What is an Umbrella company
What you need to consider when thinking about employment with an Umbrella company
Affected by IR35 changes?
If you need to switch to Umbrella, or wish to toggle between Umbrella and PSC, we can help.
What is an Umbrella company
If you are taking on a short term contract or just dipping your toe into the contractor market for the first time, you may want to consider working under an Umbrella company.
You’ll be employed by the Umbrella company and able to enjoy the flexibility of contracting under one continuous employment. The Umbrella company will take care of your tax deductions and make sure you’re paid on time, leaving you to focus on your work.
Umbrella company process
- The Umbrella contracts with the agency
- The Umbrella invoices the agency for the hours you have worked
- The Umbrella is paid by the agency
- The Umbrella deducts its margin and costs
- You will then receive payment from the Umbrella
- All taxes and National Insurance are deducted and paid to HMRC.
Key features
- Fully employed by the Umbrella company
- No administration burden on set-up or ongoing
- Continuous employment across multiple contract roles
- Usually comes with wide-ranging benefits
- Usually includes business insurance
- Notifications of when you get paid
- Continued contributions to workplace pension schemes
TAKE-HOME PAY CALCULATOR
Find out how your take-home pay compares between a imited company contract and Umbrella structure .
Our Umbrella solution includes everything you need
Dedicated customer service team
Wide-ranging employee benefits
Easy management of timesheets
Full employment rights
SMS notification when you are paid
Business insurance included
Workplace pension contributions included
Refer a friend incentive
Industry news, analysis and expert opinions
Work ‘inside’ and ‘outside’ with IR35 Switch
If you’re caught by IR35, you don’t have to close your PSC. IR35 Switch allows you to operate inside and outside contracts compliantly.
VIDEO: Umbrella Pay Explained
Working via an Umbrella company can be complicated at first. Here we explain how your pay will be calculated when you use JSA Umbrella.
What To Look For In A Good Umbrella Company
There are lots of reasons you should choose a good Umbrella company. Click here to find out what you should look for.
