MyPAYE is one of the payroll software options available in the UK market, offering various features to cater to businesses of different sizes and needs. This guide provides a detailed overview of the MyPAYE pricing structure, the features included in each version, and the benefits of using this software.
An overview of MyPAYE
MyPAYE is a cloud-based payroll software solution designed to simplify payroll management for small to medium-sized businesses in the UK. It allows businesses to manage payroll processes efficiently, ensuring compliance with HMRC requirements. The software is designed to be user-friendly, offering various features such as real-time information (RTI) submissions, automatic enrolment for pensions, and employee self-service portals.
MyPAYE pricing list
| MyPAYE Version | Target Audience | Price (Per Employee, Per Month) | Key Features |
|---|---|---|---|
| Lite | Small businesses | £1.25 | Basic payroll processing, HMRC RTI submissions, Payslip generation, Holiday and absence management, Support for up to 10 employees |
| Standard | Small to medium-sized businesses | £1.50 | All features of MyPAYE Lite, Automatic enrolment for workplace pensions, Director payroll processing, Employee self-service portal, Support for up to 50 employees |
| Pro | Medium-sized businesses | £2.00 | All features of MyPAYE Standard, Advanced reporting and analytics, Integration with accounting software, Customisable payslips, Support for up to 100 employees |
| Enterprise | Large businesses | Custom pricing | All features of MyPAYE Pro, Unlimited employee support, Customised solutions, Dedicated account management, Advanced compliance and audit tools |
MyPAYE pricing structure
MyPAYE offers a straightforward pricing structure with different tiers to accommodate the varying needs of businesses. The pricing is typically based on the number of employees being processed, making it scalable for businesses of all sizes. MyPAYE offers both monthly and annual payment options, providing flexibility for budgeting and planning.
1. MyPAYE Lite
- Target audience: Small businesses with straightforward payroll needs.
- Price: £1.25 per employee, per month.
- Features included:
- Basic payroll processing
- HMRC RTI submissions
- Payslip generation
- Holiday and absence management
- Support for up to 10 employees
MyPAYE Lite is ideal for small businesses that need a simple, no-fuss payroll solution. The pay-as-you-go model ensures that businesses only pay for the number of employees they process, making it cost-effective for smaller companies.
2. MyPAYE Standard
- Target audience: Small to medium-sized businesses with more complex payroll requirements.
- Price: £1.50 per employee, per month.
- Features included:
- All features of MyPAYE Lite
- Automatic enrolment for workplace pensions
- Director payroll processing
- Employee self-service portal
- Support for up to 50 employees
MyPAYE Standard offers additional features beyond the basics, such as automatic pension enrolment and an employee self-service portal, making it suitable for businesses with slightly more complex payroll needs. The increased support for up to 50 employees also makes this a good fit for growing businesses.
3. MyPAYE Pro
- Target audience: Medium-sized businesses with advanced payroll and HR needs.
- Price: £2.00 per employee, per month.
- Features included:
- All features of MyPAYE Standard
- Advanced reporting and analytics
- Integration with accounting software
- Customisable payslips
- Support for up to 100 employees
MyPAYE Pro is designed for businesses that require more advanced payroll functionalities, including integration with accounting software and detailed reporting capabilities. This version is suitable for businesses that need to streamline payroll and accounting processes and gain insights from payroll data.
4. MyPAYE Enterprise
- Target audience: Large businesses with complex payroll, HR, and compliance needs.
- Price: Custom pricing based on specific business requirements.
- Features included:
- All features of MyPAYE Pro
- Unlimited employee support
- Customised solutions for specific business needs
- Dedicated account management
- Advanced compliance and audit tools
MyPAYE Enterprise is tailored for large businesses that need a comprehensive payroll and HR solution. This version offers unlimited employee support and can be customised to meet the specific needs of a business, making it a robust choice for companies with complex payroll and compliance requirements.
Benefits of using MyPAYE
- Cost-effectiveness: MyPAYE’s pricing model allows businesses to scale their payroll solutions as they grow, ensuring that they only pay for what they need.
- Compliance: MyPAYE helps businesses stay compliant with HMRC regulations, reducing the risk of fines and penalties.
- Ease of use: The software is designed to be user-friendly, even for those without extensive payroll experience.
- Flexibility: With various tiers and customisable options, MyPAYE can be tailored to suit the needs of businesses of all sizes.
Conclusion – MyPAYE pricing review
MyPAYE offers a range of payroll solutions that cater to businesses from small start-ups to large enterprises. By choosing the right tier, businesses can efficiently manage their payroll processes, ensuring compliance and freeing up time to focus on other aspects of their operations. Understanding the features and pricing of each version of MyPAYE will help businesses make informed decisions that align with their payroll needs and budget.
For more, see our guide to payroll services costs. Or if you’d rather manage your own payroll, check our reviews of the best small business payroll software. Finally, for those on a tighter budget, see free payroll software.
MyPAYE pricing FAQ
MyPAYE pricing varies depending on the version selected. The MyPAYE Lite version costs £1.25 per employee per month. MyPAYE Standard is priced at £1.50 per employee per month, while MyPAYE Pro costs £2.00 per employee per month. MyPAYE Enterprise offers custom pricing based on specific business requirements.
The MyPAYE Lite version, priced at £1.25 per employee per month, includes basic payroll processing, HMRC RTI submissions, payslip generation, holiday and absence management, and support for up to 10 employees.
Yes, MyPAYE offers the Pro version for medium-sized businesses. This version costs £2.00 per employee per month and supports up to 100 employees. It includes advanced reporting and analytics, integration with accounting software, and customisable payslips.
The MyPAYE Standard version, priced at £1.50 per employee per month, includes all the features of MyPAYE Lite, automatic enrolment for workplace pensions, director payroll processing, an employee self-service portal, and support for up to 50 employees.
MyPAYE Enterprise offers custom pricing tailored to the specific needs of large businesses. This version includes unlimited employee support, customised solutions, dedicated account management, and advanced compliance and audit tools. The exact pricing will depend on the specific requirements of the business.
Yes, MyPAYE Lite is designed for small businesses and can handle payroll processing for up to 10 employees. This version is priced at £1.25 per employee per month, making it a cost-effective option for smaller businesses.
MyPAYE offers solutions for businesses of all sizes. The MyPAYE Lite version supports up to 10 employees, MyPAYE Standard supports up to 50 employees, and MyPAYE Pro supports up to 100 employees. For businesses with more than 100 employees, MyPAYE Enterprise provides customisable solutions with no set employee limit.
MyPAYE allows businesses to choose between monthly and annual payment options. The pricing per employee remains the same whether you pay monthly or annually. For example, MyPAYE Lite costs £1.25 per employee per month, which would amount to £15.00 per employee annually.
MyPAYE offers a scalable pricing model that ranges from £1.25 to £2.00 per employee per month, depending on the version. This makes it an affordable and flexible option for businesses of different sizes. The availability of custom pricing with MyPAYE Enterprise allows large businesses to tailor the solution to their specific needs, ensuring they only pay for the features they require.
MyPAYE pricing is straightforward, with a per-employee cost that varies by version: £1.25 for Lite, £1.50 for Standard, £2.00 for Pro, and custom pricing for Enterprise. Additional costs may arise if a business requires specialised customisations or additional services not covered by the standard versions. For detailed pricing on such requirements, businesses should consult with MyPAYE directly.