KEY INFORMATION DOCUMENT
This document sets out key information about your relationship with Morgan McKinley when you engage via an Umbrella Company. This document can be used in order to help you make an informed decision before commencing on an assignment.
An umbrella company acts as an employer for contractors working in the temporary market. The umbrella company will collect funds from Morgan McKinley and deduct both employer and employee statutory contributions before processing net payment to you:
Deductions from Umbrella Income Required by Law:
In recent years the market for Umbrella companies has changed dramatically, this has mainly been due to numerous companies acting unlawfully and not meeting requirements relating to the use of onshore intermediaries. This has led to an increased focus on compliance, which as a result has led Morgan McKinley to only engage with a select number of Umbrella companies, which are both FCSA and APSCo approved.
Once you have been successful in an assignment we ask you to ensure you get a full breakdown from your chosen umbrella company before confirming your engagement method. Each umbrella company will operate differently so it is imperative you conduct your own due-diligence. The information below is purely for information purposes and is not specific to any one assignment or individual.
The Employment Agency Standards (EAS) Inspectorate is the government authority responsible for the enforcement of certain agency worker rights. You can raise any concerns with them directly using the contact details below: 020 7215 5000 or eas@beis.gov.uk
It is imperative that recruitment agencies work with companies that are financially robust and have adapted to be in accordance with all recent legislative and regulatory changes and requirements. As a result, Morgan McKinley only engages with the following pre-approved Umbrella companies. Regretfully Morgan McKinley does not engage with any Umbrella providers outside of our approved list and will not be able to offer any additional contracts. Our approved Umbrella providers have industry accreditations with the FCSA and are audited annually by external bodies reducing the likelihood of compliance issues, including those around the Criminal Finances Act.
Please select the umbrella company name below to view their key information document:
Brookson Solutions Limited
| Name of Employer | Brookson Solutions Limited |
| Type of Contract Engaged Under | Contract for services |
| Who will be responsible for paying you | Brookson Solutions Limited |
| How often will the umbrella and you be paid | Weekly |
| Any Business connection between the umbrella company, the employment business and the person responsible for paying you | No |
| Expected or minimum gross rate of pay transferred to the umbrella company from Morgan McKinley | As agreed with Morgan McKinley, no lower than national minimum wage. For the purpose of the KID rate of pay will be £100 per day |
| Deductions from umbrella income required by law | Employers National Insurance and Apprenticeship Levy and Employers Pension contribution of 3 % of qualifying earnings if enrolled |
| Any other deductions from umbrella income (to include amounts or how they are calculated) | Umbrella company margin of £18 per week |
| Expected or minimum rate of pay to you | As agreed with Morgan McKinley, no lower than national minimum wage. For the purpose of the KID rate of pay will be £100 per day |
| Deductions from your wage required by law | Employee National Insurance, PAYE Income tax and Employees Pension contribution of 5 % of qualifying earnings if enrolled |
| Any other deductions or costs taken from your wage (to include amounts or how they are calculated) | Where directed by HMRC deductions for student loan repayments or attachment of earnings orders. |
| Any fees for goods or services | None |
| Holiday entitlement and pay | Statutory Holiday pay as a minimum, 20 days annual leave plus 8 bank holidays per annum (12.07%). Workers receive holiday pay in advance with their hours and therefore holiday pay is included in the example net take home calculation below. In accordance with Agency Workers Regulations 2010 there may be an increase in holiday if the companies holiday is higher than statutory. |
