Contracting through an umbrella company has become very popular in recent years.

After all, this is a route that offers the freedom of contracting coupled with the security of employment.

What’s more, as COVID-19 has caused disruption to much of the UK workforce and with upcoming reforms to IR35 legislation coming into force in April 2021, many limited company contractors are now considering making the move to umbrella.

If you have decided to make the leap to umbrella this new year, the next stage is to find an umbrella company that’s the best fit for your contracting needs.

After all, no two umbrella companies are the same. That’s why it’s so important that contractors do their research to find the best company for them. That’s where Umbrella Broker’s umbrella calculator comes into play.

In this guide, we explain how every contractor can use an umbrella calculator to find the best umbrella company for their contracting needs in 2021.

Calculate your potential take home

Step 1: Enter your details

The first step to finding the perfect umbrella company is to enter your details. With Umbrella Broker’s easy to use contractor calculator this takes just 60 seconds.

Simply enter your name, contact details, contractor rate and any preferences you have, from how much you want to pay in pension contributions to what service level you desire. Now click enter.

Next, we will show you a list of the best umbrella companies based on your details. Results are displayed in an easy to read list, meaning no flicking between different tabs.

Step 2: Compare service level

Once you’ve generated a list of the most suited umbrella companies for your needs, the next step is to compare companies based on the level of service and benefits you require.

After all, every contractor is different and has different needs, requirements and preferences. That’s why it’s important to find an umbrella company that caters to you.

Our umbrella calculator makes it quick and easy for contractors to compare companies based on service level, whether you are looking for more money, extra levels of insurance or help with childcare credits. What’s more, we have no vested interest in any one company, showing you an impartial list of companies, so you can find the best match.

Step 3: Compare take-home pay

Inevitably, how much you will take home will have an impact on which umbrella company you choose to work with. That’s why we’ve made it easy to compare umbrella companies based on what you will take home.

Umbrella Broker offers a comprehensive breakdown of your pay, including:

  • How much you will pay in tax
  • How much you will pay in National Insurance
  • How much your pension contributions will impact your pay
  • How much will be deducted from your pay in umbrella fees

We make it easy for contractors to see how much they will take home and how this will differ from company to company, to ensure you pick the right one.

Find out more about how to calculate your take-home pay with an umbrella company calculator in our handy guide.

Step 4: Compare umbrella fees

Part of comparing how much you will take home each month involves looking at what you will pay in umbrella fees with each company.

It’s important to remember that the company with the lowest fees isn’t always the best option as they may not offer services or benefits that are important to you. In the same vein, no contractor wants to pay sky-high fees when this is avoidable.

That’s why our umbrella calculator makes it quick and easy to compare companies based on how much they charge in fees and what the contractor will receive in return for the fee, to ensure you get a fair deal.

For more help with all things umbrella fees, check out our handy guide.

Step 5: Save your details

With Umbrella Broker’s handy umbrella calculator, contractors are free to save their details and results to revisit whenever suits them, so you can take time over making the right decision.

We also allow contractors to edit their information at any time, so you can see how these changes will directly impact your results. So, say you wanted to see how changing your pension contributions altered your results, we allow you to make these edits so you can rest assured that you have covered all bases.

Step 6: Compare only the best companies

Umbrella Broker will only ever show you reputable umbrella companies you know you can trust. As we have already mentioned, we are 100% objective, with only your best interest at heart.

After all, although most umbrella companies out there can be trusted, like in any industry, there will always be a handful of those that aren’t. That’s why we only ever show you a list of the best umbrella companies you can trust.

Ready to use Umbrella Broker’s umbrella calculator to find the best umbrella company in 2021?

If you are considering the move to umbrella in 2021, our quick and easy to use umbrella calculator can help you compare umbrella companies based on fees, take-home pay, benefits and service level, so you can find the best umbrella company for you.

Forget spending your precious time and energy browsing the web looking for the best umbrella company. Our umbrella calculator takes all the hard work out of the process for you.

We have helped thousands of contractors find their perfect fit, whatever you are looking for, we can help you find it in a matter of minutes.

If you’re ready to see what our umbrella calculator can do for you in 2021, simply start by entering a few key details and we will do the rest. What’s more, you can always save your results to go back to at any point, so you can take your time over making that all-important decision.

Find out more about how we can help your contracting career in 2021.

Calculate your potential take home