Our blog
Holiday pay when you’re using an Umbrella Company
With Covid restrictions beginning to ease and travel returning to a new version of normal, you may be considering booking your summer holiday. But if you’re contracting under an Umbrella Company, do you get holiday pay? In this blog we explore how holiday pay works, what you’re entitled to and how it’ll be paid. How is your holiday pay calculated? [...]
When is using an Umbrella Company the right option for you?
If you’re new to the world of contracting you may be considering using an Umbrella Company to help get you started, but how do you know if using one is the right path to take, and what are the pros and cons of doing so? In this blog we explore just that, to help you decide which is the right [...]
The Autumn Budget 2021
Autumn Budget 2021 The Chancellor Rishi Sunak presented his third Budget on 27 October 2021. In his speech he set out the plans to “build back better” with ambitions to level up and reduce regional inequality. Main Budget proposals Tax measures include: a new temporary business rates relief in England for eligible retail, hospitality and leisure properties for 2022/23 a change [...]
SG Umbrella’s top tips for new Umbrella Company contractors
Whether you’re completely new to contracting or if you’re moving over to an Umbrella for the duration of your contract, it’ll be a new experience. This blog is for those who are using an Umbrella Company for the first time, and offers some top tips on how to make the most from your time with them. Understand how much you’ll [...]
Agency PAYE vs Umbrella Company – which is the best option for you?
As a contractor about to start your very first contract you’ll have a couple options, to be paid through a recruitment agency or register with an Umbrella Company. You’ll need to decide which option is right for you as it’ll determine how you get paid. In this blog we explore your options for both solutions, to help you decide which [...]
From Limited to Umbrella, and back again! Switching with SG
Whether you’re new to the game of contracting or you’ve already been playing for a while, IR35 has and will continue to play a significant role in the way in which you contract. Whether it’s impacting the contracts you choose to complete or the way in which you operate, it’ll always have a say in your final decision. The ability [...]
Tips for choosing the right Umbrella Company for you
You’ve decided to take the leap into a career in contracting, so first things first you’ll need to choose an Umbrella Company for you to contract under. But how do you decide which one is the right one for you? With so many on the market it can be tough to know which will provide you with the best possible [...]
The top four Umbrella Company myths – busted
If you’re currently in permanent employment but are considering taking the leap into contracting, one of your business model options is to use an Umbrella Company. Whilst this professional step into self-employment is an exciting one, you may have heard a few ‘myths’ which might have made you question your decision. But is there any truth in these myths, or [...]
What happens when I come to the end of my assignment?
Coming to the end of your assignment without anything new on the horizon can be a daunting time so SG Umbrella supports our employees in finding their next contract. We have been working with contractors for over 25 years and have seen both ltd company and umbrella contractors come to us from a large variety of sources. We have put [...]
The Agency Conduct Regulations – should you opt-in or opt-out?
In 2004 the Conduct of Employment Agencies and Employment Business Regulations 2003 was born, with a goal of enforcing a set of minimum standards to which the UK’s private recruitment industry must abide by. These standards apply to both employment agencies and businesses who provide temporary and/or permanent staff to end hirers / clients. How do the regulations affect contractors? [...]
Umbrella Company FAQs
What is IR35 or “off-payroll legislation”? IR35 is the short name used for the 'intermediaries legislation', which is a set of tax rules that apply to you if you work for a client through an intermediary – which can be a limited company or “personal service company” which is how many contractors operate. Contractors in a labour supply chain, operating [...]
Budget 2021 – what does it mean for contractors?
Although Rishi Sunak’s budget today didn’t repeal the off-payroll legislation change due in April as we might have hoped, it’s not all bad news for contractors. With the economy expected to recover to pre-Covid level by mid-2022, the Chancellor set out his plans for supporting the recovery and subsequently recovering some of the cost associated with the pandemic. For contractors [...]
5 Benefits to contracting under an Umbrella company
With IR35 legislation changes just around the corner many contractors may be considering their options, one of which is whether to contractor under an Umbrella, rather than through their Limited Company if found inside IR35. But whilst one of the main reasons which put contractors off the idea of using an Umbrella is a reduced take home pay, there are [...]
Working inside IR35? You could work under an Umbrella company
Are you inside IR35 and unsure what to do? An inside status determination doesn’t mean you’ll have to reject the contract or go permanent, and working under an Umbrella company could be the best option for the duration of your contract. So what does an Umbrella company actually do? The Umbrella creates an overarching contract of employment between yourself and [...]
Furlough extended until March, Job Retention bonus scrapped
It has now been confirmed that the Coronavirus Job Retention Scheme has been extended until 31 March 2021. From 1 November 2020, employers can claim 80% of an employee’s usual salary while they’re in furlough, up to a maximum of £2,500 a month. Any employee that was employed and on payroll on 30 October – providing the organisation has made [...]
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