Contractors and freelancers have a few payroll options to consider when taking on a contract or project role. These include setting up a limited company, working through an umbrella company or operating as a sole trader. Because most recruitment agencies won’t work with sole traders, the first two options are the most common in the UK.
An umbrella company is an easy, hassle-free payroll option that works very similarly to permanent employment. Umbrella Company UK is ideal for first-time contractors, public sector contractors, low to mid-pay contracts, short-term contracts and more.