Umbrella calculation
- Figures are based on 2023/24 rates
- This is based on 22 working days
- Your Personal Allowance will reduce if you earn above £100,000 per year
- Under Supervision, Direction or Control (SDC) on any assignment during the tax year
- No expenses
- Holiday pay is advanced
- Contractor Umbrella’s standard margin (£25 per week/£95 per month) is included in this calculation
Limited calculation
- Limited Cost Trader Flat rate scheme for VAT, with first year discount factored in
- Contracts outside IR35
- Directors salary for the year of £12,570
- One director/shareholder involved in the company
Both calculations
- Working 40 hours per week over 52 weeks
- Figures are based on 2023/24 rates
- No additional personal income from any other sources
- You have no earnings from other sources this tax year
- Contractor opted-out of pension scheme
Get in touch!
New enquiries: 01206 591 000
Existing clients: 01206 761 326
Email at: info@contractorumbrella.com
Find us at:
Unit 36 Silk Mill Industrial Estate,
Brook Street,
Tring,
HP23 5EF
Why Choose Contractor Umbrella?
Contractor Umbrella is the hassle-free, straight talking umbrella company that provides umbrella employment for UK based contractors and freelancers. Independently voted as the best umbrella company by the readers of Contractor UK.
As one of the most trusted umbrella companies in the UK, we guarantee our employees peace of mind, absolute compliance and complete security. We are one of the longest standing and most respected umbrella companies in the UK.
If you’d like to find out more, call us on 01206 591 000 or request a call back by completing our online form.
Benefits of working through Contractor Umbrella;
- Fast and easy registration – be ready to work in 24 hours, simply register online and we’ll take care of the rest.
- Calculate your take home pay – use our online calculator to find out how much you could be taking home through Contractor Umbrella.
- Same day payments – We offer same day payments as standard providing funds are received into our account by 9am, for no additional fee.
- Our Service Guarantee – is our guarantee that you will be looked after at every step of the way.
- Flexible Limited Company accountancy – when you sign up to our sister company Dolan Accountancy, you can transfer to Contractor Umbrella when umbrella employment better suits or your assignment sits inside IR35.
- Employee Benefits – at Contractor Umbrella there are many benefits available to you as our employee including Childcare Vouchers, our Employee Rewards Scheme, Group Pension Scheme, Foreign Currency Exchange, Contractor Accommodation, Contractor Mortgages and much more.
- Expert Contractor Support Team – Every employee of Contractor Umbrella has access to our expert Contractor Support Team who are available to deal with any queries that you may have. You can get in touch with the Contractor Support Team, through the online chat, by email or by telephone.
Trusted by over 1,200 employees |