What is an Umbrella company?
An umbrella company acts as an employer to Contractors where a Contract of Employment will be issued stating all rights and obligations
Payroll services are provided on behalf of the Contractor for all work done within the given assignment. The amount that is paid is determined by how may hours are worked, what the rate is and if there are any allowable expenses to be claimed. All tax, NI contributions and auto-enrolment is processed through PAYE (Pay As You Earn).
The benefits of using an umbrella company
Contractors are free to work for agencies and end-clients without having to worry about their payroll and other admin because an umbrella company will take care of all of that for them. The end-client is the company whom the Contractor works for, this may be within any industry and sector (see Industries and Sectors page).
As an umbrella company, Incore Umbrella charge a fixed weekly or monthly margin to offer all of the above, freeing Contractors up to concentrate on their job and reducing the risks associated with contract work.