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When you use a recruitment business to find you a new contract, you usually have a couple of options available to you in terms of how you are paid. The agency may, for example, pay you directly on their payroll. Alternatively, they may suggest you become an employee of an Umbrella company. In more limited circumstances, and based on many different factors, it could be an option for you to start your own business via a limited company.
Should contractors choose an umbrella company or a limited company? It’s a common dilemma, whether you're just starting out or further along in your career. So, which option is best for you? What's the difference between the two, or does it come down to the type of contract and your priorities? This short video will break it all down, helping you make an informed decision between umbrella vs limited.
Choosing the right path can be tricky, but at PayStream, we’re here to find the best fit for you. Our umbrella company offers timely payments, HMRC compliance, and employee perks, while our tailored accountancy services support your limited company. Check out our Umbrella vs Limited Company infographic to help you decide!
