The Pros of Using an Umbrella Calculator

Umbrella Calculator Advantages

What is an Umbrella Calculator?

An umbrella calculator allows contractors to enter a few key details about themselves, such as their name, contractor rate and preferences and the tool will generate a list of umbrella companies best suited to you in return.

Umbrella calculators are widely renowned for taking the hassle out of searching for the best umbrella companies for you and there are many pros to using one.

Compare Umbrella companies quickly and easy

One of the biggest advantages to using an umbrella calculator is that they make comparing umbrella companies quick and easy.

An umbrella calculator eliminates the need to spend hours manually browsing the web to find and compare companies, taking on all the hard work for you.

Contractors can simply enter a few key details about themselves and Umbrella Supermarket’s contractor calculator will save you hours of searching.

In fact, in just 2 minutes, we will generate a list of the best-suited umbrella companies based on the information provided so you can find the perfect match. It’s really that quick and easy.

Compare umbrella companies based on your contractor needs

Every contractor is different and has a different set of needs and requirements. That’s why it’s so important to find one that caters towards you.

After all, no two contractors are the same – some are looking for same-day payments, other require extra levels of insurance. Whatever it is, you need an umbrella company that works well for you.

That’s where an umbrella calculator comes in handy.  An umbrella calculator allows contractors to quickly compare companies based on the services they require, so you can rest assured that you’re choosing a company that will work for you.

Compare your take-home pay

Every contractor wants to know what their take-home pay will be under each umbrella company, which is why we’ve made this easy to compare.

Our handy umbrella calculator shows contractors what their payslips will look like under each umbrella company, outlining how much tax and National Insurance you will pay, how much you will pay in pension contributions, umbrella fees and any other costs that will impact your income.

This will help you find the best deal for you and ensure you are maximising your take home pay.

Compare umbrella company fees

As well as comparing what your take home pay will be under each umbrella company, our umbrella calculator also allows contractors to compare umbrella company fees.

Every umbrella company charges the contractor fees in exchange for the services and benefits they provide. However, umbrella fees vary from company to company, meaning it’s always important to compare and contrast umbrella fees in order to get the best deal.

Our umbrella calculator makes it quick and easy to compare umbrella fees. We will break down each company’s fee and what you will receive for this in return for this, to help you make a well-informed decision.

Compare only the best umbrella companies

Although the majority of umbrella companies have the contractor’s best interests at heart, unfortunately, as in any industry, some don’t.

This means that it’s always important to compare umbrella companies based on reputation.

This is where our umbrella calculator comes in handy. We only ever work with trustworthy, reputable umbrella companies, so you can rest assured that you’re choosing one you can trust.

Find out more about umbrella companies and whether there is such a thing as HMRC approved companies in our handy guide.

Compare results any time

Another benefit to using an umbrella calculator is that they allow contractors to save their results which they can go back and revisit at any time. After all, choosing the perfect umbrella company is a big decision and shouldn’t be rushed into.

By being able to save your results we allow contractors to take their time over the decision-making process meaning you can properly review your options at a time that’s right for you.

What’s more, we even allow contractors to go back and edit their results.

So, if you want to see how changing the provided information will impact your results, we’ve made that quick and easy to do. For example, you can change how much you wish to pay in pension contributions, and we will show you exactly how this will impact which umbrella companies will be best suited to you.

Ready to find your perfect match with Umbrella Supermarkets umbrella calculator?

There are many pros to using an umbrella calculator. Not only does one make comparing umbrella companies quick and easy, they also allow contractors to compare companies based on factors such as take-home pay, service level and benefits offered to the contractor.

If you have decided that it’s now the right time to start comparing umbrella companies, why not give Umbrella Supermarket’s calculator a go?

It takes just 2 minutes to enter your details and find a list of the best-suited companies for you. So, whatever you’re looking for in an umbrella company, whether it’s help with childcare credits or any other additional perks, we will only ever show you the best companies for you.

We’ve helped thousands of contractors find their perfect match, why not see how we can help you today?

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comparing umbrella companies

What To Look Out For When Comparing Umbrella Companies

Working through an umbrella company has become an increasingly popular option for contractors in the UK.

An umbrella company makes contracting easy and hassle-free for contractors, saving them headaches on everything from tax, payroll, insurance to dreaded IR35.

However, with are so many umbrella companies out there, choosing the perfect one for you is no easy task.

To help, Umbrella Supermarket have put together this handy on what to consider when comparing umbrella companies, so you can find the best one in 2021.

umbrella company

How Does an Umbrella Company Work?

In light of recent IR35 reforms that came into force in April 2021, many limited company contractors are now thinking about making the move to Umbrella.

However, understandably, many will want to know more about umbrella companies and how they work before taking the leap.

To help these contractors decide whether Umbrella is the best move for them, Umbrella Supermarket have put together this ultimate guide on everything there is to know about umbrella companies 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.

avoid ir35

How can I avoid IR35?

As a contractor, you will most likely know about IR35 and upcoming reforms from April 2021.

These changes to IR35 legislation are set to badly impact many self-employed contractors in the private sector, so thousands are understandably worried. After all, getting caught out by IR35 can mean you end up paying more in tax than you need at the same level as an employee, without receiving the benefits of being employed, such as statutory rights.

umbrella company costs

Umbrella Company Fees: How Much Should You Pay?

When deciding which umbrella company to work with, the fees they charge will inevitably play an important role in the decision-making process.

Umbrella company fees are taken directly out of the contractor’s income, so it is only natural that contractors want to ensure they are getting a fair deal.

To help contractors understand umbrella company fees, from how they are charged, what they will receive in return, and how much they should be paying, Umbrella Supermarket outlines everything there is to know about umbrella fees in this handy guide.

umbrella vs limited

Pros and Cons of Limited vs. Umbrella

Big reforms to IR35 legislation are set to come into motion from 6th April 2021 which will impact the thousands of self-employed, private-sector contractors out there.

For this reason, many of the contractors that currently operate through a limited company will be considering the umbrella company route as an alternative.

If this is true for you, it’s important to do your research to find out whether limited company vs umbrella is the best option for you in 2021.

To help make the decision that little bit easier, in this guide Umbrella Supermarket outline the key differences between limited vs umbrella, so you can get on the right track.

2021 budget

What Does the 2021 Budget Mean for Contractors?

On 3rd March 2021 Chancellor Rishi Sunak unveiled his Budget in the House of Commons, outlining the government’s tax and spending plans for the year ahead.

Sunak announced a variety of measures he will put into place to help businesses and jobs that have suffered through the pandemic, as well as outlining a plan for the long-term recovery of the economy.

However, the question many contractors will be asking is how the Budget will impact the

umbrella company

5 Benefits to Working with an Umbrella Company

Contracting through an umbrella company has become an increasingly popular option for contractors across the UK in recent years. After all, it is a route that offers contractors a range of benefits over other paths such as working through PAYE or being self-employed.

 

 

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.

 

compare umbrella company fees

How to Compare Umbrella Company Fees

If you are considering joining an umbrella company in 2021, or have been contracting through one for a while and want to ensure you are getting a good deal, it is important that you know how to compare umbrella company fees.

What you pay in income tax and National Insurance will be the same regardless of which umbrella company you choose, however the fees the umbrella company charges can make a big difference to your take home pay.

At Umbrella Supermarket, we know that every contractor wants to get a fair deal. To help, we explain how umbrella company fees work and how you can compare them to find the best deal.