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.
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 | Paystream My Max Limited |
| Your Employer | Paystream My Max Limited |
| Type of contract you will be engaged under | Employment Contract |
| Who will be responsible for paying you | Paystream My Max Limited |
| Pay Intervals | Weekly |
| Umbrella Company Pay Information & Deductions | |
|---|---|
| Name of umbrella company | Paystream My Max Limited |
| Any business connection between the intermediary or umbrella company, the employment business, and the person responsible for paying you | None |
| Expected or minimum gross rate of pay transferred to the intermediary or umbrella company from us | £200 per day x 5 |
| Deductions from umbrella income required by law | Employer NI | Apprenticeship Levy |
| Any other deductions from umbrella income | £14 (Employment Model) | Employer Pension contribution | Calculated on qualifying earnings (Qualifying earnings are gross earnings above £120 if paid weekly/ £520 if paid monthly for 20/21) From April 2020, Minimum employer contribution = 3% | Salary Sacrifice (contractor dependant) | Accrued holiday pay and employer costs (contractor dependant) |
| Expected or minimum rate of pay to you | £10.42ph (National Living Wage >25) | £10.18ph (21-24) | £7.49ph (18-20) | Holiday Pay @ 12.07% | Any bonus/commission |
| Deductions from your wage required by law | PAYE | Employee’s National Insurance | Student Loan | Any DEO/AOE (contractor dependant) |
| Any other deductions taken from your wage | Employee Pension contribution | Calculated on qualifying earnings (Qualifying earnings are gross earnings above £120 if paid weekly/ £520 if paid monthly) From April 2020, Minimum employee contribution = 5% | Agency deductions |
| Leave entitlement and holiday pay | 28 days per annum |
| Any fees for goods or services | Entitled toRemus +: £2.49 pw (Contractor dependent) | Personal Accident Cover: £2.49 pw (Contractor dependent) 28 days holiday per year which is paid in addition to the expected or minimum rate of pay at a rate of 12.07% |
| Additional Benefits | Employer’s Liability, Professional Indemnity and Public/Products Liability Insurance | Tax relief on allowable expenses |
| Example Pay | ||
|---|---|---|
| Example gross rate of pay to umbrella company from us | £1000.00 | N/A |
| Deductions from umbrella income required by law | Employment cost = £97.81 | Apprenticeship Levy = £4.42 | Pension (after 12 weeks) | N/A |
| Other deductions or costs taken from umbrella income | Employer Margin = £14 | N/A |
| Example rate of pay to you | N/A | Gross £883.77 |
| Deductions from your pay required by law | N/A | PAYE - £128.20 | Employee's NI - £77.01 | Student Loan/PGL: £0 |
| Any other deductions or costs taken from your pay | N/A | N/A |
| Fees for goods or services | N/A | N/A |
| Example net take home pay | N/A | £678.56 |