The budget announced that the National Minimum Wage will increase in October 2014. Umbrella Company employees are paid at the National Minimum Wage Rate, a reimbursement of allowable expenses and a bonus or commission based on the surplus they generate. An increase in the national minimum wage can affect lower paid contractors meaning that if they fail to generate adequate income then they may not be eligible for the whole of their tax free expenses. 

Umbrella.co.uk
Editor | 14 March 2014
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We are proud to announce our official re-brand! After the acquisition of umbrella.co.uk, Paymatters Limited has undergone an evolutionary re-brand to become Umbrella!

Umbrella.co.uk have reviewed the 2014 Budget Statement for any key issues affecting UK contractors.

Editor | 12 March 2014
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We are delighted to announce that following the successful acquisition of umbrella.co.uk PayMatters Limited are going to be going through an exciting rebrand to Umbrella.