuracy and enhanced security. See our blog for more details

What are the implications of payroll mismanagement?

Failing to adhere to payroll compliance can lead to financial risks, penalties, reputational damage, legal consequences, loss of employee trust and operational disruptions. See our blog for more details.

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