How does an Umbrella calculator work?
Before we look at why contractors should use an umbrella calculator, let’s start by looking at how they work.
Umbrella Supermarket’s contractor calculator is quick and easy to use.
Simply head over to our umbrella calculator, enter a few key details such as your name, contact information, and any contractor preferences you have and click to get your quote.
Now, you will be presented with a list of the best-suited umbrella companies based on your needs and requirements. So, should you want help with things like childcare credits, we will show umbrella companies that are best suited to such needs.
What’s more, our umbrella calculator takes just 2 minutes to use, so there’s no need to spend hours finding the best match for you.
That’s how an umbrella company works, now let’s look at why you should use one.
1. Compare take-home pay
Umbrella calculators make it super quick and easy for contractors to compare how much their take-home pay will be under each umbrella company. After all, you work hard for your money so it's only natural that you want to ensure that you are maximising your take-home pay.
That's why Umbrella Supermarket makes it quick and easy to compare your take-home pay. We even show contractors what their payslips will look like, breaking down how much they will pay in tax, National Insurance, pension contributions, insurance, and umbrella company fees.
This makes it easy for contractors to compare companies based on how much they will pocket at the end of each month, meaning you can make sure you're getting the best deal.
2. Compare Umbrella Company Fees
Every umbrella company charges the contractor a fee in exchange for the benefits and services they provide.
Although umbrella company fees are competitive, they do vary from company to company, so it’s always important to compare fees in order to get a fair deal.
An umbrella calculator makes comparing umbrella company fees quick and easy, showing exactly how much each company charges and what you will receive in exchange for the fee. This helps to ensure that every contractor will get a good deal and pay a fair price.