I've had an illustration from PayStream and, as expected, there's a deduction of 12.07% from the Gross Pay to account for holiday pay. However, in addition to that, they have another charge of almost 15% of the holiday accrual labelled "Employers Costs on Holiday Pay"
I wasn't expecting to have to pay anything extra to manage the holiday pot, and certainly not that much so just wanted to check if this is normal? If so, what services does it cover?
Also, it looks like they're charging an admin fee for using Salary Sacrifice, which is being taken from the Gross Pay rather than the Umbrella Income - is there any reason this is treated differently to their margin, which is taken before the Gross Salary?
I can of course query this with them directly but figured folks here may have some useful insight before doing so.
Thanks in advance.
I wasn't expecting to have to pay anything extra to manage the holiday pot, and certainly not that much so just wanted to check if this is normal? If so, what services does it cover?
Also, it looks like they're charging an admin fee for using Salary Sacrifice, which is being taken from the Gross Pay rather than the Umbrella Income - is there any reason this is treated differently to their margin, which is taken before the Gross Salary?
I can of course query this with them directly but figured folks here may have some useful insight before doing so.
Thanks in advance.
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