Giant Request for Family and Medical Leave Form
| Weekly | Monthly | |
|---|---|---|
| assignment income to gross pay calculation | ||
| assignment income 5 twenty-four hour periods per calendar week at £200 per twenty-four hour period | £ | £ |
| private pension salary sacrifice contribution a | -£ | -£ |
| employer national insurance at thirteen.8% | -£ | -£ |
| apprenticeship levy at 0.5% | -£ | -£ |
| employer's NEST pension contribution b | -£ | -£ |
| company margin b equivalent to £13.14 or £eleven.21 net of tax & national insurance for a bones rate and higher charge per unit taxation payer, respectively | -£ | -£ |
| business expenses c | -£ | -£ |
| rest available for gross pay & holiday pay | £ | £ |
| gross pay to net pay calculation | ||
| gross pay d | £ | £ |
| pre-paid holiday pay e | £ | £ |
| gross pay including holiday pay includes rolled up prepaid vacation | £ | £ |
| employee PAYE f based on a personal allowance of £12,570 | -£ | -£ |
| employee national insurance | -£ | -£ |
| employee'southward NEST pension contribution b | -£ | -£ |
| net pay including holiday pay including rolled up prepaid vacation | £ | £ |
| reimbursed business expenses | +£ | +£ |
| retained income | £ | £ |
| add back private salary cede contribution amount paid into alimony scheme | +£ | +£ |
| net pay plus alimony contribution | £ | £ |
| % retained | % | % |
assumptions:
-
bacon cede pension contributions save employer'south national insurance and employee tax at your highest rates. For every £1,000 contributed, it costs £540 or £440 for a bones charge per unit and higher rate tax payer, respectively
-
the illustration is based on beingness opted out of the workplace pension; if you meet the qualifying criteria, you volition be motorcar-enrolled later on 90 days and will have the option to opt out after this
-
if your hirer has no supervision, management or command over you lot, you can too claim domicile to site travel expenses bailiwick to completing a questionnaire that validates this
-
your gross pay is made upward of Basic Pay, and a Bonus Payment
-
y'all tin choose to take your holiday entitlement on an accrued or rolled upwardly prepaid footing. Yous will receive reminders throughout the year to take your vacation entitlement
-
takes into business relationship a personal allowance based on a 1257L tax code, taxes at basic rate, higher rate, additional rate
-
your Personal Allowance volition reduce if you lot earn above £100,000, and you lot may have additional revenue enhancement to pay of up to £96.76 per week
-
the umbrella premium bundle includes giant reward, individual medical insurance, faster responses inside 4 working hours, a quarterly one-to-1 review and the ability to make payments to a individual pension provider
How exercise you bring together giant umbrella? What is the fee? What benefits are bachelor? What are my pension options?
These are just some of the questions nosotros are going to answer each week in our alive webinar that takes place every Thursday at 12:00 pm.
annals hither
premium vs standard
We know that for some of y'all alimony planning is important, and so we accept introduced umbrella premium where yous can save £560 for every £one,000 contributed into your private pension fund, plus receive other benefits. The table below compares our standard and premium products.
about giant umbrella
Our umbrella service is designed to exist simple, paperless and hassle free. We ensure that you lot receive the right level of support when on consignment, take intendance of all PAYE tax deductions, give y'all pension planning options and provide you with a mobile 1st portal and then you can easily access your data. All you need to practice is complete your timesheets and nosotros will do the rest. We partner with many agencies in such a way that you don't even have to submit your timesheets to us!
Nosotros have produced a booklet with frequently asked questions to hopefully answer most, if not all, of your queries.
get your gratis FAQ booklet
how giant umbrella works
You become an employee of giant and have all the benefits and rights of an employee such as holiday, ill, motherhood and paternity pay as well as access to a number of pension planning options.
behemothic umbrella premium
The main reason contractors choose behemothic umbrella premium is considering of the money-saving potential, not only can y'all go on to pay into your private pension fund saving you thousands on taxation just you go admission to our award-winning benefits package giant advantage.
join online today
We appreciate yous are really decorated, particularly when you've been instructed by your hirer to find an umbrella company pretty quickly!
