If you are contracting for more than 3 months, or it is your aim to
contract for the foreseeable future then the limited company route is
the best way to go.
By contracting through your own limited company you are much more tax efficient, giving you more money in your pocket.
We understand that everyone's circumstances can be different so call us today for a free personal business review before you make any decision.
Below are the answers to some common questions we get asked in reference to Umbrella Companies and the advantages you can get from running your own limited company. You can find more of these on our FAQs page or feel free to call or email us to discuss any further questions you may have: 0845 834 0269 or firstname.lastname@example.org
If there are limited company advantages then why do recruitment agencies tell me to use an Umbrella Company?
Contractors are often advised by recruitment and job agencies to use a Umbrella Company, this is because the agency is earning a very healthy commission from the Umbrella Company for referring you to them. The figures below speak for themselves, Umbrella Company route = much less money in your pocket.
If I contract through my own limited company how will this effect my take home pay?
If you are contracting through your own limited company your take home pay will be anywhere between 80% - 85% of the contract value.
If you contract through an umbrella company then your take home will be around 60% - 65% of the contract value.
For a full personal breakdown, get in contact today.
Is there a lot of paperwork involved in running a limited company?
Paperwork for a limited company will take no more than 15 – 20 minutes per month. This includes sending invoices, recording expenses and paying HM Revenue and Customs, if you choose to use an Umbrella Company, it will take roughly the same amount of time but cost you a lot more money.