We2

WE2

03

INDEX

ABOUT WE2

5

WORK 01.

24/7 Workspace in the city

11

02.

Annual Tax Returns

12

03.

Administration Efficiency

15

04.

Performance Support

16

05.

Networking

19

PERSONAL 01.

Private Medical

22

02.

Life Assurance

25

03.

VDOC

27

04.

Centtrip FX Card

29

05.

Financial Planning

31

06.

Large Mortgage Loans

32

01.

Perkbox

37

02.

Innerplace

38

FUN

WE2

05

ABOUT WE2 Innovative holistic solution for consultants We2 is an innovative UK based work platform designed for senior executives who are now providing their services to the market as consultants.

We2 enables executives to achieve the cost savings and benefits of being part of a larger organisation whilst retaining the additional flexibility and opportunity that normally comes with operating as an individual consultant.

Our platform is designed to take away the time consuming administration that comes with operating a personal services company, leaving you free to focus on growing your business and all the other important things in your life.

IR35 - Take away the risk and worry The UK Tax environment is rapidly evolving. The Government is ever more focussed on the application of IR35 as highlighted by the recent and ongoing cases at the BBC. For those who choose to continue to take on the risk of tax and associated penalties in this increasingly adverse environment, we respect your right to choose, but for those who want to take this tax compliance risk out of the equation, while at the same having access to a platform that delivers so many cost neutralising benefits, then We2 is for you.

We2 is a UK based company. We are not offshore. We do not provide tax structuring.

We2 is designed to help you be the best professional you can be, with the flexibility you want, and not to have to worry about these kinds of issues.

How does it work?

We2 provides a simple, flexible, non restrictive employment contract that YOU CONTROL which eradicates the IR35 tax exposure that comes with many one director limited company scenario’s. Once you are on board, we will help you with the little things which take up your time and eat into you earnings, which will leave you with more time to maximise your focus on your business.

The following are a selection of the We2 features. As we grow, more will follow.

Work Use of high specification city offices with vibrant common areas and like minded occupants Administration Efficiency – save at least 12 days a year Personal Tax returns Access to performance support from like minded community of industry experts Business networking events Personal Private Medical (discounts of up to 40% via We2) Life Insurance (discounts of up to 40% via We2) 24/7/365 GP access via free membership of VDoc Large Mortgage Loans High Net Worth Financial Planning Fun Access to hundreds of cost saving perks via free membership of Perkbox VIP access to hot restaurants, clubs, bars and much more via free membership of InnerPlace

06

WE2

Great ..so what does it cost?

Compare the outcomes for John, Mary and Jack who each earn £250,000 per annum.

John pays himself a £100,000 salary and takes the rest in dividends. His take home after all ‘paid’ taxes is £139,109. John retains an IR 35 risk (before penalties) of £14,459 per annum. John spends 1 a day a month on VAT returns and other non productive administration.

He does not have any group rate benefits. John uses up to £29,522 more than Jack of his post tax income on work, personal and fun related benefits and necessities.

Mary pays herself a £12,000 salary a year and takes the rest in dividends. Since the last budget, the advantage of taking this ‘small’ salary has been largely eradicated, but the IR35 risk has not. Mary’s take home after all ‘paid’ taxes is £141,702. Mary retains an annual IR35 risk (before penalties) of £27,145. Mary also spends 1 a day a month on VAT returns and other non productive administration. She does not have any group rate benefits. Mary uses up to £29,522 more than Jack of his post tax income on work, personal and fun related benefits and necessities.

Jack joined We2. While at first glance Jack’s after ‘all taxes’ income is lower than John’s and Mary’s at £122,403. He has NO IR35 risk.

He also benefits from all the We2 features which saves him up to £29,522 a year compared to John and Mary. He has no monthly administration to do on VAT etc, so he can devote this additional free time to earning an extra £12,000 a year (based on his daily rate).

(So actually his gross income could be £262,000+ with the same amount of free time as Mary and John). After all his benefits and necessities are taken care of, Jack has a lot more ‘spare liquidity’ than John or Mary.

•

When his child has a scary rash and a high temperature appear on Saturday evening, Jack can have a GP attend to his child within an hour or two using his VDoc membership.

•

Jack can’t believe how much cheaper his ‘complete’ BUPA healthcare insurance is via We2.

•

Jack regularly networks with interesting people at WeWork and other We2 events.

•

Jack and his partner can get a table at that hot new restaurant and afterwards enjoyed a nightcap at the private members club that John and Mary are not members of.

•

Jack never pays exorbitant FX costs at the airport or overseas on his credit card any more. Jack buys his products from Apple at a discount.

•

Jack sleeps well because he is not waiting for a letter from HMRC.

•

Jack smiles more !