| Additional benefits | Access to Remus Awards |
| Ad-hoc information | None |
Weekly Pay
| Brookson Solutions Limited | Umbrella fees | Worker Fees |
| Example gross rate of pay to umbrella company from Morgan McKinley | £500 (£100 daily rate x 5 days per week) | |
| Deductions from umbrella income required by law | £39.17 (Employers National Insurance £36.96 and Apprenticeship Levy £2.21) | |
| Any other deductions from umbrella income (to include amounts or how they are calculated) | £18 Brookson Margin | |
| Example rate of pay to you | | £442.83 |
| Deductions from your pay required by law | | £60.30 (PAYE Income Tax £40.22 and Employee National Insurance £20.08) |
| Any other deductions or costs take from your pay | | £0 |
| Any fees for goods or services | | £0 |
| Example net take home pay | | £382.53 |
Giant Professional Limited
| Name of Employer | Giant Professional Limited |
| Type of Contract Engaged Under | Contract of Employment |
| Who will be responsible for paying you | Giant Professional Limited |
| How often will the umbrella and you be paid | Weekly |
| Any Business connection between the umbrella company, the employment business and the person responsible for paying you | No |
| Expected or minimum gross rate of pay transferred to the umbrella company from Morgan McKinley | As agreed with Morgan McKinley, no lower than national minimum wage. For the purpose of the KID rate of pay will be £100 per day |
| Deductions from umbrella income required by law | Employers National Insurance, Apprenticeship Levy and Employers Pension contribution of 4% of national minimum wage if enrolled |
| Any other deductions from umbrella income (to include amounts or how they are calculated) | Umbrella company margin of £18 per week; employee business expenses; optional umbrella plus package margin of £21.75 per week if upgraded from the standard £18 margin package; optional umbrella premium package margin of £39.50 per week if upgraded from the standard £18 margin package |
| Expected or minimum rate of pay to you | As agreed with Morgan McKinley, no lower than national minimum wage. For the purpose of the KID rate of pay will be £100 per day |
| Deductions from your wage required by law | Employee National Insurance, PAYE Income tax and employee pension contribution at 4% of national minimum wage if enrolled |
| Any other deductions or costs taken from your wage (to include amounts or how they are calculated) | Where directed by HMRC deductions for student loan repayments or attachment of earnings orders. |
| Any fees for goods or services | None |
| Holiday entitlement and pay | Statutory Holiday pay as a minimum, 20 days annual leave plus 8 bank holidays per annum (12.07%) applied on a pro rata basis. Holiday pay is paid in advance of time off in every payroll which means you will not receive any additional payment when leave is taken unless you specify you would like to accrue your holiday pay to be retained and paid as leave taken. In the example net take home calculation below holiday pay is paid in advance. In accordance with Agency Workers Regulations 2010 there may be an increase in holiday if the companies holiday is higher than statutory. The holiday is included in the example pay calculation. |
| Additional benefits | None |
| Ad-hoc information | Opted out of regulation 32 |
Weekly Pay
| Giant Professional Limited | Umbrella fees | Worker Fees |
| Example gross rate of pay to umbrella company from Morgan McKinley | £500 (£100 daily rate x 5 days per week) | |
| Deductions from umbrella income required by law | £44 (£42 Employers National Insurance, £2 Apprenticeship Levy) | |
| Any other deductions from umbrella income (to include amounts or how they are calculated) | £18 Giant Margin | |
| Example rate of pay to you | | £438 |
| Deductions from your pay required by law | | £66 (£47 PAYE Income Tax, £19 Employee National Insurance) |
| Any other deductions or costs take from your pay | | £0 |
| Any fees for goods or services | | £0 |
| Example net take home pay | | £372 |
Workwell
| Name of Employer | JSA Services Limited t/a Workwell |
| Type of Contract Engaged Under | Contract of employment |
| Who will be responsible for paying you | JSA Services Limited t/a Workwell |
| How often will the umbrella and you be paid | Weekly |
