What is Orbital Umbrella?
An Umbrella company allows contractors to have the benefit of using a PAYE based pay system, and saves the hassle and paperwork involved in having to set up as self employed or a limited company. One of the benefits of using an Umbrella solution is the ability to claim legitimate business expenses on a weekly basis to reduce your taxable income. Another benefit of using Orbital is that we provide an explainable and legitimate approach to the system making sure that we are always working within HMRC guidelines and not promoting bad advice or promises we cannot keep. One common example of bad practice that you may see advertised by some operators is the promise of 85% or more retention of your income. Although it is possible to increase net pay through claiming expenses, it is virtually impossible to achieve the 85% retention in a legitimate manner and this should alert you to the possibility of fraudulent expense claims to boost take home pay. We therefore ensure that all expense claims are 100% wholly incurred and that you are paid in a correct and legal way.
What industry sectors does Umbrella cover?
The Umbrella system covers pretty much any industry e.g. construction, engineering, telecoms, IT, medical, teaching, oil & petrochemical, HGV driving etc.
How do I get started?
Once you have agreed your assignment details with your agency, we would simply need you to fill our registration form and contract for services, and send it back to us with a copy of some ID for the purpose of the ETW (Eligibility to work in the UK). We would also need you to complete a P46 form if you do not have your P45 from your last employer.
How does Umbrella work in
conjunction with expenses?
The Umbrella system works by allowing you to have the benefits of a normal PAYE payroll but with the advantage of being able to claim legitimate business expenses on a weekly basis. These expenses are included to reduce your taxable income. For more information please go to the 'Expenses Explained' and 'How Your Net Pay Is Calculated' sections on this website.
What Are The Costs?
Our mark-up fee for processing your Umbrella payments, are amongst the cheapest in the UK market:
£11 - earnings below £300 Gross
£15 - earnings £300+ Gross
£25 - monthly Gross income.
Am I Insured When On Assignment?
Yes, we provide full insurance cover as standard when you are on assignment. This includes Public/Employers liability, Personal Accident and Professional Indemnity.
Do I Get Holiday Pay?
Yes, you are entitled to 28 days holiday (inclusive of bank holidays) per year, pro-rata to the weeks you actually work. All holiday pay is accrued at 12.07% of your actual earned income.
Do I Get A Payslip?
Yes, we issue an itemised payslip with the emphasis being that it is both understandable and explainable. We also send an SMS text message showing your Net pay every week.
What Happens If I Finish Work?
We would just need you to contact us if you were out of work and not quite sure when your next contract was starting. On your request we would issue a P45 and pay any outstanding funds to your account. You would be able to re-join at any time, but would be required to fill in registration documents again if you had been P45'd.
Who Takes Care of my
PAYE and NI Contributions?
We do. All liabilities for PAYE and NI are deducted at source and paid over to the Inland Revenue. This means that you don't have to worry about any unpaid bills and are working within current legislation.