How You Will Get Paid Through an IR35 Umbrella Company

The process that is used for helping you to get paid through an IR35 umbrella company goes beyond just making out and sending in a timesheet to your contractor umbrella. It involves many practices that your IR35 umbrella company will have to deal with.

For example, an IR35 umbrella company will have to take your invoice and raise it up to your recruitment agency. After the agency receives it the group will have to pay the money out to your contractor umbrella.

The provider that has your IR35 umbrella will then have to calculate all taxes that go into your money. These include administration costs, National Insurance contributions and other taxes.

After this is done the contractor umbrella will send out money through Bankers’ Automated Clearing Services. This is so the money can be checked and then cleared after a few days. It will generally take three or four days for this part of the process to work.