An Umbrella Company could be a better solution for you to get paid.
How much could you get paid under an Umbrella Company?
As an employee of an Umbrella Company, you will get a regular pay check which will be dependant on your daily earnings, daily expenses and your working days. We take a small fee for managing PAYE tax and NI contributions, invoicing the client, getting money from debtors and paying your creditors.
Use our simple calculator to give you an estimate of how much you could earn by using Kontractor Connect as your umbrella company.
If you like the look of the illustration, click below to get in touch with a member of our team.
Why should you use Kontractor Connect for your Umbrella Payroll Company
Professional Accreditation
We are proud to be accredited by Professional Passport. This means we follow legislation and stick to a struct code of conduct centred around honesty and integrity.
Client Manager
Having a dedicated client manager whom you can contact directly makes the whole process hassle-free. Your client manager will answer any questions you may have and give you advice should you need it at no extra cost.
Excellent Reviews
We come highly recommended and constantly receive positive feedback from clients both current and past. The level of service Kontractor Connect offer separates us from other providers.
What is an Umbrella Company and Why should I use one?
An umbrella company is a separate company that acts as an employer for contractors working on fixed term contracts, and manages payment for the contractor.
In a nutshell, we take the hassle out of being a contractor when it comes down to finances.
The main benefits of an umbrella company are listed below.
Earning Security
Umbrella companies are a great way to give you peace of mind around your earnings.
Kontractor Connect pay out a fixed amount of money each month so that you can continue to bring in a consistent income.
This is a great way to build a buffer against financial uncertainty and give you the peace of mind to focus on your work and personal life.
Access to Employee Benefits
Being self-employed or a contractor has many perks, but also some drawbacks – specifically the lack of employee entitlements.
As an employee of an umbrella company, you will have access to a range of benefits like sick pay, holiday entitlement, maternity pay and an employment record.
There’s also the security of knowing that you’ll always have money coming in and that you’re not going to be left high and dry if you get sick or injured, or take a well deserved holiday.
Employee Pension Enrolment
Being employed from an umbrella company means that you get a pension.
This is because umbrella companies provide an employment contract so you are entitled to a pension when you retire.
You may have to pay into your pension, but the umbrella company will be responsible for making payments into it on your behalf. This gives you added comfort in knowing your future is being cared for.
No Complicated Tax Returns
If you are being paid as an employee but working under an umbrella company, you may still need to complete a tax return each year if you earn over a certain amount or have expenses to claim.
The umbrella company will manage your tax return and provide you with a P60 at the end of the year. This includes all your NI contributions and the total amount of tax you paid with all your expenses already accounted for.