Knowledge Base
Umbrella Companies for Engineers
01 April, 2010
As an engineering contractor, an Umbrella Company can offer a range of benefits over setting up a limited company.
The Contractor Solutions Umbrella Company becomes your employer and operates on a weekly or monthly timesheet basis, handling all contracts, invoicing, payments, tax and national insurance in return for a small weekly fee.
Our Umbrella Company for Engineers offers the following benefits:
- Tax-deductible weekly management fee paid only when you’re working
- Within 48 hours of receiving client’s payments, a transfer is made to your bank account
- Customer support team available to speak to any time
- Online time-sheets, expenses, paying and project tracking.
- Discounted Private Healthcare, Critical Illness & Travel Insurance
- Tax deductable Stakeholder Pension
- Insurance Cover
- Statutory Employee Benefits
- HMRC compliant & professional services
- Travel, meals and accommodation expenses
- No set-up fee, no exit fee, no minimum terms