
Understanding Umbrella Company for Locums
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Umbrella Company for Locums Guide
Umbrella companies offer locums an alternative to self-employment or limited companies, handling tax, insurance, and administrative tasks, simplifying your financial management.
Simplifying Locum Payments
Our services help locums understand and optimise their relationship with umbrella companies, ensuring compliance and maximising financial benefits under this structure.
Here are some of the areas that we can help Locum GPs
- Locum Payroll
- Accounting and Tax for Locums
- Tax Expenses and Claims
- NHS Pension Review Scheme
- Tax Enquiry Protection
Advantages of Umbrella Companies
Umbrella companies can be advantageous for locums, offering simplified payment processing and insurance coverage, while also ensuring compliance with IR35 regulations.
- Streamlined invoicing and payment handling.
- Automatic tax and National Insurance deductions.
- Provision of necessary insurances.
- Reduced administrative responsibilities.
- Potential access to additional benefits like pension schemes.
- Avoidance of complicated tax schemes.


Tailored Umbrella Company Strategies
We provide bespoke advice for locums considering an umbrella company, evaluating your contracts and financial goals. Our expertise helps you navigate the complexities of umbrella companies, ensuring you understand both the benefits and limitations, particularly concerning NHS pension contributions and tax efficiency.
“They show a high level of integrity and I value that”
Khalid Ismail, General Practitioner of over 30 years and Senior Partner of South Lewisham Group Practice in South East London explains what he values the most from working with our Nichols & Co team and how we support their medical practice.
Get in touch
Contact us for specialist medical accountancy services for Locums
If you’re looking to plan your finances for the future or trying to find an answer to a problem then get in touch today.
Telephone: 020 8850 3300
We’re open from 9am to 5pm Monday to Friday. We are closed on bank holidays.
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