| Any Business connection between the umbrella company, the employment business and the person responsible for paying you | No |
| Expected or minimum gross rate of pay transferred to the umbrella company from Morgan McKinley | As agreed with Morgan McKinley, no lower than national minimum wage. For the purpose of the KID rate of pay will be £100 per day |
| Deductions from umbrella income required by law | Employers National Insurance, Apprenticeship Levy and Employers Pension contribution of 3 % of qualifying earnings if enrolled |
| Any other deductions from umbrella income (to include amounts or how they are calculated) | Umbrella company margin of £19.50 per week |
| Expected or minimum rate of pay to you | As agreed with Morgan McKinley, no lower than national minimum wage. For the purpose of the KID rate of pay will be £100 per day |
| Deductions from your wage required by law | Employee National Insurance, PAYE Income tax and Employees Pension contribution of 5 % of qualifying earnings if enrolled |
| Any other deductions or costs taken from your wage (to include amounts or how they are calculated) | Where directed by HMRC deductions for student loan repayments or attachment of earnings orders. |
| Any fees for goods or services | None |
| Holiday entitlement and pay | 20 days annual leave plus 8 bank holidays per annum (12.07%). In accordance with Agency Workers Regulations 2010 there may be an increase in holiday if the company's holiday is higher than statutory. Holiday pay is either paid to you in addition to your salary or payable to you as and when you request holiday. For the purpose of this KID the holiday pay is paid in addition to the salary. |
| Additional benefits | Market leading employee benefits scheme including 24/7 access to a virtual GP, email prescriptions, wellbeing packages and shopping discounts. Holiday pay can either accrued or paid to you in addition to your salary every week. |
| Ad-hoc information | None |
Weekly Pay
| Workwell | Umbrella fees | Worker Fees |
| Example gross rate of pay to umbrella company from Morgan McKinley | £500 (£100 daily rate x 5 days per week) | |
| Deductions from umbrella income required by law | £47.25 (£35.68 Employers National Insurance, £2.17 Apprenticeship Levy,£9.40 Employers Pension) | |
| Any other deductions from umbrella income (to include amounts or how they are calculated) | £19.50 Workwell Margin | |
| Example rate of pay to you | | £433.26 (basic rate £383.27 and holiday pay £49.99) |
| Deductions from your pay required by law | | £69.29 (£38.31 PAYE Income Tax, £15.32 Employee National Insurance,£15.66 Employee Pension) |
| Any other deductions or costs take from your pay | | £0 |
| Any fees for goods or services | | £0 |
| Example net take home pay | | £363.97 |
NASA Umbrella Ltd
| Name of Employer | NASA Umbrella Ltd |
| Type of Contract Engaged Under | Contract for services |
| Who will be responsible for paying you | NASA Umbrella Ltd |
| How often will the umbrella and you be paid | Weekly |
| Any Business connection between the umbrella company, the employment business and the person responsible for paying you | No |
| Expected or minimum gross rate of pay transferred to the umbrella company from Morgan McKinley | As agreed with Morgan McKinley, no lower than national minimum wage. For the purpose of the KID rate of pay will be £100 per day |
| Deductions from umbrella income required by law | Employers National Insurance, Apprenticeship Levy |
| Any other deductions from umbrella income (to include amounts or how they are calculated) | Umbrella company margin of £14.50 per week and Employer Pension Contributions of 3% (if applicable) |
| Expected or minimum rate of pay to you | As agreed with Morgan McKinley, no lower than national minimum wage. For the purpose of the KID rate of pay will be £100 per day |
| Deductions from your wage required by law | Employee National Insurance, PAYE Income tax and Employees Pension contribution of 5 % of qualifying earnings if enrolled and Student Loan (if applicable) |
| Any other deductions or costs taken from your wage (to include amounts or how they are calculated) | Where directed by HMRC deductions for student loan repayments or attachment of earnings orders. |
| Any fees for goods or services | None |