Joininggiant umbrella has never been easier. We've developed a joining process to be proud of!
With u.s.a., you tin can join behemothic umbrella online pregnant you don't have to speak to anyone at all if you lot don't want to! Oh and by the way, our margin starts from only £22 per week (£11.21 after tax relief).
bring together online
what our contractors say
Each day nosotros send out hundreds of random surveys to workers so nosotros can become feedback on our service levels and how we can improve them.
On a scale of i to 10, over 80% of workers score our ongoing service with an viii, 9 or x and over 95% of workers rate their alive chat experience with us equally good or great.
frequently asked questions
Nosotros have grouped the most frequently asked questions to answer your queries. We are constantly updating these based on your feedback.
what blazon of contract do I take with yous?
what type of contract am I engaged under?
A contract of employment, with giant as your employer. Under this contract of employment, you may take on various different assignments through various agencies / hirers. The contract terms ensure we comprehend our responsibilities as your employer.
does IR35 apply to umbrella employment?
joining
how exercise I join giant umbrella?
Click on the joining link on our website and you can onboard within minutes – simple, user-friendly and piece of cake!
what information practice y'all need from me?
Nosotros'll demand your personal details (due east.g. proper noun, DOB, electronic mail address, dwelling house address, NI number, banking concern details) and for you to carry out an electronic identity and right to work check.
why do you need to deport out an identity cheque?
As your prospective employer, we accept a legal responsibility to ensure that you have the correct to work in the Great britain. Under our anti-money laundering policy, we are required to also check your identity and accost. You can carry this unproblematic check out quickly, conveniently and securely via your online portal.
Remember to take your passport to mitt when completing the onboarding steps.
what nigh contracts?
Once y'all have logged into your portal and provided your personal and assignment details, your contract documents volition exist made available to you to view and take electronically online.
practice I need to notify my agency that I am joining behemothic umbrella?
We will electronic mail them when you join, but we as well recommend that y'all advise them that yous are joining giant every bit some agencies require the information directly from yourself.
if I bring together behemothic umbrella today will my employment with y'all beginning from today?
No, your employment starts from the first day of your assignment. Therefore you can fully join online today so that everything is gear up and ready. Your employment will first when your assignment starts.
net pay illustrations
tin can you provide a net pay breakdown with all costs/deductions?
Yes, please enter your details and rate on the calculator bachelor on our website.
tin can a yearly illustration be provided using my specific tax code?
Our illustrations provide an estimated take abode using a fixed set of assumptions as detailed. They are for illustrative purposes just to provide an estimated net take home and should not exist thought of every bit guaranteed income.
can you provide me with a internet pay illustration factoring in Educatee loan deductions?
We are unable to include pupil loan repayments in the analogy nosotros provide; however if nosotros are notified past HMRC to make deductions, the amount you repay depends on which program you're on. Each plan has a threshold for your weekly or monthly taxable income. You repay:
• nine% of the amount you lot earn over the threshold for Programme 1 and 2
• 6% of the corporeality you earn over the threshold for the Postgraduate Loan
• If you take a Programme 1 or ii loan and a Postgraduate Loan, you'll repay xv% of the amount you lot earn over the threshold.
Yous practice non pay anything back if your income is under the threshold. The thresholds change on 6th April each year, click on the following link to detect out the current thresholds: https://world wide web.gov.uk/repaying-your-student-loan/what-yous-pay
can you provide me with a net pay illustration factoring in private alimony contributions?
Aye we tin can, please use the computer on this page. To sympathise in detail the bear upon it may accept on your financial planning we recommend that you lot speak with a qualified independent financial advisor Humphries IFA past calling on 020 8390 9055 (http://world wide web.humphriesifa.co.uk/)
when & how often do you pay me?
when exercise you pay me?
If your bureau sends united states of america your timesheet information electronically (known every bit DX – Information Substitution), upon processing the file, we will pay yous the side by side working day via faster payment. Faster payment ways the funds will clear in your account on the same twenty-four hour period and then y'all won't demand to wait the usual ii-3 working days for payment to clear.
If your agency does non operate Information Exchange with us, you lot must enter a timesheet online via your giant portal, this will invoice your agency and once nosotros receive the cleared and allocated funds from them, we will pay the adjacent working day via faster payments
how oft will you lot pay me?
