What does my National Insurance table letter mean? The table letter tells employers how much National Insurance an individual needs to contribute.
What is the National Minimum Wage? The National Minimum Wage is the minimum pay per hour that all umbrella employees are entitled to – but most are paid well in excess of this. The following rates are applicable from 1st April 2024.
I’ve not been paid – What do I do? If you have any questions relating to your pay then please contact 01925 232 526 and our client care team will be happy to help you, alternatively email [email protected] and we will come back to you within 24 hours.
What flexible benefits are available to Umbrella Employees? As an umbrella employee, there are some benefits available to you that can provide tax and NI savings via your payslip, For example: Pension salary sacrifice and a Cycle to work scheme.
What is a KID? (Key Information Document) Key Information Documents were introduced on 6th April 2020 and is an attempt to increase pay transparency for umbrella employees and provide key information to them regarding their assignments.
Your Umbrella Payslip Explained This article is intended to assist you in understanding your payslip and how each item is calculated.
What is a P87 Form? A P87 form is the document for an Umbrella Employee to use to claim tax relief for expenses of employment.
Tax deductible expense guidelines Because you are essentially an employee, the rules for claiming expenses against your employment income are very strict.
Can I claim expenses via an Umbrella Solution? On the whole, no. If you work under an umbrella company, HMRC will deem you to be a permanent employee and therefore can’t claim back costs such as travel and subsistence which are part of your regular commute to a permanent place of work.
What are the advantages and disadvantages of Pension salary sacrifice? A salary sacrifice will lower your National Insurance Contributions whilst boosting your pension, but the amount you could borrow for a mortgage and your entitlement to statutory benefits will both decrease.