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 L.
L
Leaving Umbrella Company
Assuming you’re using a reputable umbrella company, leaving should be a straightforward process. All you need to do is contact your umbrella and let them know when you will leave. You will be issued a P45, and no fees should apply. You are then free to join another umbrella company if you want to.