New umbrella company required! New umbrella company required! - Page 12
Page 12 of 17 FirstFirst ... 21011121314 ... LastLast
Posts 111 to 120 of 167
  1. #111

    Super poster

    The Spartan's Avatar
    Join Date
    Nov 2011
    Location
    Macron Country
    Posts
    3,116

    Default

    Quote Originally Posted by jet spanner View Post
    Well their claim is that it is part of "the companys payroll costs" as stipulated in clause 3.5 of my contract of employment
    Where did you find that? sorry if I sound dumb as I can't find anything on their online portal

  2. #112

    Nervous Newbie


    Join Date
    Dec 2011
    Posts
    7

    Default

    Quote Originally Posted by The Spartan View Post
    Where did you find that? sorry if I sound dumb as I can't find anything on their online portal
    It was explained in an email reply from them last week when I queried the employment costs, and they attached a pdf of my employment contract. I dont recall receiving a contract at the start of my assignment, but perhaps I ticked a box or signed something. even if i had got a lawyer to look through it with a fine toothcomb there is no way i could have anticipated what would happen.
    I suggest that when you get your next payslip, ask how much of employment costs consists of employers NI. They wouldnt divulge the breakdown of the remaining costs to me, but it might be worth pursuing.

  3. #113

    Should post faster


    Join Date
    Nov 2011
    Posts
    127

    Default

    Quote Originally Posted by jet spanner View Post
    It was explained in an email reply from them last week when I queried the employment costs, and they attached a pdf of my employment contract. I dont recall receiving a contract at the start of my assignment, but perhaps I ticked a box or signed something. even if i had got a lawyer to look through it with a fine toothcomb there is no way i could have anticipated what would happen.
    I suggest that when you get your next payslip, ask how much of employment costs consists of employers NI. They wouldnt divulge the breakdown of the remaining costs to me, but it might be worth pursuing.
    So Steve says on this forum that he'll discuss your payslip deductions with each of you individually, but when you attempt to do so, they refuse to give you a full breakdown of the costs?!?

    I'm not thick and when I went brolly, I scrutinised my contract very carefully. But I'd understand from that clause that the "payroll costs" are fully covered by the agreed up-front fees, fair or foul, and they wouldn't charge anything beyond this without it being agreed up-front.

  4. #114

    Super poster

    The Spartan's Avatar
    Join Date
    Nov 2011
    Location
    Macron Country
    Posts
    3,116

    Default

    Yeah I would have thought the payroll costs would have been part of the £119.50 a month they charge. I guess not

  5. #115

    Umbrella Queen

    LisaContractorUmbrella's Avatar
    Join Date
    Jun 2006
    Location
    Colchester
    Posts
    5,370

    Default

    Quote Originally Posted by jet spanner View Post
    It was explained in an email reply from them last week when I queried the employment costs, and they attached a pdf of my employment contract. I dont recall receiving a contract at the start of my assignment, but perhaps I ticked a box or signed something. even if i had got a lawyer to look through it with a fine toothcomb there is no way i could have anticipated what would happen.
    I suggest that when you get your next payslip, ask how much of employment costs consists of employers NI. They wouldnt divulge the breakdown of the remaining costs to me, but it might be worth pursuing.
    There is actually a legal obligation for Employers to provide a breakdown of deductions - from HMRC site:

    "Pay statements
    You'll have to give each of your employees a pay statement - or payslip - at or before the time that you pay them. This can be in either paper or electronic format but it must show certain items, including each employee's gross pay (before any deductions are made), all deductions and the purposes for which they are made, and the net amount payable after the deductions have been made (also known as take home pay). If you don't give your employees an itemised payslip they could complain to an employment tribunal"

    HM Revenue & Customs: PAYE for employers: the basics
    Connect with me on LinkedIn

    Follow us on Twitter.

    ContractorUK Best Forum Advisor 2015

  6. #116

    Super poster

    The Spartan's Avatar
    Join Date
    Nov 2011
    Location
    Macron Country
    Posts
    3,116

    Default

    So they're in breach of the law possibly, oh how I love irony sometimes

  7. #117

    Super poster

    The Spartan's Avatar
    Join Date
    Nov 2011
    Location
    Macron Country
    Posts
    3,116

    Default

    Total Pay = 4,250
    Expenses = 1330
    Umbrella Margin = 119.50
    Employment Costs = 429
    Employee NI = 211
    Tax = 224

    Total net pay = 3,264

    Both the umbrella margin and employment costs were deducted before the tax and NI from what I can see

  8. #118

    Umbrella Queen

    LisaContractorUmbrella's Avatar
    Join Date
    Jun 2006
    Location
    Colchester
    Posts
    5,370

    Default

    Monthly Weekly

    Income 4250.00
    Expenses 1330.00



    Employer's NI 272.36
    Employee's NI 235.28
    Employee Tax 387.94
    Total All Tax 895.58
    CU Margin 85.00
    Total Net Income 3,269.42

    HTH
    Connect with me on LinkedIn

    Follow us on Twitter.

    ContractorUK Best Forum Advisor 2015

  9. #119

    Super poster

    The Spartan's Avatar
    Join Date
    Nov 2011
    Location
    Macron Country
    Posts
    3,116

    Default

    Quote Originally Posted by LisaContractorUmbrella View Post
    Monthly Weekly

    Income 4250.00
    Expenses 1330.00



    Employer's NI 272.36
    Employee's NI 235.28
    Employee Tax 387.94
    Total All Tax 895.58
    CU Margin 85.00
    Total Net Income 3,269.42

    HTH
    Do you roll up holiday pay into that or do you deduct and give it back at a later date?

  10. #120

    Umbrella Queen

    LisaContractorUmbrella's Avatar
    Join Date
    Jun 2006
    Location
    Colchester
    Posts
    5,370

    Default

    Quote Originally Posted by The Spartan View Post
    Do you roll up holiday pay into that or do you deduct and give it back at a later date?
    We deduct and pay back as rolled up holiday pay is not allowed Taking your holiday : Directgov - Employment.
    Connect with me on LinkedIn

    Follow us on Twitter.

    ContractorUK Best Forum Advisor 2015

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •