The Autumn Budget 2024 unveiled the plans to crack down on noncompliance in the umbrella world, raise National Minimum Wage, and increase Employer’s National Insurance Contributions to name a few. Like a line of dominos, these changes are sure to impact everyone in the contractor chain, including agencies and end …
With the Labour government coming to power for the first time in 14 years, the expectations of the Autumn Budget 2024 have been widely speculated on. One announcement which came as a shock to people was the rise of Employer’s National Insurance from 13.8% to 15%. While this happens the …
Employer’s National Insurance is rising from 13.8% to 15% » Read the full story
To help the UK’s economy recover from the devastation caused by the coronavirus pandemic, the government has announced a 1.25% increase in National Insurance (April 2022), as well as a new Health and Social Care Levy (April 2023). A rise in National Insurance was perhaps unavoidable. However, the self-employed are …
Nobody likes the idea of a tax and National Insurance hike, but from April 2022, employees and employers will be expected to contribute towards the new health and social care plan. Umbrella employees will be subjected to a double-whammy, as we’re going to explain in this article. Keep reading, and …
How will the increase in National Insurance affect umbrella company employees? » Read the full story
Mini umbrella companies have hit the news again as it’s become apparent that some dishonest and greedy recruitment agencies have engaged with them to pay their temporary candidates. Astonishingly, a BBC investigation found that mini umbrella companies were paying some Covid test centre workers. These pose a serious threat to …
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 …
What deductions appear on umbrella company payslips? » Read the full story
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
The following editorial has been written for umbrellacompanies.org.uk by Umbrella Company UK – an FCSA accredited umbrella company. Umbrella company deductions are single handily the cause for most confusion to contractors and freelancers – and it’s no surprise. While using an umbrella company is very similar to permanent employment (PAYE), …
Understanding Umbrella Company Deductions [Sponsored Editorial] » Read the full story
The chief executive of Hays, Alistair Cox, has some worrying news for those in the public sector who work through umbrella companies and are worried about the loss of their contract.
According to the Institute for Employment Studies (IES), the proposed hike in employer’s national insurance contributions will have a relatively small impact on the permanent employment market in the UK.
According to recent reports in the financial media, Britain’s banks are now approving 80% of small business loan applications, which should come as good news to limited company contractors and sole traders.
