Our website uses cookies to store information on your computer. You may delete and block all cookies from this site, but parts of the site will not work as a result. Find out more about how we use cookies.
(Do not show this message again)
Shout99 - News matters for freelancers
Search Shout99 - News matters for freelancers
(Advanced Search)
   Join Shout99  About Shout99   Sitemap   Contact Shout99 22nd Oct 2018
Forgot your password?
Shout99 - Freelancers, FO35, Section 660
New Users Click Here
Shout99 - Freelancers, FO35, Section 660
Shout99 - Freelancers, FO35, Section 660
Front Page
News...
Freelancers' Shop...
Ask an Expert...
Letters
Direct Contracts
Press Links
Question Time
The Clubhouse
Conference Hall...
News from Partners
Accountants

Login
Sitemap

Business Links

Shout99 - Freelancers, FO35, Section 660

Freelancers' Shop

Personal Financial Services
from ContractorFinancials

Mortgages

Pensions

ISAs

Income protection

... and more special offers for Shout99 readers in the Freelancers' Shop

Shout99 - Freelancers, FO35, Section 660
  
Shout99 - Freelancers, FO35, Section 660

News for the
Construction Industry

Hardhatter.com - News for small businesses in the construction industry

Powered by
Powered by Novacaster
Advertisement
Brookson

Updated guidance for umbrella workers
by Susie Hughes at 10:31 17/04/18 (News on Business)
Guidance has been updated for workers operating through umbrella companies to help them understand the ramifications, and their pay and tax positions.
Following the Matthew Taylor Report on Good work and his recommendation for more transparency, umbrella representative group, Prism and The Low Incomes Tax Reform Group produced a fact sheet aimed at workers engaged through umbrella companies.

Advertisement
The ‘working through an umbrella company’ factsheet offers guidance to those working through an umbrella company around their tax and employment status and provides practical tips to help them avoid any problems with their pay and deductions. It has been written with the low-paid in mind – recognising the specific risks that they may face when working through an umbrella company – but can also be applicable more widely.

The factsheet covers a range of issues on which workers are likely to have questions including holiday entitlement and other employment right issues, the availability (or otherwise) of travel expense relief and why they may have been handed over to an umbrella company by an agency in the first place. It includes a diagram explaining how umbrella companies work, a sample payslip to help demystify the sometimes confusing payslip entries and links to more help.

It also includes a ‘ready reckoner’ to help workers understand whether the rewards they are being offered through an umbrella company are roughly equivalent to what they might have otherwise received, once the various deductions the umbrella company has to make have been considered. This has been updated to reflect the changes in National Minimum Wage.

Crawford Temple, CEO of PRISM, said: "Since the launch of this document many providers and recruitment companies now supply this to all workers looking to use umbrella company services. The clarity it brings has resulted in reduced calls to helplines and a broader understanding of associated rights and how an umbrella company operates."

A copy of the Working Through an Umbrella Company factsheet is available on the PRISM website.

--
If you wish to comment on this article, please log in and use the Reply button below. Registering is free and easy - see 'Join Shout99'.
-
Susie Hughes © Shout99 2018

Printer Version

Mail this to a friend

Copyright 1999-2018, Shout99.com | All Rights Reserved
Privacy Notice and Terms of Use
 

Advertisements
advert
advert
advert
advert