An umbrella company is a simple and hassle-free option utilised by independent contractors working on many short-term contracts for agencies or end clients. Flustra will employ you making Pay as You Earn (PAYE) Tax and National Insurance (NI) deductions for you, ensuring tax compliance.
What is An Umbrella Company?
An umbrella company is a fully compliant payment intermediary which acts as an employer to contractors who work on various temporary assignments. This provides contractors with a continuous period of employment whilst having the flexibility to work on many assignments with different clients.
The umbrella company will make PAYE tax and National Insurance deductions ensuring your candidate’s income tax affairs are taken care of.
- The umbrella company will act as your employer whilst you work on temporary assignments.
- They deal with your paperwork and administration, providing you with a contract of employment and information on each temporary assignment you undertake.
- The umbrella company will enter into a contract with each agency/client you work on an assignment for.
- The client you are working for will record your hours worked, usually via a timesheet, and will confirm these with the umbrella company.
- The umbrella company invoice the client on your behalf for the services you have performed.
- The umbrella company receives payment from the client and pays you for the hours worked under the terms of your contract.
- You will receive a payslip showing all income and deductions, from the umbrella company being paid by the agency/client through to the net amount being paid into your account.
- You will receive a payslip showing all income and deductions, from the umbrella company being paid by the agency/client through to the net amount being paid into your account.
- Statutory benefits such as sick pay, holiday pay & pension
- One employer with the benefits of one continuous employer
- Comprehensive insurance cover
- Payslips & SMS notifications detailing payments & relevant deductions
- Employment status which helps with life planning events such as applying for a mortgage
- Compliance with AWR, AR & IR35
- Decrease time & costs spent on outsourcing labour
- Right to work checks completed
- Remove admin costs associated with employing workers directly, freeing up time & money to grow your business
- Comprehensive insurance cover for employees
- UK call centre
- Candidate SMS payment alerts
- Dedicated account manager
- Rebate scheme (subject to qualification)
- Competitive industry rates
The transfer over from our previous payroll company to yourself has been seamless, not a single issue, the team at Flustra has been a godsend, they have been so helpful and made the whole transfer completely stress free.
Flustra offer an extremely professional and efficient service, always available to provide any information or deal with any queries competently and promptly.
I will be happy to tell anyone who is looking for a payroll provider to contact Flustra, as you have been nothing but 100% professional and a real genuine pleasure to work with.