| Holiday entitlement and pay | Statutory Holiday pay as a minimum, 20 days annual leave plus 8 bank holidays per annum (12.07%) applied on a pro rata basis. Holiday pay will be retained and paid as leave taken unless you specify you would prefer to receive holiday pay in advance of time off. In the example net take home calculation below holiday pay is paid in advance. In accordance with Agency Workers Regulations 2010 there may be an increase in holiday if the companies holiday is higher than statutory. The holiday is included in the example pay calculation. |
| Additional benefits | NASA Rewards: Discounts & cash back scheme for high street & online retailers, including supermarkets free for all employees. Personal pension contributions: Salary sacrifice contributions into SIPP available. Financial Advice: IFA partner for contractor specific advice for mortgages, investments and insurance |
| Ad-hoc information | None |
Weekly Pay
| NASA Umbrella Ltd | Umbrella fees | Worker Fees |
| Example gross rate of pay to umbrella company from Morgan McKinley | £500 (£100 daily rate x 5 days per week) | |
| Deductions from umbrella income required by law | £39.61 (£37.38 Employers National Insurance, £2.23 App Levy) | |
| Any other deductions from umbrella income (to include amounts or how they are calculated) | £14.50 Nasa Margin | |
| Example rate of pay to you | | £445.89 (£397.87 weekly basic pay, £48.02 holiday pay) |
| Deductions from your pay required by law | | £56.91 (£40.60 PAYE Income Tax, £16.31 Employee National Insurance) |
| Any other deductions or costs take from your pay | | £0 |
| Any fees for goods or services | | £0 |
| Example net take home pay | | £388.98 |
Paystream My Max Limited
| Name of Employer | Paystream My Max Limited |
| Type of Contract Engaged Under | Contract for services |
| Who will be responsible for paying you | Paystream My Max Limited |
| How often will the umbrella and you be paid | Weekly |
| Any Business connection between the umbrella company, the employment business and the person responsible for paying you | No |
| Expected or minimum gross rate of pay transferred to the umbrella company from Morgan McKinley | As agreed with Morgan McKinley, no lower than national minimum wage. For the purpose of the KID rate of pay will be £110.30 per day |
| Deductions from umbrella income required by law | Employers National Insurance, Apprenticeship Levy and Employers Pension contribution of 3 % of qualifying earnings if enrolled |
| Any other deductions from umbrella income (to include amounts or how they are calculated) | Umbrella company margin of £15 per week. |
| Expected or minimum rate of pay to you | As agreed with Morgan McKinley, no lower than national minimum wage. For the purpose of the KID rate of pay will be £110.30 per day |
| Deductions from your wage required by law | Employee National Insurance, PAYE Income tax and Employees Pension contribution of 5 % of qualifying earnings if enrolled |
| Any other deductions or costs taken from your wage (to include amounts or how they are calculated) | Where directed by HMRC deductions for student loan repayments or attachment of earnings orders. |
| Any fees for goods or services | Remus + : £2.49 per week (contractor dependent) Personal Accident Cover : £2.49 per week (contractor dependent) |
| Holiday entitlement and pay | Statutory Holiday pay as a minimum, 20 days annual leave plus 8 bank holidays per annum (12.07%). In accordance with Agency Workers Regulations 2010 there may be an increase in holiday if the companies holiday is higher than statutory. Contractors can choose to either accrue their holiday pay to be paid at a later date or can have it in advance each time they receive a payment. Holiday pay is included as an advance payment in the example net take home calculation below. |
| Additional benefits | Covered by Paystream Employers Liability, Professional Indemnity and Public/Products Liability Insurance. Tax relief on allowable expenses. Salary sacrifice and accrued holiday pay (contractor dependent) |
| Ad-hoc information | None |
Weekly Pay
| Paystream My Max Limited | Umbrella fees | Worker Fees |
| Example gross rate of pay to umbrella company from Morgan McKinley | £551.50 (£110.30 daily rate x 5 days per week) | |
| Deductions from umbrella income required by law | £45.99 (£43.54 Employers National InsuranceI, £2.45 Apprenticeship Levy) | |
| Any other deductions from umbrella income (to include amounts or how they are calculated) | £15 Paystream Margin | |
| Example rate of pay to you | | £490.51 |
| Deductions from your pay required by law | | £69.48 (£49.60 PAYE Income Tax, £19.88 Employees National Insurance). |
| Any other deductions or costs take from your pay | | £0 |
| Any fees for goods or services | | £0 |
| Example net take home pay | | £421.03 |
ICS Umbrella Ltd
| Name of Employer | ICS Umbrella Ltd |
| Type of Contract Engaged Under | Employment Contract |
| Who will be responsible for paying you | ICS Umbrella Ltd |
| How often will the umbrella and you be paid | Weekly |
| Any Business connection between the umbrella company, the employment business and the person responsible for paying you | No |
| Expected or minimum gross rate of pay transferred to the umbrella company from Morgan McKinley | As agreed with Morgan McKinley, no lower than national minimum wage. For the purpose of the KID rate of pay will be £110 per day |
| Deductions from umbrella income required by law | Employers National Insurance, Apprenticeship Levy |
| Any other deductions from umbrella income (to include amounts or how they are calculated) | Umbrella company margin of £18 per week, Employers Pension Contribution: 3% minimum employer contribution, Salary Sacrifice (if chosen) and Accrued Holiday Pay (if chosen) |
| Expected or minimum rate of pay to you | As agreed with Morgan McKinley, no lower than national minimum wage. For the purpose of the KID rate of pay will be £110 per day |
| Deductions from your wage required by law | Employee National Insurance, PAYE Income tax and Employees Pension contribution of 5% of qualifying earnings if enrolled, Student Loan (if applicable) and any DEO/AOE (if applicable) |
| Any other deductions or costs taken from your wage (to include amounts or how they are calculated) | Where directed by HMRC deductions for student loan repayments or attachment of earnings orders. |
| Any fees for goods or services | None |
| Holiday entitlement and pay | Statutory Holiday pay as a minimum, 20 days annual leave plus 8 bank holidays per annum (12.07%). Contractors can choose either to accrue their holiday pay or have this paid out in advance and included in their weekly salary. For the purpose of this KID, holiday is paid in advance and therefore included in the example net take home calculation. In accordance with Agency Workers Regulations 2010 there may be an increase in holiday if the companies holiday is higher than statutory. The holiday is included in the example pay calculation. |
| Additional benefits | Online benefits portal where contractors can manage their pay and pension, find huge discounts on shopping, access to an online GP with email prescription service, confidential helplines, gym discounts and much more. |
| Ad-hoc information | None |
Weekly Pay
| ICS Umbrella Ltd | Umbrella fees | Worker Fees |
| Example gross rate of pay to umbrella company from Morgan McKinley | £550 (£110 daily rate x 5 days per week) | |
| Deductions from umbrella income required by law | £45.43 (£43 Employers National Insurance, £2.43 Apprenticeship Levy) | |
| Any other deductions from umbrella income (to include amounts or how they are calculated) | £18 ICS Margin | |
| Example rate of pay to you | | £486.57 |
| Deductions from your pay required by law | | £68.37 (£48.80 PAYE Income Tax, £19.57 Employees National Insurance) |
| Any other deductions or costs take from your pay | | £0 (auto enrolled after 10th week of being employed) |
| Any fees for goods or services | | £0 |
| Example net take home pay | | £418.20 |
Parasol
| Name of Employer | Parasol Ltd |
| Type of Contract Engaged Under | Contract for services |
| Who will be responsible for paying you | Parasol Ltd |
| How often will the umbrella and you be paid | Weekly |
| Any Business connection between the umbrella company, the employment business and the person responsible for paying you | No |
| Expected or minimum gross rate of pay transferred to the umbrella company from Morgan McKinley | As agreed with Morgan McKinley, no lower than national minimum wage. For the purpose of the KID rate of pay will be £100 per day |
