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
2021/2022
Income Tax Rates
| UK | % | Bandwidth |
| Basic Rate | 20% | £1 to £37,700 |
| Higher Rate | 40% | £37,701 to £150,000 |
| Additional Rate | 45% | £150,001 and above |
| Scottish Rate | ||
| Starter Rate | 19% | £1 to £2,097 |
| Basic Rate | 20% | £2,098 to £12,726 |
| Intermediate Rate | 21% | £12,727 to £31,092 |
| Higher Rate | 41% | £31,093 to £150,000 |
| Top Rate | 46% | £150,001 and above |
National Insurance Contributions
| Pay Frequency | Lower Earnings Limit | Primary Earnings Threshold | Secondary Earnings Threshold | Upper Earnings Threshold |
| Weekly | £120 | £184 | £170 | £967 |
| Monthly | £520 | £797 | £737 | £4,189 |
| Annual | £6,240 | £9,568 | £8,840 | £50,270 |
| Category Letter | Employee earnings above PT up to UEL | Employee Earnings above UEL | Employer Earnings above ST to UEL | Employer Earnings above UEL |
| A | 12% | 2% | 13.8% | 13.8% |
| B | 5.85% | 2% | 13.8% | 13.8% |
| C | 0% | 0% | 13.8% | 13.8% |
| H | 12% | 2% | 0% | 13.8% |
| J | 2% | 2% | 13.8% | 13.8% |
| M | 12% | 2% | 0% | 13.8% |
| Z | 2% | 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.ukC 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
