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 Rate | 20% | £1 to £37,500 |
| Higher Rate | 40% | £37,501 to £150,000 |
| Additional Rate | 45% | £150,001 and above |
| Scottish Rate | ||
| Starter Rate | 19% | £1 to £2,049 |
| Basic Rate | 20% | £2,050 to £12,444 |
| Intermediate Rate | 21% | £12,445 to £30,930 |
| Higher Rate | 41% | £30,931 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 | £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 |
| 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% |
-
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
-
Great accountants and fantastic team always on the ball Richard P May 2019
-
Great service, the staff are always professional and always willing to help. L Thomas May 2019
-
Very professional and a joy to deal with. Louise D May 2019
-
I have used umbrella.co.uk both as accountants for my limited company and as an umbrella company. Support has been excellent and payments on time. I would say that they are a little more expensive than others for their services, but cannot fault them and their staff's professionalism and courtesy. Nigel June 2019
