Blog

As we enter 2025, this article provides an overview of the UK's economic performance in December 2024, focusing on overall growth, markets, retail sales and wages. Please keep reading for more information.

We will operate as usual until the end of Christmas Eve (24th December, 09:00 – 17:30). However, during the festive period, our office will be open for reduced hours, as summarised below.

Umbrella companies are a popular method of payroll for nurses and healthcare professionals working on temporary assignments (inside IR35). However, before registering with an umbrella company, it’s important to understand how they work and what the benefits are when you engage with a compliant umbrella. In this article, we’ve focused on 5 tips for nurses and healthcare professionals when searching for an umbrella company.

Interested in keeping up to date with the latest economic performance information impacting businesses and households in the UK? This month's economic review focuses on the developments that arose in November 2024. Keep reading for more information.

Chancellor Rachel Reeves announced in the Budget 2024 (Wednesday 30th October 2024) that the Employer’s National Insurance rate will increase from 13.8% to 15% from April 2025. In the article, we examine the potential implications of this increase on umbrella company employees and provide some examples. We also offer advice to umbrella employees to help ensure the rise has a minimal impact on their take-home pay.

The Churchill Knight Group has been acquired by Magi GJJ – a group of business professionals with extensive experience of building recruitment and recruitment payroll business portfolios, who are thrilled to be part of the exciting next chapter of our group of company’s growth. The new takeover will have zero impact on the Churchill Knight Group’s operations, and it is business as usual. Keep reading to learn more.

Today (30th October 2024), the Chancellor of the Exchequer, Rachel Reeves, presented Labour’s first Budget in 14 years to Parliament. The Autumn Budget 2024 pledges to raise around £40bn for government programmes focused on "national renewal" and narrowing the growing "black hole" in public finances. Our latest article highlights the key announcements in the Autumn Budget 2024.

As part of a pension salary sacrifice arrangement, you agree to give up a percentage or fixed amount of your salary in order for your employer (for example, your umbrella company), to make a larger contribution to your personal pension pot. Continue reading as our latest article discusses the benefits of pension salary sacrifice.

Our latest article provides an economic review of September 2024. It explores key areas such as the growth of the UK’s economy, interest rates set to gradually decrease, national debt, and the latest in the global markets.

As an umbrella company employee, the Pay As Your Earn (PAYE) system automatically deducts tax from your wages. However, there are instances where you will be required to submit a tax return to HMRC. Continue reading to discover when contractors using an umbrella company need to submit a self-assessment tax return.