One of the largest PAYE umbrella companies in the UK have recently launched a new online salary calculator. Tarpon, who are renowned for their innovative and round-the-clock contractor support system, have introduced the new facility to provide prospective clients with an indicative take home pay illustration.
The calculator works on a real time basis, and provides a comprehensive breakdown of an umbrella worker’s net pay, after taxes and fees. Tarpon are not the first umbrella to launch such a service. In fact, you’ll be hard pushed not to find some kind of pay illustrator on most umbrella company websites nowadays.
The key difference with Tarpon’s calculator is that it provides a far more robust and accurate reflection of what your take home pay is likely to be. Both contractors and temporary recruiters have long complained about misleading umbrella pay illustrations to entice new business. Tarpon have recognised this issue and have made a proactive decision to increase awareness of the core deductions when working through a compliant UK-based umbrella company such as theirs.
