Viewing Umbrella Companies - Are they worth it? from 3 Introduction to an Umbrella Company - Introduction to an Umbrella Company Written by Contractor Supermarket

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Umbrella Companies - Are they worth it?

An umbrella company can cost a contractor around £100 per month. It might seem a lot, but really it is very good value. It works out to about £3 a day - and that's before your tax relief on the fee is calculated, so it's likely to be nearer £2.50.

• Hunt around and you'll probably get a deal or special offer from an umbrella company.

Are Umbrella Companies Worth the Money?

What exactly do you get for your money? You may be surprised to find that standard levels of service at reputable umbrella companies include:

• Full registration & validation process as required by law
• Comprehensive contractor employee pack
• Simple to follow instructions taking you step by step through the processes
• Inclusive insurances
• Complex government form filling on your behalf
• Fully trained umbrella company staff who are on hand to answer questions
• Complete on-line interaction & access to your records
• High data security levels & emergency back-up procedures
• Correct processing of business expenses

 

Benefits

Mark Ridgeon, MD of Excellium Umbrella, is an enthusiastic advocate of umbrella company services and reminds contractors of even more benefits that come with their services:

• "You can also get a Personal Account Manager at your umbrella company, access to their legal department and the benefits of an HMRC Dispensation with some umbrella companies. Even a 'top ten' contractor umbrella company like Excellium Umbrella won't ever be an expensive choice.

There's so little for you to do when you join an umbrella company. In fact, you have nothing to do! Your umbrella company processing fee covers all the paperwork administration. Your umbrella company does all the work for you. Send your umbrella company your timesheet and you're away.

 

Visitors who read this article went on to read these articles:

1. Job Centre
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3. 10 questions to ask an umbrella company
4. Finding the best umbrella company
5. Over 10,000 of the latest contract jobs in the UK

 

 

written on2010-08-21 22:57:12

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