Whether you’re new to contracting or looking to find the best payroll option for you, there are various different advantages and disadvantages to setting up your own limited company and becoming the director, or using an umbrella company and becoming their employee. Most contractors want to know if they will be better off with a limited company or an umbrella service. However, take home pay is not the only factor that will affect your decision. More information is available below.
The reality is that the option you choose will be based entirely on your individual requirements. We can offer you impartial advice and guide you through each option, to help you make an informed decision that’s right for you. To find out more about both options, take a look at our list of benefits for both setting up a limited company and using an umbrella company below.