Why Every Contractor Should Use an Umbrella Calculator

6 Reasons To Use an Umbrella Calculator

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.

3. Compare services and benefits

Umbrella companies offer a range of benefits and services to the contractor. However, not all umbrella companies were created equal. Some will offer services that others don't, meaning it's important to compare service levels to ensure that you get everything you need from the company.

For example, some umbrella companies will offer same-day payments, some will provide help with things like childcare tax credits, some will offer extra levels of insurance cover.

Depending on your specific contractor needs, it is essential to ensure that your chosen provider can offer the services you need. That’s why our umbrella calculator makes it easy to compare umbrella companies based on the services and benefits they offer.

We will only show you umbrella companies that are suited to your needs based on the information you provide us and will break down exactly what services and benefits you will receive from each company.

Therefore, we make it easy to find a company that can fulfill all your contractor requirements.

4. Compare only reputable Umbrella Companies

Another benefit to using Umbrella Supermarket’s umbrella calculator is that we only work with the best umbrella companies out there. Therefore, we will only ever show you a list of umbrella companies that are trustworthy and have solid reputations.

Although the majority of umbrella companies out there are trustworthy, as, in any industry, there are a handful that aren't. That means that by using our umbrella calculator you don't have to worry about whether you can trust the umbrella company you are choosing, giving you much-needed peace of mind.

Find out more about HMRC-approved umbrella companies and red flags to look out for when choosing a provider in this handy guide.

5. Make an informed decision

Another reason that every contractor should use an umbrella calculator is that they make it easy for contractors to make a well-informed decision about which company they choose.

We offer a handy feature that allows users to go back and edit their information at any time. This means you can change a piece of information, such as how much you wish to pay in pension contributions, and we will update the list of umbrella companies that are best for you based on the new information provided.

This means you can have a play around to ensure you are finding the best match and getting the best deal for you.

6. Take your time over the decision-making process

Finally, we also allow users to save their details and revisit their results whenever suits them. This means all your information is stored, giving you the time to carefully think about your decision.

After all, choosing an umbrella company is a big decision that shouldn’t be rushed in to.

That’s just another reason why using an umbrella calculator is super helpful to contractors.

Try out Umbrella Supermarket’s umbrella calculator today

Clearly, there are a wide range of benefits to using an umbrella calculator and this is the best way for contractors to find the best umbrella company for their needs.

To give it a go for yourself today, why not try out Umbrella Supermarket’s umbrella calculator?

Our umbrella calculator is quick and easy to use and it takes just two minutes for contractors to find their perfect fit.

Would you like more information on Why Every Contractor Should Use an Umbrella Calculator?

Explore More Resources

Decision Making

Is PAYE Better Than Umbrella?

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.

using an umbrella company

Why Should Contractors use an Umbrella Company?

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.


umbrella company fees

Does an Umbrella Company Charge Fees?

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.


What makes a good umbrella company

What Makes a Good Umbrella Company?

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.

umbrella company pensions

Guide to Umbrella Company Pensions

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.


using an umbrella company

Beginner’s Guide to Using an Umbrella Company

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 and Umbrella

Guide to PAYE vs. Umbrella

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.

Holiday Pay for Umbrella Contractors

Complete Guide to Holiday Pay for Umbrella Contractors

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.

umbrella company

When Shouldn’t You Use an Umbrella Company?

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.


The truth about HMRC approved Umbrella Companies

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.

umbrella company costs

How Much are Umbrella Company Costs?

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.


Choose Between PAYE or Umbrella

How to Choose Between PAYE or Umbrella

Every contractor faces the decision between PAYE or umbrella, but how do you know which is the best option for you?

After all, PAYE and umbrella both have key differences, meaning contractors should do their research to find the best path for them.

Thankfully, Umbrella Supermarket is here to help. In this guide, we take a look at PAYE vs. umbrella, explaining what you should know before making the all-important decision.