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.
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.
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.
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.
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.
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.
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.
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.
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.
Any contractor considering switching to an umbrella company will want to know how to find the best provider to work with.
Although you could spend your precious time and energy searching the web for the best umbrella company, there is an easier way – using an umbrella calculator.
In this guide, Umbrella Supermarket explains why every contractor should use an umbrella calculator in 2021.
If you are considering contracting you will need to decide on PAYE or umbrella.
It can be a difficult decision to make and contractors will inevitably be questioning which option will be the best for them.
To help every contractor get on the right track for them, in this guide Umbrella Supermarket looks at PAYE vs umbrella, outlining the key differences and how this will impact you.
There are many reasons that contractors across the UK opt to work under an umbrella company.
Umbrella companies offer an easy way to contract and remove the need for the contractors to worry about the burdens of admin, finances, tax and IR35, all things that limited company contractors have to deal with.
For this reason, many contractors will be weighing up their options and questioning whether it is worth using an umbrella company in 2021. To help make the decision that little bit easier, Umbrella Supermarket has put together this guide on the pros and cons of using an umbrella company.
Any contractor that is considering operating through an umbrella company in 2021 will need to understand Umbrella Company fees - from why an umbrella company charges fees, how they are paid to how much the contractor will pay.
In this guide, Umbrella Supermarket answers those all-important questions to help every contractor know exactly where they stand when it comes to umbrella company fees.
If you’ve made the decision to contract through an umbrella company in 2021, you will next need to find an umbrella company that’s right for you.
After all, there are lots of umbrella companies out there, so how do you know which one to choose?
To help you find the best umbrella company for you, in this guide Umbrella Supermarket outlines what makes a good umbrella company, so you can rest assured you’re making the right move.
One of the many advantages to operating through an umbrella company for contractors is that they become an employee of their chosen provider.
In turn, this means that the contractor will be automatically enrolled onto the umbrella company’s workplace pension scheme.
To help contractors find out more about umbrella company pensions Umbrella Supermarket has put together this handy guide.
If you are considering contracting through an umbrella company you will naturally have questions and queries over how they work.
After all, making the move to umbrella can be a big step for contractors. To help, in this guide Umbrella Supermarket explains how to get started with an umbrella company and share our top tips for using one in 2021.
PAYE or umbrella is a question asked by every contractor. Which one you opt for will have a big impact on your contracting career and lifestyle. So, it's important to make the right decision for you.
To help makes things a little bit easier, Umbrella Supermarket has put together this guide on PAYE or umbrella, outlining the key differences between each, to help you make the best and most informed decision for you.
One of the many benefits to working through an umbrella company is that you will receive holiday pay as well as a range of other statutory benefits including sick pay, maternity and paternity pay.
To find out more about umbrella company holiday pay, and how to calculate how much you will be entitled to, Umbrella Supermarket has put together this handy guide.
Contractors must make several decisions throughout their contracting careers. One big decision contractors have to make is how they will operate.
One way that contractors can work is through an umbrella company.
Umbrella companies have become an increasingly popular way to contract in the past few years, offering many benefits to the contractor. But, how do you know whether this option is right for you?
To help every contractor make the right decision for them, in this guide, Umbrella Supermarket explains when not to use an umbrella company.
There are tons of benefits to using an umbrella company, which is why they have become such a popular option for contractors in recent years.
After all, an umbrella company takes away the stress and hassle of operating through a limited company whilst offering contractors a range of advantages, such as statutory rights, paying them a salary, deducting correct tax levels and National Insurance, and taking care of tasks like expense processing and invoicing.
However, as more and more contractors opt to use the services of an umbrella company, more providers have started to claim that they are HMRC approved.
To bust the myths around HMRC approved umbrella companies and get straight to the facts, in today's guide Umbrella Supermarket look at whether HMRC approved umbrella companies really exist, so you know exactly where you stand.
If you're considering making the leap to contracting, you will understandably want to know how much you will have to pay in umbrella company costs. After all, this amount comes directly out of the contractor’s pocket, so it’s important to be clued up on how much you should expect to pay.
To help contractors, in this guide Umbrella Supermarket answer the all-important question of how umbrella companies cost in 2021.
