There are lots of different reasons why individuals opt to use an umbrella company. At Exchequer Solutions we have umbrella employees registered with us from a range of different industries and who have chosen umbrella because it suits their circumstances at the present time.
In many instances our first contact with a new umbrella employee is because their recruitment agency has placed them on a new contract and has recommended they are paid umbrella. In other cases they have been told about the benefits of umbrella by other contractors or have been doing some research themselves looking for the best approach to receiving their pay.
Here are some of the reasons our contractors use us and keep using us
Tax efficiency
It is a tax efficient approach to being paid for many individuals as the umbrella company is able to process legitimate expense claims
Flexibility
Umbrella offers all the benefits of employment status but with the flexibility to take on new contracts through different agencies without a break in employment
Practical and hassle free
Individuals know they will be paid on time and it is then up to the umbrella company to chase up payment
Benefits of employment status
Along with employment status come benefits such as holiday pay, sickness pay and maternity/paternity pay
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.
