6 Reasons to Use an Umbrella Calculator

Why you should use an umbrella calculator

In recent years, using the services of an umbrella company has become a popular option for contractors UK wide.

After all, umbrella companies offer contractors a wide range of benefits, from putting them on their payroll, processing their salary and tax through PAYE, giving them access to statutory benefits and allowing them to claim legitimate business expenses. All the while, contractors are free to choose which contracts they work on and when, giving them much of the flexibility of a self-employed contractor.

However, as more and more contractors have opted to use the services of umbrella companies, the number of companies out there has risen dramatically. This can make it difficult for contractors to decide which company to work with. That’s where using an umbrella calculator comes in handy.

In this guide, Umbrella Supermarket explains why every contractor should use an umbrella calculator to find a company that’s the perfect fit for them.

What is an umbrella calculator?

Before we explore the many reasons you should use an umbrella calculator, let’s first look at what one is.

An umbrella calculator is a quick and easy to use tool that allows contractors to input their details, including their name, contact information, contractor rate and preferences such as whether you are looking to maximise income or help with childcare credits.

This takes just a couple of minutes and once entered, our tool will generate a list of the best-suited umbrella companies for your needs.

So, rather than spending hours searching the web to find the best match for you, our umbrella calculator takes on the hard work for you.

Once you have your results, you can browse through the list and select your perfect match.

That’s how an umbrella calculator works, now, let’s look at the benefits of using one.

Quickly and easily compare results

One of the benefits of using an umbrella calculator is that they are super quick and easy to use. In fact, Umbrella Supermarket’s calculator takes just 2 minutes.

As we have already mentioned, an umbrella calculator takes all the hard work out of searching for an umbrella company for you. This will save you hours manually researching and comparing umbrella companies on the web.

We present your results in a comprehensive, handy list format, meaning no need to keep switching between different tabs to compare your results. That’s why so many contractors use an umbrella calculator, it’s a tool that can save you hours.

Save and edit your results

What’s more, once you’ve viewed your results, you can even save them, meaning you can go back and review them whenever suits you. This is great for contractors that don’t want to rush into a decision but take time choosing the best company for them. After all, it’s not a decision that should be taken lightly.

We also allow contractors to edit their results. So, say you want to know how changing information such as how much you pay in pension contributions or the level of insurance cover you require will impact your results, simply alter this information and we will change your results accordingly.

Enter your personal preferences

At Umbrella Supermarket, we know that every contractor is different and has a different set of requirements. Some contractors are looking for same-day payments, others are looking for extra levels of insurance, others want to maximise their take-home pay.

That’s why our umbrella calculator lets contractors compare results based on their personal preferences and requirements. This guarantees you will find an umbrella company that is the best fit for you and not a generic list of umbrella companies that aren’t geared towards your needs.

Easily compare umbrella fees

When comparing umbrella companies, every contractor should look at what fees each company charges.

After all, umbrella company fees are deducted from your take-home pay, so it’s important to know what you are being charged and exactly what this covers. At the end of the day, contractors shouldn’t be paying too much for an umbrella company, but likewise, the cheapest option is always the best as it can mean a limited-service level.

That’s why we’ve made it easy to compare umbrella company fees with our contractor calculator. With our handy list view of companies, contractors can look at how much each company charges and what services they offer in exchange for this fee. This means you can find a fair deal.

To find out how much you should expect to pay in umbrella company fees, check out our handy guide.

Work out your take-home pay

Every contractor wants to know what they will take home at the end of the day, week or month. This is only natural as you put in the hard work, you want to see the rewards.

The great news for contractors is that with our umbrella calculator, you can easily compare what your take-home pay will look like under each umbrella company. We show you what your payslip will look like, including how much National Insurance you will pay, how much tax you will pay and any other additional payments you will make such as pension contributions.

Again, you have the option to edit your results to see how this will impact your payslip.

Compare only the best umbrella companies

At Umbrella Supermarket, we only ever work with the best companies with solid reputations. After all, the sad fact is that as in any industry, there are a handful of companies out there who don’t have your best interests at heart.

Working with one of these companies could cause you trouble down the line, which is why we only show you umbrella companies we know and trust. So, you can rest assured that you’re making the right decision.

Ready to see what our Umbrella Calculator can do for you?

If you’ve decided it’s the right time to find the best umbrella calculator for you, look no further than Umbrella Supermarket’s umbrella calculator. Our award-winning tool has helped thousands of contractors across the UK find the perfect company for them. So, whether you are looking for IR35 compliance, more money or other benefits, we will find the right umbrella company for you in just 2 minutes.

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