WE2

Total net income after all ‘paid’ taxes Annual IR 35 Risk Net Post IR Risk Income

07

John

Mary

Jack

£139,109.00

£141,702.00

£122,403.00

£14,459.00

£27,145.00

£0

£124,650.00

£114,557.00

£122,403.00

We2 Features

Jack’s Savings*

Work

£19,600.00

24/7 Workspace

X

X

YES

£4,800.00

Annual Tax Returns

X

X

YES

£1,300.00

Administration Efficiency

X

X

YES

£12,000.00

Performance Support

X

X

YES

£1,000.00

Networking

X

X

YES

£500.00 £3,122.00

Personal Group Rate Private Medical

X

X

YES

£1,680.00

Group Rate Life Assurance

X

X

YES

£192.00

VDoc

X

X

YES

£400.00

Centtrip Preferential Rate

X

X

YES

£150.00

Financial Planning Preferential Rate

X

X

YES

£500.00

Large Mortgage Loans Preferential Rate

X

X

YES

£200.00

Fun

£6,800.00

Perkbox

X

X

YES

£800.00

Innerplace Concierge

X

X

YES

£6000.00

TOTAL SAVED

£29,522.00

WE2

09

WORK “Most of us spend too much time on what is urgent and not enough time on what is important.�

Stephen R Covey

WE2

01.

11

24/7 WORK SPACE

Summary of benefit arrangements We2 have partnered with WeWork to give you access to their global network of workspaces.

WeWork transform buildings into dynamic environments for creativity, focus, and connection.

Offices can use the comforts of home, and we can all look forward to Monday if we find real meaning in what we do.

Teams of artists, designers, and engineers custom build every space, prioritizing natural light, comfort, and inspiration.

We’ve become experts in what you need to get work done happily—from brainstorming rooms to phone booths and terraces.

You focus on your to-do’s, we take care of the rest. Enjoy included front-desk service, utilities, refreshments, and more.

Events From thought-leader panels to cheese tastings, We will organise in-house events help you network.

How it works Just show your We2 card or ring ahead on your dedicated We2 line and your workspace awaits.

24/7/365 for as little or as long as you need.

12

WE2

02.

ANNUAL TAX RETURNS

Berkshire Tax Practice The Berkshire Tax Practice team of experienced tax and accounting professionals provides specialist Compliance services to High Earning Individuals and Owner Managed Businesses. The team has considerable experience and understanding of the most complex of tax compliance issues and is therefore able to provide proactive assistance to its clients •

Completion and filing of annual SA Tax returns

•

Attending to corporation tax matters

•

Preparation and filing of corporate tax returns

•

Preparation and filing of limited company accounts

WE2

15

03.

ADMINISTRATION EFFICIENCY

We2 understands that time is money.

Every day you spend on administration related to your personal services company (on non-productive matters like monthly record keeping for VAT returns and providing receipts and information to your accountant for Annual Accounts and tax returns) is a day lost to revenue generation.

The advent of digital quarterly tax returns from 2020 will only increase the administrative burden for operators of personal service companies.

At your daily rate this adds up to a substantial opportunity cost in terms of lost potential income per annum.

Then there is the time and effort of sourcing and administering your Private Medical, Life Insurance and all the other necessary support features of modern living. Never mind that they cost so much more now that you now longer benefit from a group scheme.

Let’s be honest, we have all known that airport and credit card FX rates are egregious and yet most of us still have not got a card like Centtrip.

Our We2 support staff will handle your easy on-boarding process and be there to provide support on an ongoing basis.

We2 is here to help you become more time efficient and profitable, leaving you more time to do the things you enjoy.

We2: •

Eradicate unnecessary administration and thereby give you at least one extra day of productivity a month

•

Take care of your ‘tomorrow tasks’ today

16

04.

WE2

PERFORMANCE SUPPORT

We2 is here to simplify the life of executives who understand the benefits of working smarter not harder.

Performance Delivery Support Consultants who have operated as sole traders through their own limited company will understand the time and cost associated with working this way, some may also have experienced difficulties in fulfilling contract through to illness or forced absence. They have no support network.

We2 maintain a broad pool of consultants with specialists skills and experience. Where capacity is available in the ecosystem, and a need for this capacity arises, We2 will facilitate the match so that the parties can agree the basis for the temporary support.

This ‘exchange’ allows those with spare capacity to maximise their revenue and delivers the potential of support from the experience relevant We2 ecosystem.

WE2

05.

19

NETWORKING

Industry Relevant Networking Operating as a sole trader or via single director company can be an exhilarating entrepreneurial experience that affords you freedom of choice in your workplace.

However it can also be an isolating experience too.

We2 seeks to provide our employees with the best of both worlds.

As part of our operating mantra, we will provide opportunities for you to meet and network with not only industry relevant contemporaries, but also others who have structured their working lives in a similar pioneering manner.

WE2

21

PERSONAL Growing up, I was taught that a man has to defend his family. When the wolf is trying to get in, you gotta stand in the doorway.

B.B King

22

01.

