As a contractor under M&D Umbrella Solutions company, you are employed by us, and we engage with your recruitment agency to assign you to various client projects.
Operating under the PAYE umbrella offers a straightforward and adaptable payment method. Taxes and National Insurance contributions are deducted at the source, and you contribute to an approved workplace pension scheme. Additionally, you are eligible for statutory benefits such as Statutory Sick Pay (SSP) and Maternity or Paternity Pay (SMP/SPP).
Employment with an umbrella company alleviates concerns about IR35, ensuring continuity of employment, which is essential for endeavors like applying for mortgages or other forms of financing.
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