Calculate your Calculations are examples based on a series of assumptions
ASSUMPTIONS
GENERAL:
Based on rates and thresholds for 2024/25.
Assumes 12 months worked post 6th April 2024
No income from other sources in the tax year
Working 40 hours per week over 52 weeks
28 days holiday per year
1257L tax code
UMBRELLA
You are not subject to SDC
Includes Parasol umbrella solution margin - £10 average
Holiday pay is paid in advance of taking any annual leave
Pension is not taken into account
No expenses can be claimed.
LIMITED
Assignments are not subject to IR35
Includes flat rate VAT benefit for the first year at 15.5%.
Director's fee of £229 per week
Includes Caroola Accountancy fee of £135 per month
Claiming £265 expenses per week
Claiming 200 business miles per week
Top-tier protection
Access to benefits
Reliable Service
Expert Support
Discover the difference.
For most contractors, an umbrella company is the easiest way to get paid. Your tax and other deductions will be taken automatically from your pay, keeping you on the right side of HMRC. So what makes Parasol stand out from the crowd? Our goal is to help you get the most out of your pay packet, quickly and compliantly. Here are just some of the benefits of trusting us as your umbrella payroll provider.
Get ahead
Put yourself in the strongest financial position possible with, Caroola Financial Planning. We believe successful financial planning is about the provision of personal, tailored, proactive, long-term advice. You get unbiased, independent advice to achieve your goals. Fancy a complimentary 15-minute conversation? Book a slot.
Holiday pay
taken care of
Pension
contribution
Save thousands
with rewards
*Caroola Financial Planning is a trading style of Cheetham Jackson JV LLP which is an appointed representative of Cheetham Jackson Limited which is authorised and regulated by the Financial Conduct Authority. We are independent for investment and pensions business, and when looking to address protection needs, we will provide advice based on a fair and personal analysis of the market.
Gold standard protection with Parasol. As a founding member of the FCSA, we put compliance at the heart of everything we do. Be safe in the knowledge your tax will be paid correctly and on time, keeping you on the right side of HMRC.
With Cyber Essentials PLUS, your data is protected by the best-in-class security safeguards. Developed and operated by the National Cyber Security Centre (NCSC), it is one of the best steps we can take to secure your data.
Want to know you’ll be given a top-tiered service? Don’t just take our word for it, take a look at our Trustpilot score. We have a 4.7* rating out of 5, with over 4,300 reviews (and counting!). You can trust that we'll give you great service.
Powerful
Partners.
Looking for those extra perks? Unlock premium benefits with Parasol. Our top-tier partnerships offer access to accidental injury cover, wealth management, and mortgage assistance. We only partner with the best, so you can get the benefits and protection you deserve.
Make
your choice.
Parasol Umbrella for essentials, and Umbrella+ for enhanced support and exclusive perks. Your career, your way.
Umbrella
Online portal, support from us, same-day payroll and insurance.
Umbrella+
Everything in Umbrella + plenty more perks to make your life easier
Let's talk!
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