Umbrellas made easy.

Over 80% of self-employed contractors now utilize umbrella companies to manage their invoicing and tax payments. Umbrella companies alleviate the stress and complexity of self-employment while offering additional perks like payslips and statutory rights.

When a contractor works through an umbrella company, they forfeit their self-employed status and become an employee. For tax purposes, the work is contracted between the agency and the umbrella company, which pays the contractor a salary after deducting an administrative fee, National Insurance, and income tax. To explore your options, contact Swift Contracting today