As operating through an umbrella company s become an increasingly popular way of operating for contractors, more and more umbrella companies have popped up in recent years.

This means that when making the move to an umbrella company it’s important that contractors do their research to find the perfect provider for them.

To help, in this step-by-step guide Umbrella Broker looks at how to use our handy umbrella calculator to find the best umbrella company out there for you.

Enter your Details

When using an umbrella company comparison tool, the first step is to enter your details.

With Umbrella Broker’s handy tool we simply ask for your name, contact details, contractor rate and preferences, such as how much you wish to pay in pension contributions to the services and benefits you’d like to receive from an umbrella company.

This means you don’t have to spend hours filling out forms and checking boxes. In fact, Umbrella Broker’s calculator takes just 60 seconds to use.

Once you’ve entered your information, it’s time to start comparing the results.

Check out the results

Once you’ve entered your details and information, our umbrella company calculator will generate a list of the best-suited umbrella companies based on your needs and requirements.

This means that you can rest assured that you’ll only ever work with an umbrella company that can provide for your needs.

The first thing you should compare between umbrella companies is service level.

Calculate your potential take home

Compare services and benefits

Umbrella Broker will show you exactly what each umbrella company will offer you in terms of services and benefits provided.

So, whatever is important to you, whether that is to maximise your take-home pay, receive help with things like childcare tax credits or receive additional insurance cover, we will outline what you will receive from each company, to ensure you can find the perfect fit.

Compare pay

Once you’ve compared services, the next thing to look at is how much you will take home at the end of each month with each umbrella company.

After all, this is important as you work hard for your money, so you want to choose an umbrella company through which your take home pay is maximised.

Our umbrella company calculator makes this quick and easy to compare, offering a clear breakdown of your pay under each umbrella company. We will also show you what your payslip would look like under each provider, so you can make a well-educated decision and get the best deal for you.

We show contractors what they will pay in:

  • Tax contributions
  • National Insurance contributions
  • Pension contributions
  • Umbrella company fees
  • Any additional fees

Compare umbrella company fees

This brings us on to our next point, umbrella company fees.

In exchange for the services they provide the contractor, every umbrella company charges fees.

This is paid for in exchange for the range of tasks the company carries out for the contractor, including:

  • Admin and paperwork
  • Processing expenses
  • Invoicing and chasing late payments
  • Providing the contractor with statutory rights
  • Acting as the intermediary between the contractor and client
  • Collecting the fee from the client
  • Processing the fee through their payroll
  • Paying the contractor a salary

Umbrella company fees are relatively low cost, however they do differ from company to company which means it’s important to compare how much you would pay under each company.

Therefore, we make it super easy for contractors to compare how much they will pay in fees under each umbrella company.

It is also important to note that the lowest umbrella company fees won’t always be the best. For example, if you need a range of additional services and benefits from the umbrella company it might be worth paying more in order to receive more from the company.

Save your details for later

Now you’ve compared umbrella company services, how much you will take home as well as the amount you will pay in umbrella company fees, you should have a clearer idea of which umbrella companies you would like to work with.

However, this isn’t a decision that should be rushed into, which is why the next step is to save your details and come back later. This gives you time to think about your decision and put real-time and consideration into which umbrella company you will choose.

Umbrella Broker’s handy tool allows contractors to save their results and come back to them at a time that is right for them.

What’s more, contractors can also edit the information they have provided to see how this impacts their results.

So, should you wish to see how changing your pension contributions impacts your overall take-home pay, this is easy to do.

This means that you can rest assured that you are thoroughly doing your research to finding the best umbrella company for you.

What’s more, you can rest assured that we only ever work with the best and most reputable umbrella companies out there, giving you added security that the umbrella company you choose is the right one.

Ready to give Umbrella Broker’s calculator a go?

If you are looking to make the move to an umbrella company this year, head over to our contractor calculator to find the perfect one for you.

Following our step-by-step guide, we make it quick and easy for contractors to find the perfect umbrella provider for them.

That means there’s no need to spend hours browsing the web as our umbrella company calculator does all the hard work for you.

To get started, simply head over to our umbrella company calculator, input a few key details and find the best

Calculate your potential take home

umbrella company for you.