Key Information Document – Umbrella Company PAYE
This document sets out key information about your relationship between GM Recruitment and Exchequer Solutions used in your engagement.
Included below is a full description of what you can expect during your engagement with Exchequer Solutions including how they calculate your payment and what deductions you can expect to see and why.
As we care about our employees if you are unhappy with Exchequer Solutions please contact them on 01244 500 195 and they will try to help you. In the event that they can’t solve your query and you require further assistance, you can contact ACAS on 0300 123 1100.
GENERAL INFORMATION
| Name of employment business: | GMRC Ltd t/a GM Recruitment
|
| Name of umbrella company: | Exchequer Contracts Ltd UMBRELLA
www.exchequercontracts.co.uk 01244 500 195 |
| Type of contract you will be engaged under: | Contract of Service |
| Who will be responsible for paying you:
|
Exchequer Contracts Ltd UMBRELLA
|
| How you will be paid:
|
Weekly |
UMBRELLA COMPANY PAY INFORMATION
You are paid through an umbrella company: a third-party organisation that will calculate your tax and other deductions and then pay you for the work undertaken for the hirer. We will still be finding you assignments.
EXAMPLE PAY based on 45 hours @ £16.63 per hour
|
|
Umbrella Income | Worker Income |
| Rate paid to Exchequer Contracts | £16.63 | |
| Gross payment received by Exchequer Contracts: | £748.35 | |
| Deductions from Gross income required by law: | £82.46 Employers NI
£3.23 Apprentice Levy |
|
| Exchequer Contracts Margin – retained for services: | £17.00 | |
| Example of Gross pay to you: |
|
£645.67 |
| Deductions from your pay required by law: | £80.79 Income Tax
£32.29 Employee NI |
|
| Holiday Pay Retained | 0 | |
| Example net take home pay: |
|
£532.59 |
