UMBRELLA ACCOUNTANTS IS THE OBVIOUS CHOICE FOR CONTRACTORS WHO WANT TO MAXIMISE THEIR INCOME WITH SIMPLE, LOW COST, FIXED FEE ACCOUNTANCY SOLUTIONS

Tax Factsheet

Check here for the latest tax information changed as and when the relevant legislation changes

2020/2021

Income Tax Rates

UK%Bandwidth
Basic Rate20%£1 to £37,500
Higher Rate40%£37,501 to £150,000
Additional Rate45%£150,001 and above
Scottish Rate  
Starter Rate19%£1 to £2,049
Basic Rate20%£2,050 to £12,444
Intermediate Rate21%£12,445 to £30,930
Higher Rate41%£30,931 to £150,000
Top Rate46%£150,001 and above

National Insurance Contributions

Pay Frequency
Lower
Earnings Limit
Primary
Earnings Threshold
Secondary Earnings Threshold
Upper
Earnings Threshold
Weekly£120£183£169£962
Monthly£520£792£732£4,167
Annual£6,240£9,500£8,788£50,000

 

Category Letter
Employee
earnings above PT up to UEL
Employee Earnings above UEL
Employer
Earnings above ST to UEL
Employer
Earnings above UEL
A12%2%13.8%13.8%
B5.85%2%13.8%13.8%
C0%0%13.8%13.8%
H12%2%0%13.8%
J2%2%13.8%13.8%
M12%2%0%13.8%
Z2%2%0%13.8%

 

  • Having recently closed my limited company, Umbrella helped throughout the process and provided clear advice. Special mention to Nicola Worthington for answering my questions and sorting out my final returns in a professional and friendly manner. RB 7 October 2020

  • I had great service from Umbrella - particularly Nicola Worthington who calculated and submitted my self-assessment. She was easy to work with, kept me informed and submitted my assessment way before it was due. Dale N 22 Sep 2020

  • Having started my own journey into the interim market, I chose umbrella accountants to take care of the financial matters, not only are they excellent, swift, professional and precise. Nicola goes above and beyond to assist help advise resolve and guide, she has been outstanding! excellent business and team...! Highly rated. Jason 17 Sep 2020

  • I have been with Umbrella for the last 3 years. I had a great experience working with Nicola​ Worthington. She is knowledgeable, professional and very helpful with all round personal and company tax queries, I would highly recommend Umbrella. Simon 15 Sep 2020

  • Over the past 4 years. Umbrella, have acted on my behalf. During these years. I am pleased to report that I never had any issues with the service provided. The staff members are knowledgeable, helpful and polite. If, in the future I required an accountancy service. I would re-engage with Umbrella. D Timperley June 2020

  • Umbrella.co.uk recommended. I have been with Umbrella for three years using both their umbrella payroll and their Ltd company accountancy services. I can recommend them to anyone. Excellent, helpful and always friendly. Sean R March 2020

  • Overall experience of dealing with Umbrella.co.uk was absolutely fantastic. This was my first time going into contracting and they were there every step of the way. When I had question or queries - they were answered without any delays and someone was always there to assist. The whole online portal they use is very good too. Overall experience was excellent - highly recommended. JS February 2020

  • Efficient, professional and reliable. I have used Umbrella accounting services for over five years both as a PAYE contractor and as a contractor through my limited company. In both instances, I have found Umbrella employees to be helpful, knowledgeable, and professional. They are very reliable especially with payments and paperwork. I totally recommend their services. FC December 2019

  • Very Good level of Service. Always paid on time and any issues/questions were dealt with swiftly.Would recommend Umbrella.co.uk C Ison September 2019

  • Great efficiency and great turnaround speed of service in doing my accountancy self assessment tax returns that made it quite stress free. Very happy with Micaela's work I would highly recommend Thanks. Teresa January 2019