Sorry, there are no matching results
If you're new to contracting, then working under an umbrella company is arguably the best way for you to work. But what exactly does this involve?
When you decide to join an umbrella company, it becomes your employer.
The umbrella company invoices the agency or end client and the agency or end client pays the money direct to the umbrella company.
The umbrella company will then deduct PAYE and National Insurance contributions before paying you your wage.
An umbrella company will employ you under a contract of employment, so whether you carry out one assignment or 100, you will be employed under the same contract. An umbrella company also covers all of the payroll and administration aspects associated with working on temporary assignments, while also providing you with the usual employment benefits.
What are the advantages and disadvantages of using an umbrella company?Let's weigh up the pros and cons
Maggie recently decided to enter the world of contracting and found that her role fell inside IR35, meaning she had the choice of agency payroll or an umbrella company. Maggie chose the umbrella company route and decided to work through PayStream’s My Max umbrella service. We asked her how she found the set-up process and how life has changed since becoming an umbrella contractor.Download the case study
Have another question for us?Read our umbrella company FAQs