Umbrella Companies - an easy way to save money without even trying.

Hi gang,

wanted to give you some more info on Umbrella Companies. They are really cool and no one really understands them until they get to London. and by then it's too late.

the earlier you engage your Umbrella Company, they more money you can start saving. and we all want that right about now.

I have mentioned i4UK on our FB page but here are some wise words from guys themselves.

Its long, but keep reading. it's worth it. I promise.

Nathan from i4Uk gives us the low down.

Umbrella Companies: Myths & Facts
The most common myth surrounding umbrella companies is that we make umbrellas! We don't actually make umbrellas, but we do have you covered when it comes to making sure you maximise your pay whilst working in the UK.

Deciding on an umbrella company to get paid through when working in the UK can be very confusing, so I thought I would try and cover some of the most common misconceptions contractors have whilst using an Umbrella Company and the actual truth behind the myths!

First of all, what is an Umbrella Company?
In the United Kingdom, an umbrella company acts as an employer to independent contractors working under temporary contracts through a recruitment/employment agency.

Basically, your umbrella company issues invoices to your recruitment agency on your behalf (or client) and when payment of your invoice is made, will typically pay you through PAYE (similar to our PAYG system).

Is one umbrella company better than the other?
Well I'm a bit biased and would say that i4 is the best! But at the end of the day all Umbrella Companies use the same PAYE calculations to ascertain how much tax should be paid. The only difference between Umbrella Companies will be the fee that they charge and the level of service that they offer you. That's where i4 likes to set ourselves apart!

For myths on Umbrella Companies and their myth busters, check out our Facebook discussion board

So why use an umbrella Company?

The benefit of using an umbrella company as opposed to getting paid directly by your recruitment agency is that it will allow you to offset a range of business expenses against your income before the tax is calculated, this means that you take home more at the end of your working week! You may also find that your recruitment agency will be you an increased hourly rate if you work (invoice) through an umbrella company, so you are a winner all round!

Give the guys at i4 a call on 1800 612 712 or email them at info@i4groupau.com to find out how that can help you maximise your pay in the UK!

make sure you mention moving2london.com and you'll score yourself a free UK starter pack. this nifty little pack includes loads of cool stuff for your start in London.