Helping you decide

We understand that choosing between an umbrella company or a limited company can be a tough decision for contractors. That’s why we offer expert guidance to help you make the right decision based on your individual circumstances. Our team of experienced professionals can help you weigh the pros and cons of each option and find the best solution for your needs.

Umbrella FAQ 

What does it involve?

Contractors who join a compliant umbrella company are given a contract of employment, making them an employee of the business.

Why will this benefit me?

Joining a compliant umbrella company gives contractors the best of both worlds, providing them with the flexibility to work on assignment, while enjoying the same rights and benefits given to permanent employees. These include guaranteed hours of work, holiday pay, sick pay, maternity/paternity pay and access to a workplace pension – all that’s needed for added peace of mind.

What’s more, you will be able to claim legitimate business costs and expenses – as long as they’re incurred during an assignment. The types of costs and expenses that can be claimed and reimbursed are dependent on the type of assignment you’re working on and whether it’s subject to supervision, direction or control (SDC).

How does it work?

The umbrella company will pay the worker, having deducted Pay As You Earn (PAYE) income tax and National Insurance Contributions. It will also retain a margin to cover its costs and issue a payslip.

A contractor is paid after submitting timesheets, which are normally countersigned by the client. The umbrella company will use this information to bill the client for the work carried out. Payment will then be forwarded to the contractor, minus deductions – making the process as hassle-free as possible.

How do I choose?

If you decide to go down the umbrella route, the next step is to choose the right company to work with. While there are many different options, we understand that picking the one that supports you all the way throughout the assignment is key.

Why choose WellPay?

We understand that new contractors have a million and one things to think about. That’s why we’ll strive to make your life as hassle-free as possible.

We offer unrivalled levels of support and are always on hand to answer any queries you may have, and promise to be “with you all the way”.

Our clever online portal, My Well Pay , lets contractors submit timesheets, claim and log expenses and keep track of assignments – all in one place. After all, we know you’re not 9-5, and neither are we.

In addition, we also provide employees with industry-leading insurance, including Professional Indemnity, Employers’ Liability and Public Liability should you need it.

Hopefully, this has given you a better idea about what an umbrella company does. If you require further assistance, or would like more personalised advice about what Well Pay can do for you, please call 0161 637 0128 or email

Taking the Umbrella route

Running your own business can be daunting and very lonely and it might not be for you due to a number of different reasons. The Umbrella option in this instance becomes a lot more appealing than setting up a limited company.

One of the key benefits of using WellPay as your umbrella company is we handle your income tax and national insurance so you can focus on utilising your time on client work. 

Our people

A team of qualified tax advisers working tirelessly on your behalf


Everything is taken care of at WellPay, we look after employment, tax, legal and contracts  

NO Fees

Thre are ZERO setup fees and ZERO exit fees which means we dont tie you in and tie you up


WellPay umbrella offers complete security for your money built from years of experience

Fully compliant 

We take compliance really seriously and ensure that we are fully up to speed with tax and employment legislation

Staying connected 24/7

Everything we do in online and secure, you will have a portal and everything can be done using our app 


Dedicated support care team on hand to help you with issues or challanges that you may have 


Once your timesheets have been submitted and processed we provide same day payment 

Still unsure about the umbrella route?

Call: 0161 637 0128

Limited Company FAQ


Register your company through companies house you will then be set up as a limited company, you will then be a company director along with around 2 million active companies. There is a few other things like company payroll and registering the company for Corporation Tax and VAT but that’s where we can help.

Why will this benefit me?

One of the main benefits is your take home pay as running a limited company is the most tax efficient way to operate. Unlike a permanent or umbrella employee you pay yourself in the form of a basic salary and then the remainder is drawn down by dividends.

How do I choose?

It really depends on your circumstances and what you actually want to do for example if you only want to do temporary work for perhaps 12-15 months then it might be a better idea to go down the umbrella route, if you are thinking more longer term and want to have a pool of clients then a limited company set up may be best. To help you decide please feel free to Email or call us to help you make the right choice.  

Why choose Clearcut accounting?

Our sister company has more than a decade of hands on experience working and helping companies and contractors be more tax efficient and also supporting them with growth ambitions.

Taking the Limited route

If you have always wanted to own a business and run it then the limited route maybe a great option because it allows you to take home more pay and also clients feel more confident when dealing with limited company owners.

The risks are lower to you from a personal perspective because there is seperation between yourself and the company.


Speak with a qualified finance expert

Call: 0161 637 0128

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0161 637 0128

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Wellpay Group
Parkway Five
Emerson Business Centre
300 Princess Road
M14 7HR






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