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. Umbrella companies collect the contractor’s earnings from the end client or agency and then pay it onto the contractor with tax, National Insurance contribution and their own fee deducted. Easy.
Working under an umbrella company, like Kontractor Connect, often makes life simpler for contractors, as everything is taken care of for you.
all tax and national insurance is automatically deducted so there is no need to worry about tax returns or year-end accounts
access to entitlements like holiday pay, sick pay and maternity / paternity pay
consistent employment record (handy for mortgage and loan applications)
automatic enrolment into a pension scheme
We take care of the finances, leaving you to do what you do best.