Nosotros will pay you in line with the same frequency that your agency pays us – i.e. if they pay united states weekly, we volition pay yous weekly; and if they pay us monthly, we will pay you monthly.
If your agency pays usa weekly and yous would prefer for us to pay you lot monthly, then we can adapt this for you lot.
can giant umbrella make payments to my limited visitor?
No, every bit your employer we tin only make payments into a personal Great britain-based banking company account where yous are a named business relationship holder.
what expenses tin can I claim?
can I claim expenses?
As an employee of giant's, yous are able to merits various types of business expenses such as:
- business organization mileage
- travel
- subsistence
- temporary accommodation
- tools and equipment
- software
- professional subscriptions
- eye tests
- safety wear
- currency exchange fee
- training, exams + associated travel/meals
- consumables (postage, stationary)
- business calls
Business organisation mileage is reimbursed via your payslip free from tax and national insurance deductions. Tax relief on the remaining expenses can be claimed by you lot at the terminate of the tax year via HMRC. You can claim expenses such equally training and professional subscriptions; nevertheless, home to piece of work travel and its related subsistence is merely allowable where you have no supervision, direction or command (SDC) by the hirer. All business expense claims must be submitted via the employee portal with supporting receipts uploaded.
what is SDC and its impact?
Since April 2016, if the hirer has the right to supervise, direct or command you, then HMRC deem you lot to be treated like to a permanent employee of the hirer. Y'all are:
• supervised if someone is ensuring your work is being done correctly and to the correct standard
• directed if someone ensures your piece of work is performed in a certain mode e.g. instructing how it should be done
• controlled if someone dictates what work you exercise and/or how you do it
Every bit a result, if you are under supervision, management or command, you are not eligible to claim tax relief on expenses such as home to work travel and subsistence.
what deductions practice you make from my quoted rate and how are they shown on my payslip?
what is the rate I am quoted by my agency and what deductions are in that location?
Your agency will quote you the limited visitor rate, which can oftentimes exist confusing because this is the amount payable to giant and not you. To get to your actual gross charge per unit, at that place are a number of deductions that demand to exist fabricated including employers national insurance (13.8%), apprenticeship levy (0.5%) and our weekly margin.
These deductions can vary depending on the number of hours or days worked and therefore your gross pay rate volition vary. This can be confusing and from Apr 2021, equally part of the Governments Good Work Plan, agencies will have to particular these deductions on a Key Information Document issued to you so you accept a clearer idea of your actual gross pay rate.
why is employer's national insurance and the apprenticeship levy deducted from my quoted charge per unit?
All employers must pay employer's national insurance and the apprenticeship levy – it is a statutory requirement.
The rate that the agency pays to behemothic must cover these employment costs and our margin. To get your actual gross pay charge per unit, we deduct these costs first and the remaining balance is your gross pay, which is subject to PAYE taxation and Employee's National Insurance.
what does my payslip look like?
Y'all receive an invoice reconciliation and a payslip. The invoice reconciliation starts with the payments made to giant (the limited visitor rate quoted by your agency) and so shows the statutory deductions such as employer'south national insurance, apprenticeship levy, and our margin, before arriving at your gross taxable pay which is shown on your payslip with PAYE tax deductions.
what most holidays?
what is the holiday leave entitlement nether umbrella and how does it work?
You will accept a statutory minimum entitlement of 28 days holiday exit per twelvemonth including bank and public holidays. If nether the AWR regulations we are advised past your bureau or hirer of a higher entitlement, then this volition be matched for you lot.
how is holiday leave paid?
Withbehemothicumbrella yous decide whether you have your holiday pay accrued and set aside in every payroll and paid to you when you have time off; or alternatively, information technology tin can exist paid in every payroll on a rolled-upwards pre-paid ground, which means when you take fourth dimension off you will not receive any additional payment.
The conclusion volition always be yours and you will be asked to select your preferred option during the onboarding process. Whichever option you decide, we volition ask you to re-ostend your choice when yous accept your assignment schedule. We will also send yous regular emails throughout the year to remind you to take your vacation.
what are my pension options?
what are my alimony options with behemothic umbrella?
