Umbrella Company Pension
Two tax-efficient contributions into your pension — both employer and employee. As an umbrella worker, you have complete control over both contribution levels.
About your Pension
No Worries Umbrella partners with Smart Pension to provide our pension service. Our payroll system is fully integrated with Smart Pension, offering you exceptional flexibility in managing your pension contributions.
All new No Worries Umbrella employees are automatically enrolled with Smart Pension when they first join us. This is a requirement of the Pensions Regulator. Each new employee will be contacted directly by Smart Pension to welcome them to the pension service, and to set up their online account.
For those employees with Smart Pension, pension contributions are deducted from every payslip, and this information is reported across to Smart Pension each week. Then once per month, Smart Pension will collect the pension contributions our payroll has deducted, and distribute those funds into each individual pension account.
You Earn
We Deduct & Report
Smart Pension Invests
How it Works
Pension contributions calculated on a qualifying earnings basis.
No Worries Umbrella operates pension contributions on a qualifying earnings basis. This means that weekly income between £120 and £967 (for weekly paid employees) is subject to our pension contributions calculation. For monthly paid employees the qualifying earnings band is from £520 to £4,189.
Worked Example
If you are a weekly paid employee with a gross earning of £600, using the default contribution rates of 3% employer and 5% employee:
Flexible Rates
Salary Sacrifice
Up to 100%
Change Anytime
Pension Planning
Our software integration with Smart Pension means we operate an incredibly flexible pension product for our umbrella workers. You can change your contribution percentages whenever you like, to whatever thresholds you choose — up to 100% maximum.
You can also choose a salary sacrifice arrangement where all your pension deductions are taken as employer’s contributions, or you can have a mixture of both employer’s and employee’s contributions. This gives you greater tax efficiency and control over your retirement savings.
Why Smart Pension?
The pension products and tech options available made Smart Pension an ideal match for our umbrella workers.
Cutting-Edge Technology
A fast, easy-to-use, modern service that helps you save and plan for your future.
Independent Trustees
A group of independent trustees manage your pension scheme, looking after your interests and working for you.
Global Financial Backing
Investments received from global financial giants including Barclays, J.P. Morgan, Natixis, Link Group and Legal & General.
Mobile App
Manage your pension savings anywhere, at any time with the tap of a finger. Available on the App Store and Google Play.
Smart Rewards
Free, unlimited access to over 1,400 discounts at major retailers across the UK. You could save over £600 a year.
Simple Charges
A 0.30% annual management charge for all but four funds and a £1.25 per month fixed charge. Transparent and straightforward.
Dedicated Member Area
Access the Smart Pension member area online, receive a simplified two-page annual statement, and join member webinars to hear from trustees.
Contact Me
Don’t have time to read through the details? No problem — just drop us your info and we’ll take it from there.
Choose to have one of our friendly team give you a call, or we can send you an introductory email with everything you need to know — straight to your inbox, ready when you are.
It only takes 15 seconds. Fill in the form and let us do the rest.
Contact me
Ready to Get Started?
Join hundreds of contractors who trust us with their payroll and pension every week. We’ve been doing this since 2014 — you’re in safe hands.
Set up takes about 10 minutes. If you have any questions about your pension options, our friendly team is here to help.