Introduction
This document sets out key information about your relationship with us and the intermediary or umbrella company used in your engagement, including details about pay, holiday entitlement and other benefits. Further information can be found at www.parasolgroup.co.uk
The Employment Agency Standards (EAS) Inspectorate is the government authority responsible for the enforcement of certain agency worker rights. You can raise a concern with them directly on 020 7215 5000 or through the Acas helpline on 0300 123 1100, Monday to Friday, 8am to 6pm.
| General Information - Example | |
|---|---|
| Name of Worker | Joe Bloggs |
| Name of Employment Business | Keystream Group Ltd |
| Name of Umbrella Company | Parasol Limited |
| Your Employer | Parasol Limited |
| Type of contract you will be engaged under | Employment Contract |
| Who will be responsible for paying you | Parasol Limited |
| Pay Intervals | Weekly |
| Umbrella Company Pay Information & Deductions | |
|---|---|
| Name of umbrella company | Parasol Limited |
| Any business connection between the intermediary or umbrella company, the employment business, and the person responsible for paying you | A contract for services exists between Parasol and the employment business |
| Expected or minimum gross rate of pay transferred to the intermediary or umbrella company from us | £200 per day (exclusive of VAT) |
| Deductions from umbrella income required by law | Employers National Insurance calculated at 13.8% of the gross pay figure (above the secondary threshold of £175 per week). The apprenticeship levy is calculated at 0.5% of your gross pay figure. Auto-enrolment employers pension contributions at 4% of the national living wage. |
| Deductions from your wage required by law | Income tax calculated at 20%/40%/45% above the personal allowance of £242 per week. Your personal allowance will reduce if your gross pay exceeds £100,000 per year. Employees NI is calculated at 12% above the primary threshold of £242 per week up to the upper earnings limit and 2% thereafter. Employees’ pension contribution is calculated at 4% net (5% gross) of the national living wage for the hours worked. |
| Any other deductions taken from your wage | The margin retained by Parasol is £29.75 |
| Leave entitlement and holiday pay | 28 days holiday - (Included in gross pay figure above) |
| Additional benefits | Please speak with Parasol |
| Example Pay | ||
|---|---|---|
| Example gross rate of pay to umbrella company from us | £1000.00 | N/A |
| Deductions from umbrella income required by law | Employers NI = £93.79 | Employer Pension Contribution = £17.52 | Apprenticeship Levy = £4.28 | N/A |
| Other deductions or costs taken from umbrella income | Employer Margin = £29.75 | N/A |
| Example rate of pay to you | N/A | £854.66 Weekly (Weekly Basic Pay = £762.62 | Holiday Pay = £92.04) |
| Deductions from your pay required by law | N/A | Income Tax = £119.05 | Employees National Insurance = £73.55 | Employee Pension Contribution = £17.52 |
| Any other deductions or costs taken from your pay | N/A | Employee Pension: £31.72 |
| Fees for goods or services | N/A | N/A |
| Example net take home pay | N/A | £644.55 |