Compare the Umbrella only use Contractor reviewed and Agency approved umbrella companies. Here are the top things to look for when comparing companies:
At Compare the Umbrella we only use Contractor reviewed and Agency approved Umbrella Companies meaning that they have a history of good practice in the industry.
Beware of Marketing Ploys
You will see umbrella companies advertising very high percentage take-home pay which can be misleading and may be calculated based on claiming lots of expenses that aren’t relevant to you. Similarly, any claims relating to being IR35 compliant are irrelevant for umbrella company contractors as they are legally employees and so aren’t affected by IR35.
Some umbrella companies will charge joining or exit fees. Make sure to find out all of the charges you are liable for before signing up to an umbrella company. Always read the small print and ask for clarification if necessary.
This could be weekly, fortnightly, or monthly depending on the umbrella company or your Agency/Clients billing terms. Choose the payment schedule that suits you best.
Does your recruitment agency have a list of preferred partners?
Many recruitment agencies will only work with umbrella companies that they have an established partnership with, so ask for their list of companies as a starting point.
If you are interested in joining a pension scheme, find out which umbrella companies offer this.