IT Contractors

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IT contractors are becoming more in demand and can earn a lot more than a regular employee.

If you’re thinking of starting out as an IT contractor or are in between jobs, working through an umbrella company could be a good solution for you. If you have been contracting for a while and earn more than £35,000 per year it may be worth starting your own limited company. Having your own company will give you the flexibility of being your own boss and freedom to pay yourself a combination of salary and dividends, which is a lot more tax efficient. You will also be able to claim back a range of expenses.

Want to know more about becoming an IT Contractor? Our sister company ClearSky Contractor Accounting can help set up your own limited company and give you all the advice you need.

Benefits of ClearSky

Comprehensive insurance cover – you’ll get up to £17 million of insurance cover

Expert support – ClearSky specialises in providing accounting services to limited companies and its experienced team has helped thousands of contractors

Great value – a transparent approach to pricing and great range of packages mean you only pay for what you need, with no hidden extras

Calculate your income

Why choose us?

I have been a contract writer and content editor since early 2014, and have used Parasol from the start. I can't fault the company's service, and even when an error has previously been made by a third party, Parasol has sorted it. As well as the customer service staff being helpful and incredibly speedy at responding, the online payment portal is a joy to use. I wouldn't say many could go far wrong in choosing Parasol as their umbrella agency.

Emma Zucker

I joined Parasol in April 2014, and they were outstanding from day one. No matter what the question, they always responded quickly and professionally, with the exact information required. The web portal is concise, full of extremely useful information and submitting timesheets and expenses was quick and simple. I’d never worked for an umbrella company before, and I had my reservations, but Parasol took care of everything and kept me informed every step of the way. I’ve now found permanent employment which is great news, but I will be sad to leave Parasol. I wish them every success for the future.

Scott Court

I retired in 2010 as I wanted to spend more time with my family. However, I received numerous requests from former colleagues to assist in various projects, so rather than set up a new company, I contacted Parasol. Parasol has enabled me to have the best of both worlds. Much of my work I do from home, so I’m able to combine work and family successfully, with flexibility around working hours. Being able to log timesheets and expenses online makes administration work easy. When the odd problem does arise, Parasol are only an email or a phone call away and an acceptable solution has always been reached. For people like me who prefer to “wind down” on retirement rather than a sudden stop, I would certainly recommend using Parasol. It’s a great flexible way of minimising administration time and costs, so you can concentrate on the “core business” and family.

Angus Robertson