An umbrella company employs professional contractors who carry out assignments for recruitment agencies and / or end-clients.
You will receive full employment rights under PAYE. Bright Sky makes your Pay As You Earn (“PAYE”) and National Insurance (“NI”) deductions for you. Due to legislation Bright Sky’s PAYE umbrella service is the simplest solution for most contractors, as you are unable to claim expenses there will be paperwork required and with no unexpected tax bills you have the flexibility of contracting with the security of being employed, so you still have access to a state pension, statutory sick pay, holiday pay and maternity / paternity pay.
You will register as an employee under our umbrella, Bright Sky will receive your hours each week from your agency, deduct the taxes, retain a margin* and forward the net pay direct to your bank account.
Bright Sky will text you your pay amount so you know what funds you will be receiving and will ensure you receive a weekly payslip showing all the relevant deductions.
*Margins start from £15 per week.