The two main options for getting paid as a contractor are becoming a director of your own limited company or contracting through an umbrella company. If you are unsure, a no-obligation discussion with our specialists can help you to understand your payroll options and which is best for you.

While there are many benefits to be had by setting up your own company, it sometimes may not be possible or the right option at the moment – for example if your contract is caught by IR35, if you’re only contracting temporarily, etc. Keep reading to find out who should use an umbrella company.

An umbrella payroll provider is an easy and hassle-free way to get paid. Umbrella Company UK is often used by:

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• First-time contractors who want to get used to working independently and are unsure if they will be contracting for a long time

• Contractors who are earning £15 per hour or less

• Contractors who prefer a more hands-off approach to payroll

• Contractors who work on short-term assignments which last for 3 months or less

• Contractors who are inside IR35 legislation and unable to operate through their own limited company

• Those who cannot be a director or do not want to become one

• Quick set up – this can be done in minutes over the phone!

• No tie in period, joining or leaving fees

• Minimal ongoing administration – simply send us your signed timesheets

• Employee Benefits similar to permanent employees, including Sick Pay and Maternity/Paternity Pay

• Allows you to easily submit the hours you’ve worked and view payslips

• Your own dedicated Account Manager and umbrella account team 

• Full insurance cover with £10 million Public Liability Insurance, £10 million Employers’ Liability Insurance and £5 million Professional Indemnity Insurance

• A compliant payroll service – all tax and National Insurance Contributions will be deducted and paid to HMRC before you receive your payment.