Payroll Company Breakdown – Construction

Umbrella Scheme

The umbrella scheme is an employed system where your contract rate given to you for a position is the total amount it costs to pay you rather that how much you get paid. So along with your tax and NI being deducted. You are also deducted an Employers NI along with a margin fee. The margin fee is the payroll companies take for handling your tax and passing it onto HMRC. They all have slightly different margins and other benefits which you can see listed.

PAYE (Paid internally by Initial Recruitment)

This is a standard employment scheme like any other job where you are deducted your tax and National Insurance and nothing else. As the rate advertised by us is the contract rate, your pay rate will be lower but because of the other deductions (from the Umbrella scheme) not being made your weekly pay will be the same.

Extra info and differences between them

With both pay options you accrue holiday pay from the hours you work and can be paid to you when you take any time off or you finish an assignment or take work elsewhere. The only difference to your pay is the ability to “opt out” of the payroll companies holiday scheme meaning the holiday pay you accrue can be paid into your wages each week giving your wages a boost. But this also means that if you were to take time off you will not be paid.

Crest Plus Operations – Umbrella & CIS

Margin – £19.00 per week. £9.75 if you worked 15 hours or less.

Public liability insurance whilst on site as well as travelling to and from site.

Access to their benefit scheme including deals whilst shopping at select stores.

Big Fish Group – Umbrella & CIS

Margin – £19.00 per week. £10.00 per week If earnt £200 or less. £5.00 If worked 1 day or less.

Public liability insurance whilst on site.

Access to their benefit scheme including deals whilst shopping at select stores.

Clipper – Umbrella & CIS

Margin – 4.5% of gross pay capped at £19.00 per week.