Every umbrella company offers the contractor a range of services and benefits and in return, charges the contractor a fee:
Now you know why umbrella companies charge their fees, let’s get down to business and look at how much they charge. After all, this will come directly out of your pay cheque, meaning it’s important you get a fair deal.
Umbrella company fees vary from company to company but typically contractors can expect to pay upwards of £15 per week in umbrella fees.
This varies depending on the services and benefits offered by the umbrella company, however. Clearly, if you only require minimal services from the company you can expect to pay the lower amount. However, if you require a range of benefits and additional services you will pay higher umbrella company fees.
Now you know how much you can expect to pay in umbrella company fees, let’s look at how fees are charged, as this can also have an impact on how much you will end up paying.
Umbrella fees can be charged as either fixed fees or percentage fees.
For this reason, most contractors prefer paying their fees as fixed fees as it means they won’t have to pay more if they begin to earn more.
Fees can also be charged as net fees or gross fees.
This can also have a big impact on how much you end up paying meaning it’s important to take into consideration when choosing which umbrella company to work with.
Umbrella companies may also charge the contractor additional costs which can have a direct impact on your pay.
Some extra costs to account for include:
For this reason, it is always important to take the time to understand what the umbrella company fee covers and whether you will incur any additional costs for extra services or benefits.
Now you know what to look out for when it comes to umbrella fees and how much you should be paying, the next step is to use Umbrella Supermarket’s contractor calculator to compare umbrella company fees.
Our umbrella calculator takes all the hard work out of comparing umbrella fees for you, showing you exactly how much you will pay in exchange for what services in an easy-to-view list.
Simply enter a few key details, such as your contractor day rate and preferences, and we will show you a list of the best-suited umbrella companies for you as well as how much you will pay in fees under each company.
To find out how we can help you today, why not try out our award-winning umbrella calculator for yourself?
Any contractor considering switching to an umbrella company will want to know how to find the best provider to work with.
Although you could spend your precious time and energy searching the web for the best umbrella company, there is an easier way – using an umbrella calculator.
In this guide, Umbrella Supermarket explains why every contractor should use an umbrella calculator in 2021.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
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.