You take three options: motorcar enrolment via NEST, giant's Standard Life salary cede pension or an alternative pension provider where yous have an ongoing scheme.
how does auto enrolment via NEST piece of work?
Later on ninety days of continuous employment with usa, nosotros will car enrol you into a workplace pension with NEST. You volition contribute 4% of pensionable earnings (the government adds another ane%) and giant will contribute a further four% (from funds nosotros receive from the bureau). One time auto-enrolled, you tin opt out of this pension (by law the opt out is candy by you directly with NEST). For queries on the NEST scheme, delight telephone call them direct on 0330 020 0090.
how does the behemothic Standard Life scheme work?
You can bring together this scheme from day 1 of your employment with us. You tin can contribute upwards to 100% of your gross taxable income subject to a maximum of £40,000 per year and all employer'due south national insurance and taxation relief is received at source via what is known every bit a salary sacrifice arrangement.
how practise I join the giant Standard Life scheme?
Very easily. You read the data on your portal and then provide usa with the level of contributions you would like to make, and we do the rest!
can I pay into an existing scheme that I have?
Yes, nosotros can adjust this. However, you lot will need to contact your pension provider and asking approval forgiant to pay them via a salary sacrifice system. Some providers will not permit this because of the associated authoritative costs. In these situations, your contribution can be made from your net pay, but this is not every bit revenue enhancement efficient as a salary sacrifice arrangement. Unfortunately these pension providers often come across this type of scheme to be administratively plush and therefore accept strict criteria such as stock-still monthly contributions and awarding forms often requiring moisture signatures. Please notation that these are the pension providers rules, not ours.
can I become Independent Financial Advice?
Yeah, we have partnered with Independent Fiscal Advisors, Humphries IFA, who can advise you on more than flexible pension planning via a Standard Life salary sacrifice scheme. You might desire to consider this if you:
• have a reduced contribution allowance considering your total income is in excess of £150,000 per twelvemonth
• want to carry forward unused pension allowances from the terminal 3 tax years to increase your contributions this twelvemonth
• would like to accept a choice of fund selection
• require advice on reviewing whatever historic schemes or would similar to consolidate pension pots
• would like retirement benefits communication, cashflow modelling and forecasting work
To find out more than, please call them on 0208 390 9055 or email [email protected] to speak with one of their Contained Financial Advisors.
what is the maximum amount I can contribute towards a pension?
Under the workplace alimony we offering through NEST, the maximum contribution via your payroll will be 4% of your qualifying earnings. Notwithstanding, if y'all are contributing to a private alimony scheme via giant you can contribute up to 100% of your gross taxable income above national minimum wage subject to a maximum of £40,000 per year. If you have more than than ane pension scheme, the allowance is beyond all of them and is non a 'per scheme' allowance. A tapered assart exists for those with an adjusted total income of over £240,000 which can reduce the maximum contribution to £four,000 per twelvemonth.
can I carry forward unused allowances from previous years?
Y'all can also deport forward any unused contribution allowances from the previous 3 tax years, which might permit contributions over £100,000 in the current tax year. To find out more about tapered or carry forward contributions, delight telephone call Humphries IFA on 0208 390 9055 or email [email protected] to speak with ane of their Contained Fiscal Advisors.
what if I mistakenly contribute in a higher place the maximum amount I can contribute towards a pension?
HMRC will taxation you on the excess contributions.
can I vary my pension contributions?
Not nether NEST but you tin can vary your alimony contributions under the other schemes. Please notation pension providers do not like contributions to vary, and some may not allow it, in club to minimise their administrative costs.
what revenue enhancement relief do I get when contributing into a pension scheme?
This is an of import question.
Under NEST the employer contribution, 4%, saves employer's national insurance and taxation withal your employee contribution, 4%, is paid from your internet income and merely receives basic rate, 20%, revenue enhancement relief at source. The government add together ane% to your contribution making your contribution 5%. On your employee contribution y'all go no relief from
employers' national insurance and you volition demand to claim higher rate revenue enhancement relief via your cocky-assessment.
