In April 20217, HMRC introduced the trading allowance (sometimes referred to as the hobby allowance) for people earning small sums of money through self-employment, casual or miscellaneous income. Continue reading to discover if you could benefit from the trading allowance.
The Agency Workers Regulations (AWR) came into force on the 1st of October 2011 and profoundly impacted the contracting sector and temporary workers. Continue reading to discover what the AWR’s mean for you.
When you register with an umbrella company, you become an employee of that company and are entitled to the same rights as any other UK-based employee. Continue reading as we discuss the Working Time Regulations and whether you should opt-in or out of the 48-hour working week.
Once your income exceeds £100,000, the tax-free personal allowance is gradually reduced until it is eliminated in full. Continue reading to learn more about the Abatement of the Personal Allowance and how to preserve your entitlement to the allowance.
Recently, we have received a couple of queries from contractors who have never completed a starter checklist for PAYE before and are unsure which statement applies to them. Continue reading as we outline what each statement means and in which scenario it would apply to you.
Salary sacrifice is a great way to boost your personal pension pot by increasing the amount you contribute each time you are paid. If you’re a contractor, freelancer or agency worker and you require the services of an umbrella company, some can accommodate salary sacrifice – if it’s something you’re interested in. Continue reading to find out more about salary sacrifice.
When you work through a recruitment agency, you will be asked to opt-in or out of the Conduct Regulations. But do you know what this means? Continue reading as we explain what the Conduct Regulations are and what it means to opt-in or out of the legislation.
Before you register with an umbrella company, it’s a great idea to request a tailored take home pay illustration to get an idea about what your net take home pay will be after deductions. Continue reading to discover how umbrella company illustrations are formulated and why companies may be quoting you differently.
When you register with an umbrella company, your offer of employment is usually subject to you returning your signed Contract of Employment, proof of identity, your right to work in the UK, and a copy of your P45 (or HMRC’s New Starter Checklist). But why are these documents required? Continue reading to discover why umbrella companies will request these documents as part of the onboarding process.
If you’re thinking about starting a contracting career or are moving from a limited company to an umbrella company, we understand you’ll probably have a few queries about how umbrella companies work. Don’t worry – we’re here to help! We’ve summarised the main questions we get asked by contractors to help you decide whether an umbrella company is right for you.