If you haven't used an umbrella company before, you might be wondering what the benefits are.
We don't believe in any pressure tactics to get people registered, and really want our contractors to understand the benefits for them.
An umbrella company will be recommended for most temporary workers engaged via a recruitment agency. There are several reasons for using an umbrella company, so we have highlighted what we think the biggest value-adds are below.
- Flexible working with no long term commitment
- No long term contracts, and no minimum tie in with Nasa Umbrella
- This allows you to move to other employments as and when you need to with only the need to service notice against the term defined in your assignment schedule, not an unnecessary tie in from the umbrella
- Less administration
- Nasa Umbrella will pick up the administration in relation to contracts, and ensure the contract terms are in your best interests
- Nasa Umbrella will also do additional checks throughout your assignment to ensure compliance, like comparing AWR data, checking holiday days, and ensuring your pay meets minimum wage regulations.
- Employee Benefits
- As standard, Nasa offer additional Employee Benefits via our partner platform, with access to all sorts of shopping discounts, vouchers and cashback deals
- We also have a new broader rewards platform being released in late 2023
- Continued employment between assignments
- This means less administration with HMRC, as your employment continues between different assignments that you may have with different clients
- If you no longer have a live assignment we'll typically close your account after 6 weeks without pay, but can get you started again with no hassle at all
- Access to statutory benefits, like SSP, SMP and SPP
- If you need to claim for any of the above you'll just need to contact our Payroll Team, and they will check your eligibility
- SIPP contributions to your own private pension scheme
- SIPP contributions via salary sacrifice can save thousands of ££ per annum
- Nasa Umbrella have a flexible scheme in place, which allows you to change values paid, providers, and stop contributions at any time
- No unexpected tax bills
- All reporting to HMRC is done automatically, by us
- We'll supply you with the necessary employment documents throughout the year too, should you need to complete your own self-assessment for other reasons (P45, P60)
- Access to additional services
- Our partner company Nasa Consulting LTD provides a full suite of support for those moving to self-employed work, or if you need support alongside your umbrella payments
- Need a self-assessment? We can help! Drop us an email and we'll let you know what we need, when, and how much this will cost
- We are also pleased to be able to recommend Professional Contractor Mortgages as our partnered Mortgage Advisor
- Looking for a new SIPP? We're also partnered with iiSIPP, who offer one of the top rated and lowest cost pension accounts on the market. Find out more here.