Umbrella Paye System
Umbrella company consists of simply paying an Independent Consultant with the added benefits of handelling the administration. No need to create a company, you are simply an employee of the company. Every month, the company bills on your behalf, collects the money and pays you a regular salary.
You will contribute to the same funds (retirement, welfare, unemployment, NI etc.) and preserve the transitional rights of the employee. The consultant can have one or more clients, several commercial contracts and refine everything on one payroll.
The commercial salary will rather be a service allowing the big groups to be able to centralize all of their independent consultants on one and the same administrative service provider who will manage the invoicing and the payment of the individual companies with which it works.
This corresponds more to product service with the Purchasing Department of Companies. The set of independent consultants in commercially formed and even payroll will go through this unique billing structure. Its vocation is mainly administrative and manages the invoices of the Independent Consultants, the payment of these and the raises.