Contractors

What is a contractor?

Contractors are professionals who operate via their own limited companies or as an employee of an umbrella company, rather than being a permanent employee of a business.

Umbrella companies serve the function of processing PAYE payroll for their employees. Umbrellas also allow a contractor to have the legal status of an employee. Many contractors choose to use umbrella companies rather than to set up their own limited company as an umbrella is much easier and more convenient regarding administration and financial responsibilities such as tax payments.

Common contractor jobs

IT Consultants

Consultants in the IT sector of the job industry can all be operating as contractors. The IT industry is full of contractor positions. An IT consultant could be working as a contractor under their own limited company or as an employee of an umbrella company.

Medical Sector

Many medical professionals like doctors and pharmacists work under an umbrella.

Financial Sector

There is a huge range of jobs in the financial sector that are under contract. Temporary Consultants, and short term projects staff are usually employed through an agency.

Teachers and education workers

It is common for supply teachers and short term contract education staff to use an umbrella company to manage their payroll.

Agency Workers

Any person undertaking contract work from a recruitment agency could make use of an umbrella company to deal with their payroll administration.

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Contractors

What is a contractor?

Contractors are professionals who operate via their own limited companies or as an employee of an umbrella company, rather than being a permanent employee of a business.

Umbrella companies serve the function of processing PAYE payroll for their employees. Umbrellas also allow a contractor to have the legal status of an employee. Many contractors choose to use umbrella companies rather than to set up their own limited company as an umbrella is much easier and more convenient regarding administration and financial responsibilities such as tax payments.

Common contractor jobs

IT Consultants

Consultants in the IT sector of the job industry can all be operating as contractors. The IT industry is full of contractor positions. An IT consultant could be working as a contractor under their own limited company or as an employee of an umbrella company.

Medical Sector

Many medical professionals like doctors and pharmacists work under an umbrella.

Financial Sector

There is a huge range of jobs in the financial sector that are under contract. Temporary Consultants, and short term projects staff are usually employed through an agency.

Teachers and education workers

It is common for supply teachers and short term contract education staff to use an umbrella company to manage their payroll.

Agency Workers

Any person undertaking contract work from a recruitment agency could make use of an umbrella company to deal with their payroll administration.

Read More

The quickest way to get
the best take home pay

Stop losing your hard earned cash!

Fill in your details below and start saving now!

Your information is safe: Privacy Policy