| Deductions from umbrella income required by law | Employers National Insurance, Apprenticeship Levy and Employers Pension contribution of 3 % of qualifying earnings if enrolled |
| Any other deductions from umbrella income (to include amounts or how they are calculated) | Umbrella company margin of £17.50 per week |
| Expected or minimum rate of pay to you | As agreed with Morgan McKinley, no lower than national minimum wage. For the purpose of the KID rate of pay will be £100 per day |
| Deductions from your wage required by law | Employee National Insurance, PAYE Income tax and Employees Pension contribution of 5 % of qualifying earnings if enrolled |
| Any other deductions or costs taken from your wage (to include amounts or how they are calculated) | Where directed by HMRC deductions for student loan repayments or attachment of earnings orders. |
| Any fees for goods or services | None |
| Holiday entitlement and pay | Statutory Holiday pay as a minimum, 20 days annual leave plus 8 bank holidays per annum (12.07%). Candidates receive advance holiday pay up front within the specific salary payment and will not receive anything additional when they subsequently take annual leave. Therefore holiday pay is included in the example net take home calculation below. In accordance with Agency Workers Regulations 2010 there may be an increase in holiday if the companies holiday is higher than statutory. |
| Additional benefits | Holiday pay is paid to you within your weekly pay. |
| Ad-hoc information | |
Weekly Pay
| Parasol | Umbrella fees | Worker Fees |
| Example gross rate of pay to umbrella company from Morgan McKinley | £500 (£100 daily rate x 5 days per week) | |
| Deductions from umbrella income required by law | £39.24 (£37.02 Employers National Insurance, £2.22 Apprenticeship Levy) | |
| Any other deductions from umbrella income (to include amounts or how they are calculated) | £17.50 Parasol Margin | |
| Example rate of pay to you | | £443.27 (£395.53 weekly basic pay and £47.74 holiday pay) |
| Deductions from your pay required by law | | £56.39 (£40.27 PAYE Income Tax, £16.12 Employees National Insurance) |
| Any other deductions or costs take from your pay | | £0 |
| Any fees for goods or services | | £0 |
| Example net take home pay | | £386.88 |
Smartwork
| Name of Employer | Smartwork.com Ltd |
| Type of Contract Engaged Under | Contract of Employment |
| Who will be responsible for paying you | Smartwork.com Ltd |
| How often will the umbrella and you be paid | Weekly |
| Any Business connection between the umbrella company, the employment business and the person responsible for paying you | No |
| Expected or minimum gross rate of pay transferred to the umbrella company from Morgan McKinley | As agreed with Morgan McKinley, no lower than £125 daily rate (also known as Assignment Income, Contract Rate and Umbrella Rate) |
| Deductions from umbrella income required by law | Employers National Insurance, Apprenticeship Levy and Employers Pension contribution of 3 % of qualifying earnings if enrolled |
| Any other deductions from umbrella income (to include amounts or how they are calculated) | Umbrella company margin of £15.00 per week.Optional personal pension/SIPP scheme margin £25 per month, additional deduction for contribution to pension (if applicable). |
| Expected or minimum rate of pay to you | As agreed with Morgan McKinley, no lower than £125 daily rate (also known as Assignment Income, Contract Rate and Umbrella Rate) |
| Deductions from your wage required by law | Employee National Insurance, PAYE Income tax and Employees Pension contribution of 5 % of qualifying earnings if enrolled |
| Any other deductions or costs taken from your wage (to include amounts or how they are calculated) | Where directed by HMRC deductions for student loan repayments or attachment of earnings orders. |
| Any fees for goods or services | None |
| Holiday entitlement and pay | Statutory Holiday pay as a minimum, 20 days annual leave plus 8 bank holidays per annum (12.07%). This is paid on a rolled-up basis and therefore holiday pay is included in the example net take home calculation below. In accordance with Agency Workers Regulations 2010 there may be an increase in holiday if the companies holiday is higher than statutory. |
