An umbrella company is a business that employs workers who work on temporary contract assignments, usually through a recruitment agency. The umbrella company acts as an intermediary between the worker and the end client or agency and takes care of the worker's payroll and taxes.
Contractors submit their timesheets to their agency. The agency compiles this data and when pay date is due, sends this timesheet data through to us.
We process the payroll via MyDigital Accounts software based on the timesheet data we have received and then process a payment to your bank account.
When we run a payroll, your payslip is generated by our accounting system and an email is sent out automatically to the email address you have provided upon registration. Your payslip will be password protected and this password will be your date of birth, in DDMMYYYY format. We also have a Portal that you can access historic payslips, P45s and P60s on. You will be sent an email with a portal link when registered.
Our pay dates differ depending on which agency you contract through. We operate Weekly, Biweekly and Monthly pay dates, again depending on agency. Please contact us, via email, WhatsApp or telephone, if you are unsure of when you should be paid.
After 12 weeks of continuous employment, we are legally obliged to auto enrol you into a workplace pension. This pension is held with our pension provider Penfold. Penfold will email you when you are first enrolled and this email is confirmation of the enrolment, with a link to Opt-Out if you choose to. Penfold have a Pension Hunter system, where they will take on any previous pensions you have paid into.
The agreed assignment rate is different to your gross pay rate when working with PAYE deductions. The assignment rate includes your gross pay rate and the statutory Employment costs. The assignment rate is charged to the end client for the work you have carried out. We then make sure that all the statutory employment costs are deducted. If you would like a breakdown of your take home pay, please let us know and we can provide you with an illustration.
We can pay into any bank account that you wish, however, with international payments, please take into account that it can take up to three working days for payments to reach you, so we do recommend a UK based account, if you have one. A UK bank account would also not incur any bank charges.