Umbrella Company Solution

Umbrella Company Solution

Work for yourself, but without the hassle of handling confusing paperwork. Brookson offer a convenient umbrella company solution ideal for those just starting out in the world of contracting and self-employment. By taking care of all the necessary tax and National Insurance calculations, we help to manage your finances and ensure you’re always paid in a prompt, timely manner.

Our dedicated team has been delivering financial support for over 20 years, working with more than 90,000 freelancers, contractors and other self-employed professionals during that time. We use our invaluable expertise to provide a leading umbrella employment service, making sure you always have access to the advice, knowledge and support you need to succeed.

Key Brookson Umbrella Service Features

Working for yourself has never been easier. Once you’ve signed up with Brookson’s umbrella company service, you no longer have to worry about managing your finances or keeping track of modern tax legislation. Giving you peace of mind and making your life as a contractor significantly easier, our umbrella solution provides all the tools and support you could possibly need.

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 Our Work



After over 20 years of providing financial support, Brookson offer an umbrella company solution that you can truly rely on. Ensuring you’re always paid on time and helping you forget about administrative paperwork, we’ve become famous for our excellent service, professionalism and customer relations. However, there’s no need to just take our word for it…

Our friendly, experienced team of experts really are second to none when it comes to offering guidance, support and valuable insights. Available for 6 days a week (Monday to Saturday), our team is always ready to resolve your queries and concerns.

 

 What is an Umbrella Company?



Working through an umbrella company is a fantastic option for anyone just getting started as a contractor or freelancer. Also providing an ideal solution for those planning to work on shorter assignments, umbrella employment means you become an employee of the umbrella company, allowing you to enjoy the flexibility of self-employment while also experiencing the same benefits and security of permanent employees.

Instead of worrying about managing complicated paperwork, working under an umbrella company removes much of the hassle involved with managing your finances and taxes. Since those first steps towards self-employment can appear so incredibly daunting, an umbrella solution makes things a little easier by ensuring you’re always paid accurately and on time.

 

 

 

 How Does An Umbrella Company Work?



Since working through an umbrella company turns you into an employee of that business, you’ll be paid just like a regular permanent employee. While other self-employment options will involve filing your own tax returns, an umbrella company takes care of all the hard work for you—deducting income tax via Pay As You Earn (PAYE) and National Insurance contributions.

Under an umbrella company, your services will be contracted out to the end client or agency. From there, you’ll be in charge of submitting completed timesheets to the umbrella company, who will then invoice the client for the work you have done for them. The client will then receive the payment and pass it on to you (minus income tax, NI contributions and the umbrella company margin).

It’s incredibly simple and easy to set up, which is exactly why it’s always proven such a popular method of self-employment. Download our free guide to learn more about working through an umbrella company.

The Benefits of Using an Umbrella Company

It’s just such a simple solution. Simple to set up and even easier to use. All you have to do is submit your completed timesheets to the umbrella company, who’ll then ensure the client pays for your work and deduct any tax contributions. When you submit your timesheets regularly, you can expect to receive regular payments.

Brookson offer fast, effective same-day set-up, meaning you can get started and reap the benefits of umbrella employment straight away. Perhaps more importantly, you also don’t have to worry about any hidden set up costs or exit fees, while we also provide full visibility of our same-day payments via SMS notifications.

Easy to Set Up

It’s just such a simple solution. Simple to set up and even easier to use. All you have to do is submit your completed timesheets to the umbrella company, who’ll then ensure the client pays for your work and deduct any tax contributions. When you submit your timesheets regularly, you can expect to receive regular payments.

Brookson offer fast, effective same-day set-up, meaning you can get started and reap the benefits of umbrella employment straight away. Perhaps more importantly, you also don’t have to worry about any hidden set up costs or exit fees, while we also provide full visibility of our same-day payments via SMS notifications.

Reduced Stress

Using an umbrella solution allows you to focus on your work. No tax returns. No chasing client invoices. No frustrating paperwork to fill out. We take care of everything, while our experienced team are always on hand to answer any queries or address any concerns you may have. Instead of worrying about filing your tax return on time, you’ll have more time to concentrate on the job you’ve been hired to do.

We pass your tax and National Insurance contributions straight on to HMRC, ensuring you’re completely in line with your legal obligations and you don’t have to worry about breaking any rules. In addition, we run multiple daily pay roll runs to make sure you’re paid on time, every time; providing you with a more consistent and dependable source of income.

Statutory Employee Benefits

When working under an umbrella company, you’ll be given the same rights and benefits as a permanent employee—such as sick pay, holiday pay, workplace pension and maternity leave. In short, you get the same statutory benefits as a regular member of staff, but also receive the freedom and flexibility which makes self-employment such a popular path.

Brookson also provide work-finding services to assist you in finding your next assignment, alongside comprehensive worker insurance at no extra cost.

