How much do umbrella companies charge?
The amount of money charged by an umbrella company, does vary per country and branch. But within the world of umbrella companies, there are two main charging structures:
- A weekly or monthly fee: a fixed fee will be charged by the umbrella company for using its services. Most PAYE umbrella schemes have a fixed-fee structure. They let you know what the gross fee is, as well as the fee net of tax.
- A proportion of the value of your invoices: some umbrella companies deduct a fixed percentage of any invoices raised as a fee.
Normally, you will be charged a weekly or monthly fee for using an umbrella company for its services. Our services charge at a rate of 3 percent of the total wage. This fee includes the application for a social security number for EU residents.