Our Fees
Unlike other Umbrella Companies who may charge you a percentage of your earnings, we operate a straightforward fixed fee policy which means that, even when your earnings increase, you will only ever pay us the same amount.
Our fees are as follows:
- Weekly invoices: £26.50 (£21.20 after basic tax relief or £15.90 after higher rate tax relief)
- Monthly invoices: £85.00 (£68.00 after basic tax relief or £51.00 after higher rate tax relief)
- Same Day Payment* (optional) - £12.00 Per Payment
- Expense Claim Processing - FREE!
As we run a payroll every single working day; we will process all contractor payments the same day they are received in our bank account.
For funds to be correctly allocated your agency or client must send us a remittance advice either by post or to remittances@contractorumbrella.com. If the remittance advice is received after our 12pm deadline your payment will be made the following day or alternatively on the day that the remittance is received.
Additional Fees:
- Duplicate documents - £5.00
- Reference letters - £5.00
- Statement of earnings - £10.00
- Verified payslips - £10.00
- Mortgage & Visa applications - £25.00
- IR35 review - £125.00 + VAT**
We will deduct our fee from funds received when we make payment to you - in this way you will only pay us when you are earning and not when you are in between contracts.
When you join Contractor Umbrella you have complete freedom. We will not tie you in to a minimum commitment and will not penalise you for having a short-term contract.
It is worth noting that even a small percentage e.g. 2% of gross amounts to £132.00 per month in fees for 22 day month earning £300.00 per day.
*Our normal payment method is BACS which can take 2 to 3 days to clear through the banking system. A Same Day Payment guarantees that the money will reach your account on the same day as we process it.
** The IR35 review charge is waived if it is found you fall inside IR35 and as a result register with ContractorUmbrella.
