Umbrella Company Glossary
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There is a misconception that umbrella companies are highly complicated. While there is plenty of information to get your head around, they’re far more straightforward than you might have imagined.
To help you understand umbrella companies better, we’ve created an umbrella company glossary that provides simplified definitions for many of the key terms and topics surrounding umbrella companies. Our site is full of resources to assist contractors and freelancers, and many of the definitions below link to further information that we hope you find helpful.
There is currently 1 Umbrella Company Term in this directory beginning with the letter J.
J
Join Umbrella Company
It's important to understand the processes involved if you want to join an umbrella company. It's not very complicated, but it can be quite time-consuming. Firstly, it's a great idea to request an umbrella company calculation – to gauge your earning potential and to check the umbrella is giving you an accurate projection and isn't trying to trick you. When you've found an umbrella you want to join, there is a lot of information you will need to pass over, including your name, address, date of birth, national insurance number, bank account information, assignment details, and more. You'll also be required to provide proof of your identity and right to work in the UK. Once you have completed these steps, you'll be given a Contract of Employment, and you must read this thoroughly. Only sign and return it if you're 100% satisfied with all of its content. These are the processes involved if you want to join an umbrella company.