| Additional benefits | Statutory benefits, discretionary bonus subject to the terms of the Contract of Employment, Workplace and Private Pension Scheme. |
| Ad-hoc information | None |
Weekly Pay
| Smartwork | Umbrella fees | Worker Fees |
| Example gross rate of pay to umbrella company from Morgan McKinley | £625 (£125 daily rate x 5 days per week) | |
| Deductions from umbrella income required by law | £69.38 (Employers National Insurance £50.46, Apprenticeship Levy £2.70 and Employer Pension £16.22) | |
| Any other deductions from umbrella income (to include amounts or how they are calculated) | £15 Smartwork Margin | |
| Example rate of pay to you | | £540.62 |
| Deductions from your pay required by law | | £105.28 (£54.34 PAYE Income Tax, £23.91 Employees National Insurance and Employee Pension £27.03) |
| Any other deductions or costs take from your pay | | £0 |
| Any fees for goods or services | | £0 |
| Example net take home pay | | £435.34 |
Umbrella.co.uk
| Name of Employer | Umbrella-Company Ltd |
| Type of Contract Engaged Under | Contract of Employment |
| Who will be responsible for paying you | Umbrella-Company Ltd |
| How often will the umbrella and you be paid | Weekly |
| Any Business connection between the umbrella company, the employment business and the person responsible for paying you | No |
| Expected or minimum gross rate of pay transferred to the umbrella company from Morgan McKinley | As agreed with Morgan McKinley, no lower than national minimum wage. For the purpose of the KID rate of pay will be £100 per day |
| Deductions from umbrella income required by law | Employers National Insurance, Apprenticeship Levy and Employers Pension contribution of 3 % of qualifying earnings if enrolled |
| Any other deductions from umbrella income (to include amounts or how they are calculated) | Umbrella company margin of £15.00 per week |
| Expected or minimum rate of pay to you | As agreed with Morgan McKinley, no lower than national minimum wage. For the purpose of the KID rate of pay will be £100 per day |
| Deductions from your wage required by law | Employee National Insurance, PAYE Income tax and Employees Pension contribution of 5 % of qualifying earnings if enrolled |
| Any other deductions or costs taken from your wage (to include amounts or how they are calculated) | Where directed by HMRC deductions for student loan repayments or attachment of earnings orders. |
| Any fees for goods or services | None |
| Holiday entitlement and pay | Statutory Holiday pay as a minimum, 20 days annual leave plus 8 bank holidays per annum (12.07%) pro rata accordingly and to be paid as leave taken or in advance based on the contractors preference. For the purpose of this KID the holiday pay is paid in advance and is therefore included in the example net take home calculation below. In accordance with Agency Workers Regulations 2010 there may be an increase in holiday if the companies holiday is higher than statutory. |
| Additional benefits | One of the leading umbrella companies in the marketplace, run by qualified accountants. Work as an approved supplier to the majority of agencies in the UK, meaning contractors never need to switch. Offer preferential rates, the opportunity of building employment tenure and allow contractors to benefit from all the rights of being employed whilst enjoying the flexibility of contracting. Pension salary sacrifice, exclusive high street discounts, VIP medical care package, including GP cover 24/7, personalised portal and app to access benefits on the go. |
| Ad-hoc information | None |
Weekly Pay
| Umbrella.co.uk | Umbrella fees | Worker Fees |
| Example gross rate of pay to umbrella company from Morgan McKinley | £500 (£100 daily rate x 5 days per week) | |
| Deductions from umbrella income required by law | £39.55 (£37.32 Employers National Insurance, £2.23 Apprenticeship Levy) | |
| Any other deductions from umbrella income (to include amounts or how they are calculated) | £15 Umbrella.co.uk Margin | |
| Example rate of pay to you | | £445.45 |
| Deductions from your pay required by law | | £56.84 (£40.60 PAYE Income Tax, £16.24 Employees National Insurance) |
| Any other deductions or costs take from your pay | | £0 |
| Any fees for goods or services | | £0 |
| Example net take home pay | | £388.61 |