WE2

PRIVATE MEDICAL We2 Notes on Private Medical

We2 have arranged via Mercer a group Private Medical policy with BUPA. While the circumstance of every individual and their families are different, it is estimated that employees, depending on their circumstances will enjoy a discount ranging between 15% and 40% versus the cost of the same policy purchased as an individual.

The quoted pricing is an estimate based on the expected broad profile of the employee cohort. Final pricing will be confirmed once the cohort reaches an initial 21 employees. As the cohort increases, pricing will continue to improve.

Participation in the Company medical plan is optional. The individual subscription will be subtracted from your remuneration.

Employees may choose to extend cover to their partner and family at additional (Group Rate) cost (see table below)

Group Rate Initial Pricing Estimate Employee

Couple

Single Parent Family

Family

£86

£172

£146

£215

A live sample pricing comparison for an individual aged 43.7 years of age based in Greater London for the same policy is as follows.

This individual would therefore enjoy a discount of 39.5% by availing of the Beaumont Consulting Ltd Group medical rate.

Individual

Couple

Single Parent Family

Family

£142

£284

£241

£355

Complete Policy Summary

WE2

02.

25

LIFE ASSURANCE We2 Notes on Life Assurance Plan

We2 have arranged via Mercer a group Life Assurance Plan with UNUM .

While the circumstance of every individual and their families are different, it is estimated that employees, depending on their circumstances will enjoy a discount ranging between 20 - 40% versus the cost of the same policy purchased as an individual.

The quoted pricing is an estimate based on the expected broad profile of the employee cohort. Final pricing will be confirmed once the cohort reaches the required number. As the cohort increases thereafter, pricing will continue to improve.

All employees are obligated to participate in the Company Life Cover plan. The individual subscription will be subtracted from your remuneration.

Group Rate Initial Pricing Estimate is ÂŁ29 per month

A live sample pricing comparison for an individual aged 43 years of age based in Greater London for the same policy is ÂŁ45 This individual would therefore enjoy a discount of 35% by availing of the We2 Group Life Assurance Plan

Complete Policy Summary

WE2

03.

27

VDOC

No subscription cost for We2 employees VDoc delivers fast, convenient access to GP’s for you and your family initially by Video any time of the day or night any day all year round.

This precludes the often lengthy process of securing an appointment with your GP and all the unnecessary diary interruption involved.

Vdoc allows you a consultation within hours from you place of work or home.

Vdoc is only available to employees of large organisations or We2.

We2 employees and their families are covered.

It is estimated that up to 85% of all medical enquiries can be diagnosed online.

Private prescriptions from your local pharmacy can be couriered to your work or home within 2 hours.

Where further examination is required, access to walk in medical is facilitated with same day diagnostic testing facilities.

About VDOC

WE2

29

04.

CENTTRIP FX SERVICES

20% Discount for We2 employees •

Multiple Currencies on one Mastercard (No more Airport FX)

•

Direct access to the live currency market

•

Global cross currency payments without the bank charges

•

Deposits- safe secure deposits for 14 major currencies

•

We2 will facilitate an easy on-boarding process

About Centtrip

WE2

31

05.

MILLION PLUS FINANCIAL PLANNING

20% Discount for We2 employees •

School fees planning

•

Tax efficient investing (Onshore and Offshore)

•

Estate Planning

•

Planning for High Earners

•

Retirement Planning

•

Advice at Retirement

About Million Plus Financial Planning

32

WE2

06.

LARGE MORTGAGE LOANS

20% Discount for We2 employees •

Specialist broker of high value mortgages

•

Access to Private deals not available on high street

•

Bespoke structured transactions including cross currency transactions

•

Residential, Buy to Let, Commercial, Overseas, Multi Currency

About Large Mortgage Loans

WE2

35

FUN “When he worked, he really worked. But when he played, he really played.”

Dr. Seuss

WE2

01.

37

PERKBOX

No subscription cost for We2 employees •

Free Phone Insurance

•

Save hundreds of pounds a year on groceries and other essentials

•

Splash out with exclusive discounts on clothing, entertainment and meals out

•

Discounts at hundreds of Gyms

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Unlimited free access for We2 employees

•

Discounts on hundreds services and outlets

About Perkbox

38

WE2

02.

INNERPLACE

No subscription cost for We2 employees We2 understands. You work hard, you need play to be… easy. We2 have partnered with award winning VIP Concierge ‘Inner Place’ to provide a bespoke membership for We2 employees.

•

Members benefits include access to the personal concierge, priority bookings and acquiring sought-after reservations, while the best tables in some of London’s most elusive restaurants can be attained, with complimentary glasses of champagne in many.

• •

Gymkhana, Sushi Samba and The Ivy are just some of the dining destinations, clubs include Maddox and Mahiki and cocktail bookings at the very best hotspots can be made at Mr Fogg’s, Radio and Cahoots.

Discounts at hundreds of Gyms

•

Members also benefit from free entry to top private members’ clubs, along with VIP invites and tickets to sold-out events.

About Innerplace