One of the drawbacks to being self-employed is that you don’t get holiday pay or sick pay. You have to save your own money take time off work when you need a rest or to get you. If you’re a contractor and use an umbrella company,this company will cover you holiday pay. They are obligated to do this because they act as your employer and so need to follow the requirements for things companies have to provide for employees. Read on if you would like to discover how it works for contractors.
Using an umbrella company makes you a PAYE employee. All full-time PAYE employees are eligible for 5.6 weeks paid holiday each year. To put it differently,you get 28 days of paid holiday,which is 5.6 times the typical 5-day working week. Bank holidays might or might not be included in these 28 days. {If you work days or you do not work for the entire year