A hassle-free umbrella company
The way an umbrella company works. The contractor becomes an employee of the umbrella company. This means that the agency will pay the umbrella company an umbrella rate, the umbrella company will deduct its costs (such as its umbrella margin, Employer’s NI, Apprenticeship Levy and holiday pay) and the remaining amount is then payable to the contractor as gross pay. As the employer the umbrella company, deducts the necessary PAYE and national insurance contributions from the gross pay and pays you your salary.
Their will be a flat fee for the agency to take care of your payroll an other administration leaving you with more time to concentrate on the work that really matters for your business.