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How cheap is a cheap umbrella company?

How cheap is a cheap umbrella company?

If you are in the middle of choosing a new umbrella company, you are probably trying to identify a cheap umbrella company to ensure you maximise your pay retention. However, there are a lot of factors to consider when determining whether a cheap umbrella company is worth engaging with. This …

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Umbrella company fees: what do you need to know?

There is often a lot of confusion surrounding umbrella company fees, so we wanted to clarify any misunderstandings. This article will explain how umbrella companies make money and what you should expect to retain after the deductions to your gross salary have been made. If you have any questions, please …

Umbrella company fees: what do you need to know? » Read the full story

Umbrella workers' national insurance increase is almost double that of regular workers

Umbrella Workers’ National Insurance Increase Is Almost Double That Of Regular Workers

The Chancellor will impose an increase in both employers’ and employees’ National Insurance Contributions (NICs), which will take effect from April 6th 2022.  The increase being imposed is 1.25 percentage points, meaning the actual rise is about 9% for employers and 10% for employees.  For some time, most freelancers working for end clients through an umbrella company have …

Umbrella Workers’ National Insurance Increase Is Almost Double That Of Regular Workers » Read the full story

How do umbrella companies make money?

How Do Umbrella Companies Make Money?

There is a common misconception that umbrella companies are raking it in. In reality, the only income that umbrella companies generate is the margin they deduct in exchange for the administrative payroll service they provide. Find out more about how umbrella companies make money in this article. What is an …

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TUC Calls For Umbrella Companies To Be Banned

TUC calls for umbrella companies to be banned

The Trades Union Congress (TUC) has recently requested that the government bans all umbrella companies in the UK due to malpractice and “inadequate regulations”. There is no doubt that some umbrellas have acted unethically, and this has tainted the industry. However, banning all umbrella companies would be an incomprehensible over-reaction …

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How do umbrella companies process the payroll of employees?

How do umbrella companies process the payroll of employees?

Umbrella companies exist to process the payroll of employees, but how do they do this? This article will provide a short overview of how umbrella companies work – with an emphasis on how umbrella companies process the payroll of employees. We hope you find it useful! PAYE Pay As You …

How do umbrella companies process the payroll of employees? » Read the full story

Umbrella Company Fees – Everything You Need To Know

Umbrella company fees – everything you need to know

With the recent rise in demand for umbrella companies, thousands of contractors are searching for information regarding umbrella company fees. We’ll summarise everything you need to know about umbrella company fees, allowing you to move forward with your umbrella company search with complete peace of mind. The umbrella company margin …

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Is there such thing as an umbrella company discount?

Is there such thing as an umbrella company discount?

There are hundreds of umbrella companies in the UK – over 500 to be precise. However, with so many umbrella companies, how do you know whether you’re getting value for money? Keep reading, and we’ll explain whether or not there is such thing as an umbrella company discount and what …

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The truth about umbrella companies in 2021

The truth about umbrella companies in 2021

Shock! Umbrella companies are in the news again. It’s mightily frustrating to read that some umbrellas out there completely disregard the rules and put their employees at risk of non-compliance. Now seems the perfect opportunity to reassure our readers that most UK-based umbrella companies are compliant and provide a pretty …

The truth about umbrella companies in 2021 » Read the full story

Should You Bother Switching Umbrella Companies?

Should you bother switching umbrella companies?

Amazingly, there are over 500 umbrella companies in the UK. Therefore, there is plenty of choice for contractors and freelancers when choosing a company for their payroll. However, if you find a better deal elsewhere, or your current umbrella company is performing disappointingly, should you bother switching umbrella companies? We’ll …

Should you bother switching umbrella companies? » Read the full story

Is it worth your time requesting multiple umbrella company calculations?

Is it worth your time requesting multiple umbrella company calculations?

Due to upcoming legislation changes, more and more contractors are considering using an umbrella company for their payroll. However, is it worth your time requesting multiple umbrella company calculations? Keep reading and find out more. Background to umbrella companies Umbrella companies are an excellent payroll choice for contractors who find …

Is it worth your time requesting multiple umbrella company calculations? » Read the full story

How to identify genuine umbrella company special offers

As more and more contractors shop around the umbrella company market looking for a payroll provider, we wanted to help out and share our knowledge on umbrella company special offers. Some umbrellas are offering excellent, legitimate deals for new clients. However, others are deliberately being misleading and unethical in their …

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What deductions appear on umbrella company payslips?

What deductions appear on umbrella company payslips?

When you’re paid through an umbrella company, you’ll receive a payslip that’ll show similar deductions to an employee in a permanent position. However, there are a few key differences that you need to be aware of. Keep reading and we’ll explain what deductions appear on an umbrella company payslip. Margin …

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What to look for from an umbrella company in 2021

What to look for from an umbrella company in 2021

With upcoming changes to off-payroll legislation looming, more and more contractors and freelancers are likely to require an umbrella company’s services. However, with hundreds of providers in the UK, what should you look for from an umbrella company in 2021? Keep reading, and we’ll explain the most important factors to …

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Your Umbrella Company Does Not Decide How Much You Are Deducted HMRC Does

Your Umbrella Company Does Not Decide How Much You Are Deducted – HMRC Does

Time and time again we hear “why is my umbrella taking so much of my money” or “my pay is too low through this umbrella, I want to find out what I can get through another one”. Sadly this is a misunderstanding, and tax avoidance schemes are to blame. They …

Your Umbrella Company Does Not Decide How Much You Are Deducted – HMRC Does » Read the full story

£30 Umbrella Company Margin - no thanks!

£30 a week for an umbrella company margin? No thanks!

We are not here to antagonise anyone, especially umbrella companies that are committed to operating compliantly. However, we recently came across an article that grabbed our attention – for the wrong reasons. The article in question suggests that a margin up to £30 per week for an umbrella company is …

£30 a week for an umbrella company margin? No thanks! » Read the full story

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