KID Umbrella
Key Information Document ‒ Umbrella Company
This document sets out key information about your relationship with us and the umbrella company or other intermediary used in your engagement, including details about pay, holiday entitlement and other benefits.
The Employment Agency Standards (EAS) Inspectorate is the government authority responsible for the enforcement of certain agency worker rights. You can raise a concern with them directly on 020 7215 5000 or through the ACAS helpline on 0300 123 1100, Monday to Friday, 8am to 6pm.
General Information
| Name of worker: | Patrick John Smith |
| Name of employment business: | Kingston Barnes Limited |
| Name of intermediary or umbrella company: | Liquid Friday Limited |
| Your employer: | Liquid Friday Limited |
| Type of contract you will be engaged under: | Employment contract- You are an Employee of Liquid Friday; this means that you have many right and obligations as laid out in your terms of employment |
| Who will be responsible for paying you: | Liquid Friday Limited |
| How often the umbrella company and you will be paid: | Depending on the particular assignment you are working on you may be paid weekly, monthly, fortnightly or on a project- by-project basis |
Umbrella Company or Other Intermediary Pay Information
You are being employed by an umbrella company or other intermediary: a third-party organisation that will calculate your tax and other deductions and then pay you for the work undertaken for the hirer. We will still be finding you assignments.
The money earned on your assignments will be transferred to the umbrella company or other intermediary as part of their income. They will then pay you your wage. All the deductions made which affect your wage are listed below. If you have any queries about these please contact us.
Your payslip may show you as an employee of the umbrella company or other intermediary listed below.
| Name of umbrella company or other intermediary: |
Liquid Friday Limited |
| Any business connection between the umbrella company or other intermediary, the employment business and the person responsible for paying you: |
NONE |
| The gross or minimum amount that we will transfer to the umbrella company or other intermediary: | As per National Minimum Wage |
| Deductions that will be made to the gross amount paid to the umbrella or other intermediary required by law: | Apprenticeship Levy – As a large employer we are required to pay the UK’s Apprenticeship Levy. This is 0.5% of the total amount we charge the agency, minus our profit margin. Employers National Insurance (NIERS)- The amount we pay HMRC as your employer for National Insurance. Company Employer pension contribution- 3% of gross income paid into our pension provider (auto-enrolment after 12 weeks) |
| Any other deductions that will be made to the gross amount paid to the umbrella or other intermediary’s income: | Company Profit Margin (Maximum £18)- This is the total amount Liquid Friday earns whilst you are on Assignment, this money is used to pay for the running costs of the business and facilitating your Assignment. Holiday pay- You are entitled to 28 days pro-rated, inclusive of bank and public holidays in the UK |
| Expected or minimum rate of pay to you from the umbrella or other intermediary: | Minimum Rate of Pay = The hours you’ve worked multiplied by the National Minimum Wage. |
| Deductions from your wage required by law: | Employees National Insurance Contribution Income Tax If relevant – student or postgraduate loan deductions If relevant – earnings attachment orders |
| Any other deductions or costs taken from your wage: | NONE |
| Any fees for goods or services: | NONE |
| Holiday entitlement and pay: | You are entitled to 28 days pro-rated, inclusive of bank and public holidays in the U.K. |
| Additional benefits: | Access to Liquid Perks, an exclusive shopping platform for Liquid Friday Employees, allows you to save money online, in-store and via your mobile. |
Example Pay
| Umbrella or other intermediary fees | Worker fees | |
| The gross or minimum amount that we will transfer to the umbrella company or other intermediary: | £1000 (£25 per hour for 40 hours a week) | |
| Deductions that will be made to the gross amount paid to the umbrella or other intermediary required by law: |
Apprenticeship Levey £3.95 Employers National Insurance (NIERS) £92.57 |
|
| Any other deductions that will be made to the gross amount paid to the umbrella or other intermediary’s income: |
Company Profit Margin £18 Holiday Pay £95.37 |
|
| Example rate of pay to you from the umbrella or other intermediary: | £790.11 (£1000 minus all employer’s deductions) |
|
| Deductions from your pay required by law: | Employees National Insurance Contribution £79.51 Income Tax £109.60 |
|
| Any other deductions or costs taken from your pay: | NONE | |
| Any fees for goods or services: | NONE | |
| Example net take-home pay: | £600 (£696.39 including holiday pay) |
Conduct Regulations Opt-Out
If you are supplied via an umbrella company or other intermediary, then both parties can opt out of being covered by the Conduct of Employment Agencies and Employment Businesses Regulations 2003 (the Conduct Regulations).
The opt out must be given in writing to the employment business by both the umbrella or other intermediary and the person being supplied to do the work. The employment business cannot encourage you to do this and it must be your own decision.
Agency workers placed in roles working with, or caring for, vulnerable persons cannot opt out of the Conduct Regulations.
This document is for information only and does not qualify as an agreement for opting out of the Conduct Regulations.