Starting Up

Making the move to contracting should be an exciting time. In this section there are a a number of guides helpful guides to help you, when you are considering making the move.

If you would like to become an employee of Contractor Umbrella please visit our sign up page or if you have any questions about contracting please call us on 01206 591 000 or email sophie.lewis@contractorumbrella.com.

The pages

What is the Apprenticeship Levy and why does it appear in my pay calculation?

The Apprenticeship Levy was introduced by the government in April 2017 and is designed to fund apprenticeship schemes – which allow employers to recoup some costs of providing training to apprentices – across the UK.

 

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What is an overarching contract of employment and why do I need one?

Any contractor employed through an umbrella company will sign an overarching contract of employment. In essence, this means that the contractor becomes a permanent employee of the umbrella company – it provides continuity of employment during and between different contracts.

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Umbrella Company Insurance

£5 million Professional Indemnity Insurance £10 million Employers Liability Insurance £5 million Public Liability Insurance Insurance certificates will be provided to your agency, along with our company details, before you start any assignment. Please note our Professional Indemnity policy does not cover workers in the following trades: Actuaries/Independant Financial Advisors The avionics/aviation industry where the Read More…

£5 million Professional Indemnity Insurance £10 million Employers Liability Insurance £5 million Public Liability Insurance Insurance certificates will be provided to your agency, along with our company details, before you start any assignment. Please note our Professional Indemnity policy does not cover workers in the following trades: Actuaries/Independant Financial Advisors The avionics/aviation industry where the

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Claiming expenses as an Umbrella company employee

Restrictions on Umbrella employee expenses Prior to April 2016, it was possible for Umbrella employees to utilise a wide variety of expenses to reduce their tax bill. By far the most popular expenses were travel and daily meals (these were known as subsistence expenses). Other common expenses, included: Mobile phone Accommodation Clothing Training Subscriptions Equipment Read More...

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Tax-free childcare scheme

How does the Tax-free Childcare Scheme work? To take advantage of the scheme, you’ll need to sign up. This gives you access to an online childcare account, which you can use to pay for childcare costs. For every £8 you put into the account, the government will top it up with £2 – so for Read More...

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What is PAYE?

In the UK, Pay As You Earn Tax is the system that HMRC uses to collect Income Tax and National Insurance Contributions (NICs) from employees’ pay as it is earned.

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Umbrella Company Glossary of Terms

Umbrella Company – An employment services company that enables contractors to receive payments, without the need of setting up and running their own Limited Company. Timesheet – A timesheet is used to record the number of hours/days worked and is used by both Umbrella Companies and Recruitment Agencies. The Recruitment Agency will need a timesheet Read More...

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Case Study – Moving from Permanent Work to Contracting

jaime.thorpe@dolanaccountancy.com

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      Terms and Conditions: 
1 week margin free or £25 reduction on monthly margin. Online registration form must be completed by midnight 6th December 2019. Payment must be processed and margin redeemed by 31st December 2019.
      
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