The government are about to make changes which are designed to minimise the tax benefits associated with using an umbrella service. This is obviously a significant blow for workers using an umbrella company.
The dust will soon settle on the situation but here is why we believe a good umbrella company is still worth its weight in gold for many workers.
Flexibility – workers can choose the temporary assignments that suit them, moving around to work in different locations for different businesses whilst continuing to be paid by their umbrella company.
Employment status – our umbrella employees have a contract of employment with us and are entitled to all the benefits of being an employee such as sickness pay, maternity and paternity benefit etc.
Hassle and stress free – the paperwork associated with working through an umbrella company is minimal. A good, professional umbrella company will ensure its workers are meeting all their tax obligations and are fully compliant.
Knowledge and advice – a professional umbrella service will stay ahead of changes to legislation and be able to offer information and advice to its umbrella employees and recruitment agency clients.
At Exchequer Solutions we have helped hundreds of workers to understand how changes to tax legislation will impact on them and helped them to reach a decision on the right approach for them.
If you are considering registering as an umbrella employee and have questions about the benefits and whether it is the right approach for you then talk to one of our friendly team. They’ll be happy to discuss your circumstances and help you with any queries.
