Have you been contracting for a while either through another umbrella or agency PAYE scheme and want to compare the benefits of Parasol umbrella vs. Limited to find out which career path would be most suitable for you?
Parasol’s Best Advice team are on hand to provide honest, impartial advice to help you to choose the right route. With detailed industry knowledge and plenty of experience working with contractors and freelancers, you can trust us to provide you with key information and support that gives you a real opportunity to enhance your career.
Umbrella company benefits
Joining an umbrella company, or professional employment organisation like Parasol is a great career move if you’re interested in the flexibility of picking and choosing your assignments, but none of the hassle of the paperwork, dealing with the taxman or chasing payments.
Perfect for contractors who don’t want to spend lots of time working through their admin, our team look after all your paperwork and payments so that you can concentrate on what’s most important – your assignment.
Thinking of going Limited
Once contractors have looked at the differences of umbrella vs. Limited, many discover that setting up their own Limited company could be a beneficial career move. By setting yourself up as a Limited company with ClearSky, you’ll be immediately structuring your earnings to be more tax efficient, paying yourself a mixture of salary and dividends, which could increase the amount you take home by 18%.
If you decide that going Limited and becoming a company director is the right route for you, Parasol can point you in the direction of our sister company ClearSky Accounting. ClearSky can help with the paperwork associated with setting up and running your own Limited company.