Umbrella Company – the easy way to get paid as a contractor!

Are you a contractor or freelancer working on assignments? Join our simple payroll solution and get more time to focus on your work.

  • Create your account and you’re ready to start work for your client the same day
  • No hidden costs
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How does an umbrella company work?

  1. Skapa konto

    You have secured a contract assignment through a recruitment agency or directly with an end-client.

    You then create your client record and assignment in our portal.

  2. Skicka faktura

    You raise a timesheet and we invoice your end client.

    When your assignment is completed you record your timesheet. On submission, it will be converted into an invoice and sent to your client.

  3. Få ut lön skattad och klar

    We pay your salary, handling all taxes and deductions.

    When your client pays the invoice we will deduct income tax, national insurance and our margin, then pay you the rest as your net income.

Trusted by over 70,000 contractors and businesses





*) E.g. you raise a timesheet that stretch over one week or one month.

Why choose Cool Company?

  • Easy timesheet logging system, with everything in one place
  • Same day payments on all payments from your client
  • Personal support through phone, chat and email

PAYE done right!

  • All taxes and national insurance deductions made and reported to HMRC. Ensuring you’re compliant and free from risk – no self-assessments
  • Comprehensive insurance cover including Public Liability, Professional Indemnity and Employers Liability
  • Access to all employment rights including SSP, SMP/SPP and holiday pay
  • No more IR35 worries – when using an umbrella company you are outside the scope

Feedback from our users

Good Support & Service – If you want to work as consultant without setting up your own company, Cool Company is a very good choice.


Great service and very smooth payment system!


Some frequently asked questions

  • How much do I get paid?

    Once taxes, fees and the Cool Company Margin have been deducted, you receive your salary, which is between 60-70% of your invoiced amount, VAT excluded. With the salary calculator, you can easily check how much you will get as a salary.

  • When do I get my salary?

    You will receive your salary once your assignment giver has made the payment. All payment are made via same day payment and will usually be in your account within 24 hours.

  • What is the cost of using Cool Company?

    Our margin is £22.50 per week or £80.00 per month.

    Cool Company helps you with all of this:

    • Reporting and paying taxes, fees as well as VAT to the tax authorities
    • Paying your salary onto your account, with taxes already paid.
    • Bookkeeping
    • Insuring you
    • The markets easiest and safest Enterprise Resource
    • Planning
    • There are no fixed costs or hidden fees.
  • What is an umbrella company?

    An umbrella company is a company that employs agency contractors who work on temporary contract assignments, usually through recruitment agencies. Read more about how it works here.

  • Why should I join an umbrella company?

    An umbrella company accommodates contract workers who do not want to set up their own limited company or have responsibility for the administration of self-employment taxes. The umbrella company will be your employer and pay you via PAYE.

  • Be a contractor vs being an employee

    It is as simple with independent contracting as with a traditional job:

    • You are temporarily employed and receive a salary as an employee.
    • You don’t have to deal with all the administration.
    • We handle all the contact with the tax authorities.
    • We handle your payments such as taxes, fees and VAT.
    • On top of everything, you are ensured.

    What about the differences?

    When being an independent contractor, you can concentrate fully on your assignments. You can let go of all the administration that torments people who have their own companies.

Need some guidance?

Not sure how to create an account, complete your profile, create an assignment or raise a timesheet?

View our onboarding tutorials

Sign up with us today!

Join the 70,000 + contractors using our service. With no obligation or subscription fees, you have nothing to lose. All taxes paid for you. Easy, simple, peace of mind.