MyPay Margin
MyPay is set up to suit your individual requirements. So whether you are paid weekly or monthly, or enjoy time off between contracts, we are set up to meet your needs.
Umbrella |
Fee |
Cost to you |
Cost to you |
Cost to you |
Weekly |
£25.00 |
£14.04 |
£11.54 |
£9.04 |
Monthly |
£85.00 |
£47.77 |
£37.00 |
£26.23 |
*Based on tax thresholds announced by HMRC in May 2009, basic rate is calculated at 20%, higher rate is calculated at 40% and National Insurance at 11%.
MyPay will Pro Rata the cost to you on an individual basis, if you are working less than half a full week.
To keep your costs down we operate our Umbrella on a no timesheet, no charge basis, so when you’re not working there is no cost to you.
We also operate our margin on a flat rate with no hidden extras. This means by taking a flat amount, if you get a well earned pay rise, our margin remains the same with the extra money going straight into your pay.
