Who should use an umbrella company

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You may be perfectly suited to an umbrella payroll provider

Are you better off using an umbrella company?

There are many reasons why you may not want to start your own limited company at the moment. If you are looking for an alternative way of working as a contractor, Churchill Knight Umbrella may be the perfect payroll service for you. Any contractor or freelancer can use us as their PAYE payroll provider and it is the easiest way to get paid.

When you sign up to our umbrella service, you will become our employee and we will pay your salary, minus tax, National Insurance Contributions and other necessary deductions.

Whilst using an umbrella service is not the most tax efficient way for a contractor to work, it is the easiest way to get paid and the amount of administration you will be required to complete is significantly less than if you were the director of your own limited company.

It is important to remember that using an umbrella company is suitable for any length of contract. There are no joining or leaving fees when you use Churchill Knight Umbrella and you can switch to our contractor accountancy at any stage. We will set up your limited company in just 24 hours and provide you with all the support you need to be a successful director.

Which contractors typically use an umbrella company?

Typically, Churchill Knight Umbrella is used by:

  • First time contractors looking to get a feel for self-employment, before they consider starting their own limited company
  • Contractors who are earning less than £15 per hour
  • Contractors working on an assignment which is 3 months or less in length
  • Contractors working in the public sector
  • Contractors not looking to run their own limited company at the moment

 

If you are unsure whether you should use an umbrella company or set up a limited company, please give our experts a call for a free consultation.

For more information call on 01707 871622 or email enquiry@churchill-knight.co.uk. Alternatively, you can request a callback or a take home pay calculation below.