Umbrella & Limited Company Resources

Welcome to Umbrella Supermarket's comprehensive resources for UK based contractors. We hope you find it useful. If you have any questions please talk to the team at Umbrella Supermarket today.

Whether you’re new to contracting or a seasoned pro there are a lot of choices out there for contractors. Umbrella Supermarket are on hand to help you every step of the way.

Explore our resources section where we have everything covered regarding your next Umbrella Company or going Limited Company. If you can’t find what you are looking for contact the Umbrella Supermarket team who will be more than happy to assist you.

Happy contracting!

Explore Our Resources

Using an Umbrella Calculator

The Pros of Using an Umbrella Calculator

There are many advantages to using an umbrella calculator for contractors.

Umbrella calculators allow you to quickly compare thousands of umbrella companies across the UK, offering a clear overview of what you will receive from the company, including everything from your take-home pay, what benefits you will receive, and what services the company will offer.

To help contractors find out more, Umbrella Supermarket outlines the main benefits to using an umbrella calculator in 2021.

umbrella vs limited

Umbrella vs Limited Company: What to know when making the move this new tax year

The 6th April 2021 marked significant changes to IR35 legislation which impacted thousands of self-employed, limited company contractors operating within the private sector.

In light of the changes that have now rolled out, many limited company contractors are understandably considering their options and thinking about making the move to umbrella this new tax year.

To help make the decision that little bit easier, in this guide Umbrella Supermarket outline what contractors need to know about making the move from limited company to umbrella in 2021, to help you get on the right track.

 

umbrella company vs paye

Umbrella Company vs PAYE: What should you choose?

Umbrella company vs PAYE is a question asked by thousands of contractors.

After all, it’s a big decision to make that will have a direct impact on your contracting career and day-to-day life, so it’s not one that should be taken lightly.

To help every contractor make the right decision for them, Umbrella Supermarket has put together this insightful guide outlining the key differences between umbrella and PAYE and the advantages and drawbacks of each.

ir35 reforms

Contractor’s Guide to IR35 in 2021

From April 6th 2021, reforms to IR35 legislation will come into force, impacting the lives of thousands of self-employed contractors.

Inevitably, contractors across the UK are concerned about upcoming reforms and how these will affect them. To help, in this guide, Umbrella Supermarket look at what these changes to IR35 entail and how they might impact you as a contractor in 2021.

 

job retention scheme

Job Retention Scheme for Contractors in 2021

The COVID-19 pandemic has impacted workers across the UK and contractors have been no exception.

Many of the 1.77 million independent contractors have either lost work altogether or have had contracts put temporarily on hold leaving them in a tricky position.

Fortunately, many of these contractors are eligible for the government’s Job Retention Scheme otherwise known as furlough, introduced to offer financial support for businesses and workers. This has been an essential source of income for many who have lost contract work as a result of the pandemic.

As we experience a third national lockdown, the furlough scheme has now been extended until the 30th April. So, if you find yourself out of contract work or have projects on hold, Umbrella Supermarket are here to explain what the Job Retention Scheme is, how it works and what this means for contractors.

contracting options

Contracting in 2021: What are your Options?

Whether you are considering contracting, or have years of experience at your hands, with the impacts of the global pandemic and upcoming changes to IR35, many contractors will be considering their options in 2021.

umbrella calculator

How to use an Umbrella Calculator in 4 Easy Steps

As contracting through an umbrella company becomes an increasingly popular route, more and more umbrella companies have opened to cater for demand. Therefore, if you are considering contracting with an umbrella company in 2021 it’s important that you compare companies to ensure you get a fair deal and pick the best one for your needs.

That’s why every contractor should use an umbrella calculator.

umbrella sick pay

Umbrella Sick Pay & Other Statutory Rights

Contractors in the UK can operate either through their own limited company, in turn being self-employed, or through an umbrella company, which in turn employs the contractor.

Thousands of contractors take the umbrella route which has become an increasingly popular choice in recent years. After all, an umbrella company employs the contractor, pays them a salary, processes their tax through PAYE and entitles them to statutory rights such as sick pay.

limited company

Umbrella vs Limited Company Pros and Cons

Every contractor must choose between umbrella vs limited company. It is a decision that impacts the way you operate, are paid, contributes tax and National Insurance and whether you will fall in or outside of IR35. Clearly, it isn’t a decision to be taken lightly.

Ready to take the next step in setting up your structure?