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?

Would you like more information on The Pros of Using an Umbrella Calculator?

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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.

date rates vs hourly rates

Should contractors choose hourly or daily rates?

There are many decisions a contractor must make in their career. One important one is whether to charge daily rates or hourly rates.

Each option has its own pros and cons and will have a different impact on contractors.

Therefore, it’s important that every contractor does their research to find out which option is best for them.

In this guide, Umbrella Supermarket looks at hourly rate vs daily rate and the benefits and drawbacks of each, to help every contractor find the best route forward for them.


public sector private sector contractors

How to choose between public sector vs. private sector for contractors

Every contractor must make the decision about whether to work in the public sector vs private sector.

Operating in the public or private sector can have a big impact on the contractor’s career, including on what types of contracts they will work on, who they will work with to whether they will fall under IR35.

This is especially true since changes to IR35 legislation were rolled out in April this year which have had a significant impact on private sector contractors.

If you are debating between contracting in the public sector vs private sector, Umbrella Supermarket are here to help. In this guide, we outline the key differences between the public and private sectors and what effects this will have on contractors.

contractor options

Complete Guide to Contractor Options

Contracting has become an increasingly popular way of working in recent years. If you have decided that the time is right to begin your contracting career, one of the first questions you will ask yourself is how you will operate.

How they operate is one of the main decisions contractors must take which will have a big impact on your day-to-day contracting life.

After all, there are a number of ways you can work, including through an umbrella company or by being self-employed.

In this guide we look at umbrella company contracting vs self-employed contracting and the main advantages and disadvantages of each, to help you make the right decision.


Statutory payments

Statutory payments for contractors explained

Contractors can choose to work on a self-employed basis through their own limited company, or through an umbrella company as an employee of the provider.

Thousands of contractors choose the umbrella route. After all, there is a range of benefits to operating under an umbrella company, including receiving statutory rights.

If you are considering becoming an umbrella contractor in 2021 and want to know more about statutory payments for umbrella contractors, Umbrella Supermarket has put together this handy guide outlining everything there is to know.

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.