Why join an umbrella company?

Ask any contractor how they feel about their career, and they’re likely to tell you that making the leap from permanent employment was the best move they ever made.

Of course, taking the first steps into a new career is likely to feel like you’re venturing into the unknown. Thankfully, you don’t have to do it alone as help is at hand!

In this guide, we discuss the reasons why joining an umbrella company could be an option worth considering.

Benefit from the perks of contracting

If you join an umbrella company, such as Parasol, you’ll receive the best of both worlds. Not only will you be able to benefit from all the perks contracting offers, you’ll also have access to the same rights and benefits given to permanent employees. These include holiday pay, sick pay, and maternity/paternity pay.

Receive a contract of employment

If you join an umbrella company, you’ll receive a contract of employment that provides you with a guaranteed minimum wage, plus the rights and benefits outlined above.

Tax and National Insurance taken care of

You won’t have to worry about tax or National Insurance either, as these are taken care of for you.

Getting paid

Getting paid couldn’t be easier! All you need to do is submit your timesheet and have it signed by the client, the umbrella company will sort the rest.

The ability to claim back legitimate costs and expenses

What’s more, you will be able to claim legitimate business costs and expenses, as long as they’re incurred during an assignment. The types of costs and expenses that can be claimed and reimbursed are dependent on the type of assignment you’re working on, and whether it’s subject to supervision, direction or control (SDC).

Why Parasol?

If you’re thinking about a career in contracting, Parasol’s the name you can trust. We’re one of the longest-established and largest in the industry, and we like to think we know contractors inside and out.

Even if you’re unsure whether contracting is right for you, our dedicated team can offer expert advice based on your own personal circumstances.