Ltd or umbrella?
Depending on your circumstances, either the umbrella route or going Ltd may benefit you. Take our quiz or check out our guidelines to help you on your choice.
"We have set out guidelines of how you can decide which solution is best for you. There is no wrong or right option, however you can increase your take home pay depending on what route you select."
Limited Company
Contracting for more than 6 months
Contracting via different clients in your career
Travel often, need to claim back expenses
Earn over £110.00 per day (approx.)
Work in the private sector
Not deemed as a permanent employee
Have not worked for any previous clients before
Are not working for a client for longer than 2 years
Have not been deemed bankrupt within the last 6 years
Approx take home retention: 75-85%
Umbrella
Earn less than £110.00 per day (approx.)
May be returning back to permanent employment soon
In a short term contract (days, weeks, months)
Need to be paid quickly
Work in the public sector
Prefer a hassle free payroll solution
Not deemed as a permanent employee
Want to get paid into your personal account
Prefer deductions are made before you are paid
Approx take home retention: 60-65%
*The details shown above are opinions based on facts found that Payroll-Supermarket.com have researched within the industry. The retention levels may vary depending on individual circumstances and higher rate tax payers. The information is based on a contractor working on average of 37.5 hours per week. We offer the best relevant advice possible.