When you register with an umbrella company, you are entitled to holiday pay, but it is often an area that causes a lot of confusion. Continue reading as we explain how holiday pay works through an umbrella company, including how it is calculated and paid to umbrella company employees.
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From the 6th April 2022, National Insurance for employees and employers will increase by 1.25% to help fund health and social care. Continue reading as our article outlines the new Health and Social Care Levy and how it will impact contractors working via an umbrella company.
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Key Information Documents (KID) were introduced on the 6th April 2020 to provide a breakdown of the deductions that temporary workers will see to their pay and provide essential information regarding their assignments. Continue reading as our article outlines what information should be included in a KID and who should give it to you.
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It is a legal requirement for umbrella companies to provide and enrol their employees in a workplace pension scheme as an employer. Continue reading as we give an overview of how pensions work when contracting through an umbrella company and how to opt-out if you do not want to continue with the pension contributions.
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Contractors receiving their first umbrella company payslip can sometimes find it challenging to understand how their pay has been calculated and what deductions have been made. This guide explains how an umbrella company payslip is generated and the tax deductions you can expect to see.
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If you’re required to use an umbrella company for your payroll, it’s understandable that you may decide to shop around and choose the umbrella company that offers the highest take home pay retention. However, as we’ll explain in this article, all umbrella companies (the compliant ones) will process your payroll identically, and your retention between providers shouldn’t vary. However, there are unscrupulous tax avoidance schemes out there that’ll offer you noticeably higher pay retention – sometimes upwards of 90%. While using one of these arrangements may be tempting, we urge you to avoid them at all costs. Keep reading, and we’ll explain the warning signs of a tax avoidance scheme and why they should be avoided.
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Calling all contractors! If you’re new to umbrella companies, don’t just pick the provider that quotes you the highest take-home pay retention! Many umbrella company illustrations are inaccurate and have been unethically inflated to trick temporary workers into signing up with one provider over the competition. Don’t fall for misleading and naughty tactics from unscrupulous providers! Please keep reading and stay ahead of the game. And, before you shop around, try our free and instant umbrella company calculator.
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For years, umbrella companies have confused the UK’s temporary workforce. And, with umbrellas experiencing demand like never before, more and more contractors, freelancers and agency workers are approaching umbrella companies for the first time. To help make life easier, Umbrella Company Calculator has launched a brand new tool designed exclusively for temporary workers. The new umbrella company calculator is a free tool that can be used an unlimited number of times. It’s designed to be transparent and provide temporary workers with an accurate and realistic take-home pay calculation. Keep reading, and we’ll explain more about Umbrella Company Calculator and why it’s worth trying out.
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