PAYE Umbrella is a payroll mechanism which involves a third party employing agency contractors who work under a fixed term contract assignment. The Umbrella company takes away part of the employment cost from the recruitment agency, passing it onto the worker and in turn, processing each employee’s expenses to alleviate the effect of this additional cost. - See more at: http://pluspay.uk.com/traditional-paye-umbrella-solutions-are-no-longer-delivering-optimum-returns-for-contractor/#sthash.inO56mQ4.dpuf