In contrast nether our Standard Life alimony arrangement all national insurance and taxation relief is received at source via what is known as a bacon sacrifice organisation. All contributions are made before computing your taxable gross income and therefore the contributions salvage employer's national insurance and tax at your highest marginal rate.
Delight note if you are requesting your existing scheme to be processed via giant you will desire to inquire if it can be processed via a salary sacrifice arrangement or whether your contributions are from your net income. The latter is less tax efficient considering you only receive basic rate taxation relief immediately, you apply for college charge per unit tax relief via your self assessment
and you do non get any employers national insurance relief.
does the giant margin increment for processing my pension?
Not where yous are auto-enrolled into NEST simply for all other pension schemes y'all will join our umbrella premium where our margin increases to £39.50 per week (which reduces your weekly internet income by £twenty.14 or £23.lx for a higher and basic rate taxpayer respectively). Umbrella premium also includes access to private medical insurance, faster plough around times with our support team and quarterly 121'due south. Compare umbrella premium with standard here.
tin can I use my limited company to make pension contributions?
Yes, but this will be carve up to and non involve the behemothic umbrella pension schemes.
what is the annual management charge on the standard life salary sacrifice alimony?
Nosotros take negotiated a disbelieve of 0.72% per year on all funds provided by standard life via our standard life salary sacrifice pension. For instance if the normal charge for a fund is 1.00% per year and so via the behemothic bacon sacrifice scheme the charge is reduced to 0.28% per year.
Please note if you take independent fiscal communication via Humphreys IFA there is an additional cost for their communication. Over the life of a pension, this discount is very significant.
Please note if y'all have independent financial advice via Humphreys IFA at that place is an additional cost for their communication.
what about references and cocky-cess?
do you charge for reference letters?
No we don't – they're free! You can asking either an employment or financial reference direct via your portal and you lot'll have it in your inbox inside a matter of minutes.
do you file my self-assessment for me and is there a fee for that service?
As your employer, we practice not file your self-assessment, as that remains your individual responsibility. We have our accountancy arm, giant Accounts Limited, who can prepare and file your self-assessment for an additional fee.
what near the Agency Worker Regulations (AWR)?
what is the AWR?
Under the Agency Workers Regulations 2010 (AWR), agency workers are entitled to have the same basic terms and weather condition of employment equally if they had been employed directly by the hirer once they have completed a qualifying period of 12 calendar weeks with the same hirer, in the same role.
does the AWR use?
Yes, equally an employee of giant umbrella, yous volition exist in telescopic of these regulations if yous meet the qualifying criteria.
what does this mean for me?
If yous have worked in the same role for 12 weeks, you will authorize for equal treatment in respect of pay and bones working conditions. You tin accrue these weeks even if you only work a few hours a week. We will ask your agency for comparator details in the lead upwards to 12 weeks which includes asking for comparator salary, annual leave entitlement, bonus entitlement and benefits. One time received, nosotros will calculate the comparator's gross pay and compare to your gross pay with giant to ensure you lot are paid equal to or more than the permanent comparator. If at that place are no comparable workers or employees, then there is no entitlement to equal treatment.
practise I need to requite notice to leave giant umbrella?
what is the notice menstruation if I wish to leave giant?
Y'all have 2 observe periods – one for your assignment at the hirer, and another for your employment with behemothic. Your agency will confirm the notice menses for the consignment and we volition populate this on the consignment schedule you are offered online with u.s.. To terminate your employment with united states of america (which is separate to your assignment notice period) you can serve firsthand notice.
tin I exit you lot at any time?
Yes, ensuring that you have served the relevant discover menstruum. Some agencies volition simply allow you lot to change umbrella companies either at the indicate of extension or new assignment and and so you should check their policy on allowing changes.
insurances, SLA's & compliance
do yous include business insurances such as professional person indemnity etc..?
Yeah, nosotros concur the post-obit encompass for all our umbrella employees:
• professional person indemnity: £5million for any one merits
• employer's liability: £10million for any one occurrence
• public liability: £5million for any ane occurrence
what are your SLAs for dealing with queries / complaints?
We aim to respond to all queries within 24 hours and have a robust complaints procedure in line with our employee handbook.
how practice yous prove your compliance?
