Is working through an Umbrella company right for you?

An umbrella company is ideal for fixed term term contracts and staying with the same umbrella gives you a continuous employment record and the right to statutory employment benefits.

Mordstone Umbrella would give you legal employee status. Working with an umbrella company is the simplest solution for most contractors as its much easier to acquire loans or a mortgage with a continuous employment record.

What type of benefits are available to me if I work through an Umbrella company?

At Mordstone Umbrella you will be entitled to Holiday Pay as well as Statutory Maternity/Paternity pay and Statutory Sick Pay as long as the statutory requirements are met. There are also contributions to your pension through Smart Pensions which is Mordstone Umbrellas chosen pension provider.

If I use an Umbrella company am I classed as self employed?

No, you will be regarded as an employee of the Umbrella company. Although you may be regarded as a contractor or freelancer both your employment and tax status, is that of an employee of the umbrella company. This is in contrast to a worker who operates as a sole trader or through a limited company (outside of IR35).

What deductions are made to my pay when employed by an umbrella company?

If PAYE then the usual income tax, national insurance contributions as well as pension contributions if deciding to stay opted in to Smart Pensions. Depends on individual circumstances student loan repayments could be deducted if applicable. The umbrellas company margin will be clearly shown on the payslip.

Is insurance included when working through Mordstone Umbrella?

Yes Mordstone Umbrella have Employers Liability Insurance, Public Liability insurance and also Professional Indemnity insurance which are included as cover the contractor.

How do I sign up with Mordstone Umbrella?

Registering with us is a simple process, please apply through the “Join Now” button to the top right of the screen. You’ll need to provide us with some personal information such as address, date of birth, NI number, bank details and also proof of ID. This is a legal requirement and needed in order to verify and pay you.