Umbrella Company FAQ’s
At Redego, we get asked the same umbrella company related questions on an almost daily basis. We find that agencies often tell contractors that they have to use an Umbrella Company, but give them no information as to what one is! We have therefore complied a list of questions that we are asked the most frequently. If you need any further information on any of the questions below, or you think we have missed a question on, please get in touch and we will endeavour to answer it!
- What is an Umbrella Company?
- What is my relationship to my Umbrella Company?
- IR35- what is it?
- What is a dispensation, and does Redego have one?
- I am new to the UK- can I use an Umbrella Company?
- What tax do I pay if I work through an Umbrella Company?
- What is the 24 month rule?
- What insurances do Umbrella Companies provide?
- Should I opt in or opt out of the employment agency and employment business regulations 2003?
- What is an Overarching Employment Contract?
- What is the difference between a BACS and a CHAPS payment?
- What is a Managed Service Company (MSC)?
- Do I need to keep receipts?
- What expenses can I claim through an Umbrella Company?
- Am I entitled to holiday and sick pay?


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