The two main options for getting paid as a contractor are becoming a director of your own limited company or contracting through an umbrella company. If you are unsure, a no-obligation discussion with our specialists can help you to understand your payroll options and which is best for you.
While there are many benefits to be had by setting up your own company, it sometimes may not be possible or the right option at the moment – for example if your contract is caught by IR35, if you’re only contracting temporarily, etc. Keep reading to find out who should use an umbrella company.
The alternative to having a limited company or your agency’s PAYE system (which is often not an option) is to use an umbrella company payroll provider. It is by far the easiest and most hassle-free way to get paid.