Umbrella Company Switch

If you are considering using an Umbrella company, we would like to discuss with you the other option available to you. Umbrella companies have their benefits but for most contractors that anticipate being engaged on a contract for six months and more, a limited company may be the better option.

Why go Limited Company?

There are plenty of benefits to forming a limited company. Other than giving you a better return than the Umbrella solution, going limited gives you the freedom to have complete control. The table below shows how much you can take home through Ltd and Umbrella.

Ltd Company

(Outside IR35)

Ltd Company

(Inside IR35)

Umbrella Company

Monthly Income

£4,000

Monthly Income

£4,000

Monthly Income

£4,000

Monthly Take Home

£3,340

Monthly Take Home

£2,930

Monthly Take Home

£2,820

84%

73%

70%

Ask one of our expert accountants to provide you with a personalised example today.

 

But I don't want the hassle

We provide a hassle free service. We have a choice of three packages but all of them have been created to take away the stress of looking after a limited company. Your dedicated account manager and the award winning cloud based accounting software FreeAgent will combine to ensure that there are only three things that you need to do on a weekly or monthly basis.

  1. Raise your invoice
  2. Log your expenses
  3. Upload your bank transactions automatically

 

How do I switch?

Call us and we will talk through your options and if you decide that forming a limited company is the solution that meets your needs and requirements, we will proceed with the formation.

 

Most Popular
Lite Essential Premium
from £75* per month from £110* per month from £150* per month

Suited for experienced contractors who only need help at year end

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Perfect for most contractors, especially those happy to take on a small amount of admin

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Everything you need plus online bookkeeping

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*Prices are quoted exclusive of VAT, VAT will be applied at the applicable rate.

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