Parasol is an award winning contractor PAYE Umbrella Company that has been up and running since 2000 when a contractor himself, Rob Crossland, decided to found an organisation that was specifically geared to the needs of contractors and particularly suitable for those working in the engineering field.

A real alternative to choosing the Limited Company route, Parasol umbrella solutions offers high earning engineering contractors the opportunity to earn tax-efficiently, while avoiding the sheer hassle and undoubted legislative minefield of running their own business.

With the support of the best tax, legal, payroll, credit control, sales and customer support specialists in the business, Parasol take care of all your invoicing, tax and NI management. Plus, with perks such as being able to offset against tax all your travel and accommodation expenses when working away from home, you can be confident that, as a Parasol contractor, you receive highly attractive net pay returns after tax and costs.

So, whether you’re new to engineering contractor services or an old hand at it; whether you’re a mechanical, rail, POS, civil or chemical engineer or working in the oil & gas industry, take a look at our PAYE calculator and discover what your take-home pay as a Parasol umbrella contractor could be. Then sign up today with Parasol - a UK umbrella company founded by someone with first-hand experience of contracting.

Benefits for Engineers who contract through Parasol

Benefits for Engineers who contract through Parasol
  • Travel, meals and accommodation expenses.
  • Up to £23m insurance cover (enough to ensure you’re not held personally liable for any mishaps, small or major)
  • No set-up fee, no exit fee, no minimum terms.
  • Fast online set-up, register in minutes.
  • Tax-deductible weekly management fee paid only when you’re working.
  • Industry leading online portal, lets you can accept contracts, enter timesheets, claim expenses and track the status of your invoices and pay online.
  • Option to request a same day payment into your bank account.
  • Work even more tax efficiently by discussing your pension options with our specialist IFA ParasolFinancials.
  • Dedicated customer support team available to speak to any time.
  • Payment guaranteed within 48 hours of us receiving it from your agency or end client.

Sign up right here, right now or call 0800 840 7212 and speak to a real live person 24 hours a day.

Part of the Parasol family