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[lucyclarityumbrella]

Your hourly or daily rate is deemed to include an element of holiday pay (12.07% of the taxable pay). When calculating holiday entitlement, we assume as a standard that 5.6 weeks of the year will not be worked. The pay is therefore calculated as 52 weeks minus 5.6 weeks is 46.4 weeks. 5.6 divided by...

[lucyclarityumbrella]

That's the bit they are keeping aside for when you take holiday, just make sure you use it up....

[lucyclarityumbrella]

Yep, all down to the agency or end clients billing schedule. If they are paying weekly to the brolly, then you will be paid weekly, if they are paid monthly, you are paid monthly.

[lucyclarityumbrella]

Now, now, behave and play nicely, don't cast aspersions against me... you see sometimes NorthernLadUK you need pulling back in line ...

[lucyclarityumbrella]

Ahhh you guys such kind words - and I can probably stretch to a cuppa yes - depends on whether I get invited to the next meet up in say..... 2023! Honestly look forward to the fact that some of the contractors who have been turned away from us in the past, now should have a slight chance of being...

[lucyclarityumbrella]

It is possible, but dependent on the circumstances, length of time for the project and the potential billing then it will all have different knock on effects. If you want me to talk you through it then let me know.

[lucyclarityumbrella]

Not something an umbrella company can process for you, as it wouldn't be deemed as only for the purposes of the assignment unless you move back again once it finishes

[lucyclarityumbrella]

As per the details under the calculator, we look at one monthly period in isolation, so applying one tax free allowance, looking at your day rate if you go to 12 months on assignment then your tax free allowance will go, but as we do not know the length of the assignment we would never predict that...

[lucyclarityumbrella]

Hi Gisp, there is our umbrella company calculator on the website which provides the full breakdown, so no need to provide it if you don't want to. We only ask for those if you want a bespoke calculation, and we are not a business for any hard sales push....

[lucyclarityumbrella]

Absolutely spot on the basic pay plus holiday is the minimum to ensure that they abide by regulations if paying across solely as Ers contribution....

[lucyclarityumbrella]

There has been a fair amount of noise on LinkedIn about this. It caused one umbrella to be taken under, potentially with some of the contractors money too!

[lucyclarityumbrella]

No umbrella would be able to, as the employer they would be the one issuing invoices for your services....

[lucyclarityumbrella]

This is down to the tax avoidance was not illegal, tax evasion was - then HRMC changed their mind

[lucyclarityumbrella]

If this was done via salary sacrifice, then you would need to find an umbrella that operates with your childcare voucher provider, if they don't then you would have to change to go via the government scheme as no new applications to the voucher process are now allowed direct from the employer....

[lucyclarityumbrella]

They have to ensure that you receive the NLW at £8.72 based on the hours worked during the period....

[lucyclarityumbrella]

Yes we can, the complexities come if the agency is UK based. Again it's fine but the invoice would be raised in Euro's with VAT added, this has to be converted when we receive the funds, so be aware that your day rate will change based on that conversion and the FX rate. But yes it is possible :smi...

[lucyclarityumbrella]

Depends on the contract, but even if it did there is no real way to enforce it....