On the 3rd of December 2024, HMRC released an umbrella company calculator that contractors, employment bodies and recruitment agencies can use to get a detailed understanding of take-home pay through an umbrella company. Over the recent years, HMRC has really stepped up its efforts to support temporary workers and organisations …
Exciting news – umbrella company regulations remain on the government’s mind as a new consultation is launched to tackle non-compliance within the umbrella company sector. In November 2021, the government published a call for evidence in the umbrella company sector. On the 6th of June 2023, the results were published, …
We’ve heard reports that a leading umbrella has increased its basic weekly margin to almost £30. This is a considerable amount of money, and we wanted to share our views on what makes an umbrella company margin good value. With the UK’s economy as it is, we can all benefit …
In our opinion, a £29.75 per week umbrella company margin is too high » Read the full story
Umbrella company costs can often be an area of confusion for contractors and freelancers. Therefore, to explain how umbrella costs work and what an umbrella company margin is, we’ve created a short video entitled – how much does it cost to use an umbrella company? Please scroll down to watch …
Video: How much does it cost to use an umbrella company? » Read the full story
The Umbrella Companies Team has added a new video to our YouTube Channel and wanted to share it with our readers. Please check out this blog to view our video called ‘What is an umbrella company margin?’ The transcript of the video is below, as well as a link to …
Video: What is an umbrella company margin? » Read the full story
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 …
How cheap is a cheap umbrella company? » Read the full story
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
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 …
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 …
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 …
TUC calls for umbrella companies to be banned » Read the full story
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
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 …
Umbrella company fees – everything you need to know » Read the full story
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 …
Is there such thing as an umbrella company discount? » Read the full story
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
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
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
