Umbrella companies are a simple and tax efficient way of maximising your income, whilst still operating within IR35. They are great for short term assignments or new to the market contractors and generally pay about 3-5% more than working as an employee of the agency or end client. To calculate your take home pay using an umbrella company, simply enter your weekly hours, rate, business expenses and the umbrella company fee into the boxes provided. If you want more information about working through an umbrella company, get in contact with one of our top 10 umbrella companies or request a FREE consultation.

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