Originally posted by eek
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
My first payslip with IR35 and I don't get it!
Collapse
X
-
-
Originally posted by Paralytic View PostWhat Giant have done is pretty much the default position for for Umbrellas, unless they tell you otherwise. They accrue your holiday pay so that you still get a "as close to normal" pay if/when you do take a week or two off. Any unused holidays accrued will be paid back at the end of the year.
This was the default position, but it has changed over the years. Given the court rulings concerning holiday pay and commission (e.g. Lock v British Gas, etc), a lot of umbrella employers now don't risk the additional liability and pay it out in each pay run, but give the option to accrue if that is the preference.
Kind regards
ZeeshanComment
-
Originally posted by Paralytic View PostWhat Giant have done is pretty much the default position for for Umbrellas, unless they tell you otherwise. They accrue your holiday pay so that you still get a "as close to normal" pay if/when you do take a week or two off. Any unused holidays accrued will be paid back at the end of the year.
Originally posted by PTP View Post-------------------------------------
"Currently, there is £XXX in your holiday pot. ***IMPORTANT*** Please note that the pot empties in January and you lose any unclaimed funds. Therefore, please ensure that you have claimed all holiday pay by the 28th of December."
-------------------------------------merely at clientco for the entertainmentComment
-
I'm not sure if this will help the initial query, but we have a net pay calculator on our website which will demonstrate all of the figures. Umbrella – Contractors | Fair Pay Services
You should have a Key Information Document from your agency (if the assignment started after April) and the figures should be reflected. There is a difference of opinion between agencies whereby some will issue actual examples on the Key Information Documents and some will issue representative examples. I'm sure as time goes on, EAIS enforcement will determine what the acceptable position is and this may result in more accurate information being given upfront.Comment
-
If they do not repay the holiday pay back it is classified as an unlawful deduction of earnings - so definitely not something that should be happening, I would urge all contractors to check that as the figures that you are out of pocket could be huge!Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- What contractors can take from the Industria Umbrella Ltd case Yesterday 23:05
- Is ‘Open To Work’ on LinkedIn due an IR35 dropdown menu? Yesterday 05:57
- IR35: Control — updated for 2025-26 Sep 28 21:28
- Can a WhatsApp message really be a contract? Sep 25 20:17
- Can a WhatsApp message really be a contract? Sep 25 08:17
- ‘Subdued’ IT contractor jobs market took third tumble in a row in August Sep 25 08:07
- Are CVs medieval or just being misused? Sep 24 05:05
- Are CVs medieval or just being misused? Sep 23 21:05
- IR35: Mutuality Of Obligations — updated for 2025/26 Sep 23 05:22
- Only proactive IT contractors can survive recruitment firm closures Sep 22 07:32
Comment