One of the downsides to being self-employed is that you don’t get sick pay or holiday pay. You have to save your money to get you when you need a break or take time off work. If you’re a contractor and use an umbrella company,this company will pay you holiday pay. They’re obligated to do this since they act as your employer and so have to follow the requirements for things employers have to provide for employees. Read on if you would like to find out how it works for contractors.
Using an umbrella company makes you a PAYE employee. All fulltime PAYE employees are entitled to 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 contained in these 28 days. {If you work fewer days or you don’t work for the entire year
