How Much Should you Pay for an Umbrella Company

There isn't a hard & fast amount that we recommend you should pay for the service provided by your umbrella company. There's a wide range of prices that umbrella companies will charge their processing and all the other advantages, anything from £40 to well over £200 a month.

Make sure you know exactly what your umbrella company charges before you register with them, and always ask if the umbrella company has any extra charges. The basic price should be sufficient for turning your timesheet into cash. This type of question will help you avoid costly mistakes in the future.

Fair Pricing

No one begrudges paying for service, as long as there is value in it. At around £100 a month for the services of an umbrella company, you'll be getting a fully qualified back-office team who are paid simply to get you paid. And at about the cost of a drink each day an umbrella company is pretty good value.

On the whole, umbrella companies offer great benefits at an affordable price - just make sure you're with the right umbrella company whose price & service levels satisfy your needs.

How do Umbrella Companies Charge?

Umbrella companies charge for their services in a number of different ways. Some umbrella companies charge a sliding scale other umbrella company services are priced at a flat monthly fee. Others charge per invoice raised or when they process any of your business expenses.

Don't go for an umbrella company pricing structure that is a percentage of your contract income. Some contractor umbrella companies still work this way and it can disadvantage the contractor. Chose an umbrella company that charges a fixed fee price.

It's More than Money

When considering which umbrella company to register with, remember service levels & customer satisfaction are just as important as the price. You should try and check out the reputation of an umbrella company before joining, and not rely too heavily on what their own website says.

One way of doing this is to see what other contractors are saying about the umbrella company, and how one umbrella company ranks compared to all the others. We've also independently reviewed over 100 umbrella company services for you.