#PARASOL UMBRELLA PROFESSIONAL#
Dedicated professional support: The expert support team at Parasol is there for you when you need help.Compliance: Parasol is an FCSA accredited member.Long-established firm: Parasol is the UK’s leading umbrella provider – established over 20 years ago.Below are some of the key benefits they offer: There are lots of reasons to consider using Parasol if you’re a contractor. Benefits of using Parasol as your umbrella company
You also have the option to enrol in the Scottish Widows group pension scheme. They even pass on the employer’s national insurance savings, which isn’t always the case with umbrella companies. It works in a similar fashion to salary sacrifice schemes, so you get to enjoy the tax and national insurance saving benefits they provide. Parasol can incorporate employer’s contributions into existing private pension schemes that contractors have. The Parasol Rewards programme helps contractors make big savings on things like holidays or shopping trips by offering discounts and deals from some of the high street’s most reputable names. It’s a great way to ensure that you’re fully covered if anything happens during your work.Ĭontractors have the option to make the most out of their income by claiming for fully compliant, legitimate business expenses (where available). This incorporates things like employer’s liability, professional indemnity and public liability coverage. They have up to 5 operating payrolls at once, so you can rest assured that you’ll have funds available without having to wait for a pay period like with a standard employer.Īll contractors at Parasol receive a fully comprehensive insurance policy to cover them for up to £20,000,000. One of the ways that Parasol ensures you get your payments on time is by running multiple payrolls every working day. That way, you don’t have to worry about delayed funds or any missed payments. Provided they have all of your information by 5 pm, Parasol guarantees that payments are made to you via same-day payment. Getting paid on time is vital for any contractor, so the same-day payroll guarantee is an excellent way to provide peace of mind that your funds are available when you expect them to be. What’s more, the support team is available for six days a week (including Saturday) so they’re always available if you need their help.
They provide contractors with expert industry advice, support and guidance to make sure everything is set up and working as it should be. It also has functionality for things like timesheets and requesting holiday leave and if you need any assistance, you can request support directly from the online portal.Įmployment through an umbrella company is often a daunting concept for people new to the platform, which is why Parasol’s support team is so beneficial. It contains a number of useful features such as 24/7 access to various employment records and tax information. The online portal is Parasol’s hub for contractors. Here are some of the key features of Parasol’s umbrella service: They understand what contractors need to make their careers more dynamic and easy to manage. Parasol has been in operation since 2001, so they’re quite a well-established organisation. Parasol is a market-leading employment company that offers a number of key services for contractors via its pioneering umbrella payroll service.
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