As a founder member of the Freelancer & Contractor Services Clan (FCSA), an intrusive desktop and field review is undertaken against the FCSA lawmaking of conduct by one of the independent console of reviewers. Our review is currently undertaken by EY. As function of this review, the results are then submitted to HMRC.
we besides hold the following certifications:
• ISO27001 International Data Security Standard
• ISO14001 Environmental Management Standard
• ISO9001 International Quality Standard
how does your margin work and do y'all pay referral fees?
is there a set-up or cancellation fee for giant umbrella?
what is the behemothic umbrella margin?
Our margin starts from £22 per week (which reduces your weekly net income past £eleven.21 or £thirteen.14 for a higher and bones rate taxpayer respectively). If you've called our premium production, where you lot can pay into a choice of private pension, access private medical insurance & go faster plough around times from our support team, our weekly margin is £39.l (which reduces your weekly net income by £xx.fourteen or £23.60 for a higher and basic rate taxpayer respectively). If you'd like standard umbrella with all of the award winning benefits of giant advantage, yous can do so for an extra £3.75 per calendar week margin (which reduces your weekly net income by £1.91 or £2.24 for a higher and basic rate taxpayer respectively).
I accept a number of other colleagues that also require an umbrella visitor, do you pay a referral fee?
Yeah! Fill out the 'refer a friend' application form on the employee portal and ane of our Welcome Team advisors will and so contact your friend. If your referred friend chooses to join us, we will give you £50 (subject field to tax and NI) for each and every friend you refer to us who becomes a behemothic umbrella employee.
how do I bring together behemothic umbrella?
Nosotros capeesh yous are really busy, particularly when you lot've been instructed by your hirer to observe an umbrella company pretty quickly! Joining giant umbrella has never been easier. We've developed a joining process to exist proud of!
With us, you can complete the full sign up process online meaning you lot don't have to speak to anyone at all if y'all don't want to!
what are the benefits of giant umbrella?
what are the benefits of behemothic umbrella?
Our umbrella offering is designed to be simple, paperless and hassle complimentary. We ensure that you lot receive your full employment rights, accept care of all PAYE tax deductions and provide you with a mobile enabled portal so you tin can easily access your data. All you need to do is complete your timesheets and we will practice the rest. Yous will also benefit from:
• our xxx years of experience
• mobile enabled, simple software
• same twenty-four hours faster payments
• payment text alerts
• holiday pay
• one employer
• business insurances
• workplace pension
• statutory payments
• own tech – designed for simplicity
• aforementioned day advances
• support team
• giant reward
what is giant advantage?
Honoured by the Benefits Excellence Awards, giant advantage is an extensive employee benefits programme that tin save you lot £chiliad'due south each year on items such equally:
• cheaper movie theatre tickets
• discounts at your favourite loftier street retailers
Umbrella premium includes giant reward inside the bundle. If y'all choose giant reward to exist included in the standard package, we retain an extra £3.75 per week margin (which reduces your weekly net income by £1.91 or £two.24 for a college and basic rate taxpayer respectively).
umbrella premium FAQ's
with the private medical insurance, does information technology also cover my family unit?
For the cost of £39.fifty you, the policyholder, forth with your children are covered under the policy. If you would similar to extend this, that option is available.
what is the annual management charge on the standard life salary sacrifice pension?
Nosotros have negotiated a discount of 0.72% per twelvemonth on all funds provided past Standard Life via our Standard Life salary sacrifice pension. For example if the normal charge for a fund is 1.00% per twelvemonth then via the behemothic salary sacrifice scheme the charge is reduced to 0.28% per year. Over the life of a alimony, this discount is very significant. Please note if you take independent fiscal advice via Humphreys IFA there is an additional cost for their advice.
which company provides the private medical insurance?
BHSF, Birmingham Hospital Saturday Fund
how many diagnostic scans are covered?
At that place is no limit to the number of scans covered for the policy holder, includes MRI, PET and CT scans.
how many GP consultations can I go?
There is no limit for the policy holder.
what are my alimony options with umbrella premium?
There are number of options available, click here to see our pension FAQ'due south
Source: https://www.giantpay.co.uk/umbrella
Post a Comment for "Giant Request for Family and Medical Leave Form"