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An Umbrella company is the best method of trading for most contractors. It acts as an employer to individuals contracting while in the UK, often through a recruitment agency.
It enables you to enjoy the best of both worlds - the freedom and flexibility afforded by contracting plus all the benefits and convenience of being an employee. You can offset business related expenses against your tax to increase your take home pay and there are no administrative and regulatory hassles associated with self employment or running your own Limited Company.
Why not compare?
| Gross Hourly Rate |
Weekly take home pay after taxes and fees |
| PAYE |
1st Contact UK Payroll |
Variance (Net Pay p.a PAYE vs.Int Payroll) |
| £10 |
£315 |
£336 |
£2,076 |
| £20 |
£591 |
£612 |
£3,184 |
1st Contact Umbrella offers a simple and efficient service.
Visit 1st Contact Umbrella Website »