Contractors who are paid weekly, bi-weekly or every four weeks and whose final payday for the 2018/19 tax year falls on the 5th of April 2019 may be affected by the week 53 payment.
Some contractors that are employed through agencies and umbrella companies are signing up to arrangements that claim to maximise their take-home pay and retain up to 90% of their income after tax and NI. But these are clearly tax avoidance schemes.
Why would you need to switch from running your own limited company to using an umbrella company? We discuss the possible reasons behind this and what you need to do to switch from limited company to umbrella.
There is no better time to look for a new contracting role than now. We have 3 tips that will help you find a new contracting role to suit you. Download our free guide to finding new contract roles.
On top of the usual benefits of using an umbrella company, you can save on your every day shopping at high street and online retailers – including groceries, appliances, travel and more through Umbrella Company UK.