Helps Contractors Get Started

Due to the improved job security and the fact it’s so easy to get started, umbrella employment is an ideal option for those just starting to dip their toe in the world of contracting. Since you’ll still have access to the same statutory benefits of regular employment and will always get paid on time, you can start self-employed life without feeling completely weighed down by financial responsibility and stress.

A Flexible Solution

In fact, umbrella companies provide a great solution for just about anyone working for themselves. Whether you’re working on a long-term project or a much shorter assignment, setting up under an umbrella company is one of the most convenient ways to get started. This is a particularly good choice if you are working intermittently and don’t want to worry about managing your finances.

Freeing Up Time

Since you won’t have to worry about managing your finances or any admin and paperwork, umbrella employment will naturally free up a lot of your time. As well as lifting a large weight off your shoulders and reducing stress levels, working through an umbrella company will ultimately ensure you’ve got more time to concentrate on your work and improve the quality of your results.

Limited Company vs PAYE Umbrella: Which is Right For You?

Is working under an umbrella company the right option for you? This is a big question. Unfortunately, there’s no easy answer, since your decision will likely come down to your own specific requirements and how you want to operate as a contractor. Undoubtedly, one of the biggest decisions self-employed workers have to make is whether to set up as a limited company or work through an umbrella company.

Both options provide fantastic benefits, but also come with potential drawbacks. So, the big question is: which is the right one for you? Here are some of the basics:

Setting Up – Getting started as a limited company involves registering your business’ name at Companies House. Once this is done, your business is now legally a separate entity to yourself, meaning that you won’t be personally liable for any company debts and financial issues.

Although setting up a limited company is a fairly simple and painless procedure, starting to work under an umbrella company is even more straight-forward. It’s just a simple matter of signing a contract with the company, then submitting a timesheet so they know how much to charge the client for your services.

Managing Your Finances – When working as a limited company, you’ll be solely responsible for the filling out, organising and submitting all of your financial paperwork. From filing your tax return to managing client invoices, the administration of your business will be completely down to you, although you can always hire a specialist contractor accountant to help in this regard.

However, an umbrella company will take care of all this paperwork, ensuring there’s one less thing to worry about and leaving you with more time to concentrate on actually doing your job.

Take-Home Pay – Without question, umbrella companies take a lot of the hassle out of self-employment. By taking care of your tax payments, NICs and processing invoices, they significantly reduce the stress caused by admin and paperwork. However, the financial rewards perhaps aren’t as great as those available to limited companies.

Since an umbrella company will take a chunk of your earnings to cover their services, your take-home pay will inevitably see a negative impact. When working as a limited company, however, you won’t just be avoiding the cost of umbrella margins, since you can also benefit from all kinds of tax efficiencies—whereas those working through umbrella solutions will be taxed directly via PAYE.

Although some circumstances may differ, on the whole contractors operating as a limited company tend to take home more money. In fact, the average limited company stands to make 20% more than their umbrella company counter-parts.

Want to learn more about umbrella vs limited company? Then take a look at our infographic!

  • Umbrella
    Employment Solution

  • Fast and effective same day setup to ensure you are paid quickly and reap the benefits straight away
  • Excellent value for money with no set up costs or exit fees
  • Multiple payroll runs daily and same day payments - so you get paid on time, every time
  • Benefit from all the protection you need with comprehensive insurance at no additional cost – £5m Professional Indemnity, £5m Public Liability and £25m Employers’ Liability.
  • Full visibility of payments made with daily SMS notifications
  • Save time by managing your timesheets, payslips and expenses on the go 24/7 via your online portal
  • Support always on hand with our friendly, expert support team available 6 days a week†
  • Employee benefits scheme - Our benefits scheme gives you a unique mix of perks, rewards and discounts
  • No more nasty surprises with all tax and National Insurance deducted at source and passed to HMRC.
  • Access to free preliminary legal support including, litigation, regulation, insolvency, pensions, intellectual property and debt recovery.
  • Gap Pay between assignments and Minimum Guaranteed Hours*.
  • Relax, with holiday pay accounted for in your weekly income.
  • Health and Safety taken care of with a review completed for each assignment.
  • Known for compliance – Brookson are founding members of the FCSA and have Professional Employment Organisation (PEO) status
  • Find out more     >
 

 How to get Started?



Getting set up under an umbrella company is remarkably simple. In fact, it’s probably the simplest form of self-employment available to you.

To get started with Brookson, all you have to do is fill out a contract, and we’ll take care of the rest for you. Alternatively you can call us now on 0800 230 0213 or fill out our contact form to speak to our experienced team and claim your FREE consultation!

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  • † Specialist Advisors available six days a week, Monday to Friday, 8am-6pm and Saturday, 9am-1pm. Excludes bank/public holidays.