Anyone ever done a PAYE contract?

[eek]

I’ve done a short PAYE contract. Day rate terms, not FTC. Holiday pay was taken off the rate and banked to either use or paid back on termination. It’s basically an agency worker/temp setup. The best bit about that contract was like yours the rate was already net of employer NICs, unlike brolly rate so it worked out quite well.

You was robbed then on a PAYE contract holiday pay shouldn't be taken off the rate, it should be paid out of the agency margin.

If you had been quicker an employment tribunal or small claims court could provide you with a small payday.

[northernladuk]

How on earth do you get yourself in to so many situations like this?

[CheeseSlice]

I’ve done a short PAYE contract. Day rate terms, not FTC. Holiday pay was taken off the rate and banked to either use or paid back on termination. It’s basically an agency worker/temp setup. The best bit about that contract was like yours the rate was already net of employer NICs, unlike brolly rate so it worked out quite well.

[eek]

No holiday pay it seems. Looks like the consultancy itself are acting as the umbrella, but paying the employer NI.

Know what you mean about the pension. Useful to be able to lump a lot into pension rather than lose over 50%.....

This offers a pension but it looks like just the bog standard minimum by law one.

No holiday pay isn’t a PATE contract and it’s utterly illegal ( as in instant/ automatic win at a employment tribunal ).

where do you find these agencies as that’s a very stupid one

[psychocandy]

PAYE contract should be a Fixed term contract with holiday period similar to that of permanent employee. Sick pay may differ but that's often the case for probation periods anyway.

The sole reason for using an umbrella (on the contractor side of things) is Salary Sacrifice into a pension. Beyond that a PAYE contract (at a suitable rate of pay) trumps an inside IR35 umbrella gig.

No holiday pay it seems. Looks like the consultancy itself are acting as the umbrella, but paying the employer NI.

Know what you mean about the pension. Useful to be able to lump a lot into pension rather than lose over 50%.....

This offers a pension but it looks like just the bog standard minimum by law one.

[eek]

Yet another variable to add in to the rate calculation I guess.....

I'm guessing same as umbrella but, instead, they're paying the employer NI and just paying you as a fixed term contract salary?
(Obviously, with umbrella there's the employer NI, and umbrella margin to take out).

Anyone ever done one?

I'm guessing though, they dont generally include hols and sick pay like a proper FTC would? Or do they?

PAYE contract should be a Fixed term contract with holiday period similar to that of permanent employee. Sick pay may differ but that's often the case for probation periods anyway.

The sole reason for using an umbrella (on the contractor side of things) is Salary Sacrifice into a pension. Beyond that a PAYE contract (at a suitable rate of pay) trumps an inside IR35 umbrella gig.

[psychocandy]

Yet another variable to add in to the rate calculation I guess.....

I'm guessing same as umbrella but, instead, they're paying the employer NI and just paying you as a fixed term contract salary?
(Obviously, with umbrella there's the employer NI, and umbrella margin to take out).

Anyone ever done one?

I'm guessing though, they dont generally include hols and sick pay like a proper FTC would? Or do they?