MyPay - UK leading PAYE Umbrella Company for freelance and contractor payroll

MyPay Margin

The MyPay margin is set up to suit your individual requirements, so whether you are paid weekly or monthly, or enjoy time off between assignments our margin structure is set up to suit you.

Umbrella
Service

Margin
(shown on payslip)

Cost to you
(20% tax payer)*

Cost to you
(40% tax payer)*

Cost to you
(50% tax payer)*

Weekly

£25.00

£14.04

£11.54

£9.04

Monthly

£85.00

£47.77

£37.00

£26.23

*Based on HMRC tax thresholds for 2019/20, basic rate is calculated at 20%, higher rate is calculated at 40% and National Insurance at 12%/2%.

To keep your costs down we operate our Umbrella on a no timesheet, no margin basis, so when you’re not on assignment MyPay do not take a margin.

We also operate our administration margin on a flat rate with no hidden extras. This means by taking a flat rate, if you get a well earned pay rise, our margin remains the same with the extra money going straight into your pay.

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