If you are just starting as a contractor, are caught by IR35 or prefer a more hands-off approach to payroll, working via an umbrella company offers a low-risk solution.
The benefit of umbrella companies is that they can be used for any industry, contract role or level of experience and there is very little ongoing admin required. The umbrella company will take care of your invoicing and payroll; all you need to do is send us your signed timesheets.
Umbrella companies also offer the perfect payroll solution if you are working on multiple contracts alongside each other as it gives you continuity of employment. When you use an umbrella company they are seen as your employers, so your tax code won’t be negatively affected and you won’t be overtaxed.