What is an Umbrella Company?
Working for an umbrella company means you get most of the benefits of self-employment without all of the extra hassle.
As an umbrella company is an organization that employs temporary workers and enables them to carry out a number of short-term contracts for agencies and end-clients.
For a flat weekly margin we will take care of your payroll and other administration, leaving you with more time to concentrate on the work that really matters. Once you’ve signed up you effectively become an employee of oasis Umbrella Company. You will have an employment contract and benefit from all of the same employment rights as other permanent employees. You will be able to carry out multiple short-term contracts with less overall risk.
At Oasis Umbrella we provide our employees with a number of important services, including:
- Collecting payments from agencies on your behalf
- Helping you claim allowable business expenses
- Processing your pay slip and making sure you get paid on time
- Keeping you compliant with the latest tax regulation updates and the HMRC
Umbrella employees can come from a broad range of sectors including:
- IT and telecoms
- Health and social care
Why Use An Umbrella Company?
We take care of all the necessary financial administration so you can concentrate on what’s really important. All you need to do each week is submit your hours and we’ll make sure you receive everything that you’re entitled to.
Why come under our umbrella?
- Fast and simple set up in minutes
- 24/7 access to our easy to use online portal
- Friendly experienced staff to support you all the way
- Multiple daily payroll runs to ensure that you get paid on time
- £20m comprehensive insurance package giving you peace of mind
- Personal accident insurance
- Claim allowable expenses
- 100% focus on compliance giving you peace of mind
- Full statutory employment rights
How Much Will I Take Home?
The amount of weekly or monthly take home pay you receive depends on a few key factors like your hourly or daily rate, how often you work and any allowable expenses you can claim.
An umbrella employee you may be able to claim allowable expenses while working on a temporary site. The range of legitimate expenses can include things like travel and meal costs while traveling between locations, as well as hotel bills for when you are working away.
One size doesn’t fit all. For a personalized take home pay illustration and best advice speak to our experienced team today.
Claiming Your Expenses
Using an umbrella company means that, in certain circumstances, you can claim allowable business expenses without the hassle of setting up a limited company.
As a worker through our umbrella service you may be able to claim allowable expenses. This means that we reimburse your expenses from the funds we receive from your agency before tax and national insurance is calculated.
While you’re out contracting, you’ll pay for any expenses with your own money, but make sure to keep any receipts and invoices safe.
Claiming Business Allowable Expenses
Using an umbrella company means that you can claim allowable business expenses without the hassle of setting up a limited company.
Margin charged by Oasis Umbrella
We only retain a flat weekly margin if you are paid.
Your margin is related to the agreement we have with your agency and the gross margin is processed as an expense in order for you to benefit from additional tax and NI savings on your wages.
If you choose Umbrella Max, your margin includes our Rewards Package which gives you Personal Accident Cover, Friday Payments and discount shopping vouchers from major high street brands.
We are able to offer a professional HMRC compliant service, whatever competitive margin you pay, as we have invested heavily in automated systems that ensure invoicing, tax calculation and collections are promptly and accurately performed.
Call one of our experienced advisers now to find out what your margin would be and receive a personal illustration