Why Do Contractors Pay Employer’s National Insurance? | Umbrella Company Explained скачать в хорошем качестве

Why Do Contractors Pay Employer’s National Insurance? | Umbrella Company Explained

Confused about why contractors see Employer’s National Insurance (NIC) deducted from their pay when using an umbrella company? In this video, we break down how umbrella payroll works, why Employer’s NIC is a legal requirement, and how your contract rate is uplifted to cover this cost. Discover: The difference between employee and employer NIC contributions. Why umbrella companies act as your employer for payroll, even though they don’t benefit from your work. How recruitment agencies adjust your contract rate to include Employer’s NIC, holiday pay, and umbrella fees. Why these deductions appear on your payslip and how transparent umbrella companies handle them. Whether you’re new to contracting or just want to understand your payslip, this guide will help you see exactly where your money goes and why these deductions are necessary. Don’t miss out-get clarity on National Insurance as a contractor today! #Contractors #NationalInsurance #UmbrellaCompany #PayrollExplained #ContractorPay #EmployersNIC #TaxTips #FreelancerFinance #PAYE #UmbrellaPayroll