Giant fees

[kotum45]

Hi
I am new to contracting and I signed with Giant.
They have an option on their portal where they itemise the invoice charged to the agency. So my daily rate times 5 is charged to the agency then employers social security is deducted and then company administration fee is deducted. This company administration fee is 140 pounds per week.
This doesnt make sense as I thought the charge was 26 per week not 140.
Does anyone have experience with Giant?

[The Agents View]

Hi
I am new to contracting and I signed with Giant.
They have an option on their portal where they itemise the invoice charged to the agency. So my daily rate times 5 is charged to the agency then employers social security is deducted and then company administration fee is deducted. This company administration fee is 140 pounds per week.
This doesnt make sense as I thought the charge was 26 per week not 140.
Does anyone have experience with Giant?

I'm 99% confident that is what most umbrellas call "agreed deductions". That is your service charge (26 quid) and your Employees National insurance (yes, as a contractor,you have to pay Employer and Employee National Insurance)

If you sign up to their pension and things like that, i think that also goes under that bracket.

Giant are generally above board according to the feedback I have (although quite high in numbers which means service may not be as good - thats subjective though).

If you have any doubts though, speak to your account manager - they'll be able to tell you.

[Sausage Surprise]

Hi
I am new to contracting and I signed with Giant.
They have an option on their portal where they itemise the invoice charged to the agency. So my daily rate times 5 is charged to the agency then employers social security is deducted and then company administration fee is deducted. This company administration fee is 140 pounds per week.
This doesnt make sense as I thought the charge was 26 per week not 140.
Does anyone have experience with Giant?

Oh dear.....

[cojak]

There's a long-time regular on here who uses Giant and is happy with them.

There's no accounting for taste...

[MarkOD]

i always thought Giant were £28 a week, if you multiply that by a 5 week billing period that would get to £140

[SuperZ]

Do they still do they dodgy food and postage claims? I heard they automatically allow £x per day (the maximum) food claim and £x per day postage costs that you have to opt out of claiming. I remember someone being told to collect "proof" for one week only as HMRC were having a look, so they bought food for other contractors also for the week just so that the figures on the receipt looked good.

[Cloud9Umbrella]

Hi
I am new to contracting and I signed with Giant.
They have an option on their portal where they itemise the invoice charged to the agency. So my daily rate times 5 is charged to the agency then employers social security is deducted and then company administration fee is deducted. This company administration fee is 140 pounds per week.
This doesnt make sense as I thought the charge was 26 per week not 140.
Does anyone have experience with Giant?

If you have chosen to be paid monthly then your Umbrella fee would normally be deducted monthly which would explain this.

Or if you have chosen to be paid weekly, yet paying the fee monthly that could also explain.

Ask your Accounts Manager for more info. Any decent AMs would be happy to answer queries like this and resolve quickly for you.

[northernladuk]

£x per day postage costs

There is a daily allowance for postage as well!?!?? OMG, gotta call accoutant quick to stop him putting my returns in..

[SuperZ]

There is a daily allowance for postage as well!?!?? OMG, gotta call accoutant quick to stop him putting my returns in..

Nope I don't think so, but Giant I believe were encouraging sizable daily postage claims without proof........

[planetit]

Does anyone have experience with Giant?

I'm afraid so. the only advice I can give is Never Ever have anything to do with Giant. Since I started following this advice I've had no problems with them.