Our Fees
Unlike other Umbrella Companies who may charge you a percentage of your earnings, we operate a fixed fee policy which means that, even when your earnings increase, you will only pay us:
- Weekly - £21.00 (£17.20 after basic tax relief or £12.60 after higher rate tax relief)
- Monthly - £67.50 (£54.00 after basic tax relief or £40.50 after higher rate tax relief)
- CHAPS* Payment (optional) - £12.00 Per Payment
- Expense Claim Processing - FREE!
Additional Fees:
- Duplicate documents - £5.00
- Reference letters - £5.00
- 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 CHAPS payment guarantees that the funds will reach your account on the same day as they leave.
** The IR35 review charge is waived if it is found you fall inside IR35 and as a result register with ContractorUmbrella.
