Holiday pay and umbrella companies – the facts

One of the drawbacks to being self-employed is that you don’t get holiday pay or sick pay. You have to save your money to get you or take time off work when you will need a break. But if you are a contractor and use an umbrella company,this company will cover you holiday pay. They’re obligated to do this since they act as your employer and so have to follow the requirements for matters companies have to provide for employees. Read on if you want to discover how it works for contractors.

Using an umbrella company makes you a PAYE employee. All fulltime PAYE employees are eligible for 5.6 weeks paid holiday every year. In other words,you get 28 days of paid holiday,which is 5.6 times the standard 5-day working week. Bank holidays might or might not be contained in these 28 days. {If you work days or you do not work for the year

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