As we see more and more of the banks, insurance companies, law firms and financial organisations laying off permanent staff, the demand for contractors or freelancers in the banking and financial services sectors has increased dramatically. These changes have lead to more of our contractors coming from the bigger organisations such as HSBC, Deutsche Bank, BNP Paribas, AXA, Barclays and Aviva.
Contractors in Finance
Contractors and freelancers can command higher rates of pay, which makes moving away from permanent work to contracting much more appealing, however the businesses are also benefitting by negating additional benefits such as sick and holiday pay.
Going freelance or working as a contractor in the banking / finance sector can be a daunting prospect, however an umbrella company can make taking this step a little easier. We are often asked how much money you will take home after tax as a contractor? To calculate your take home pay as a contractor, please use our online Take Home Pay Calculator.
So if you are thinking about going contracting, or if you are already a contractor and using another umbrella company, why not give us a call? We'll explain everything you need to know about working through Contractor Umbrella or the alternative option of setting up your own limited company via our sister company Dolan Accountancy.
If you have any questions about working under an umbrella company or would like any further advice, then please call our new business team on 01206 591 000 or click here to email us.
If you are interested in the benefits to working under an umbrella company, these pages may be of interest to you:
If you wish to sign up as a contractor with Contractor Umbrella, please complete the simple form below and someone will call you back to talk you through the sign up process.