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Sometimes - especially after the IR35 misery - an agent might also come with an umbrella company that will readily employ you for the duration of your contract
by haspok 4y ago
Sometimes - especially after the IR35 misery - an agent might also come with an umbrella company that will readily employ you for the duration of your contract for a cut. People usually tended to avoid these solutions due to tax inefficiencies. Not everyone though, I knew some people who chose comfort and didn't want to deal with the admin of an LTD and constant invoicing (however small inconvenience that might be), so they just went with the umbrella. I presume this is now a much more popular solution...
An umbrella can also be provided by your accountant.
- sbdncuvh 4y agoWe have a mix here in aus. The recruiter does the recruiting and provides access to an umbrella company but it's optional and up to you. The umbrella company is a separate entity that provides the service to the recruiter, 99% automated so fees for it are basically nothing. The umbrella handles witholding tax, super payments, pay slips and a few compliance things like confirming you've watched your OSHA video quota for the year.