Contractor Area
Key Information Document (KID)
This document sets out key information about your potential relationship with Spectrum IT Recruitment (South) Limited and the Personal Service Company or Umbrella Company used in the engagement, including details about pay, holiday entitlement and other benefits.
Further information can be found here
NB: the figures noted in the below examples are for illustration purposes only and do not necessarily reflect the rate you have discussed with Spectrum IT Recruitment (South) Limited.
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.
Key Information Document – Personal Service Company (PSC)
The below sets out key information examples about your relationship between Spectrum IT Recruitment and your PSC, including details about pay and any other relevant benefits.
Your name: | <Contractor Name> |
Name of employment business: | Spectrum IT Recruitment (South) Ltd |
Your Employer: | <Personal Service Company> |
Type of contract you will be engaged under: | Supply of contractor services |
Who will be responsible for paying your PSC: | Spectrum IT Recruitment |
How often you will be paid: | Monthly pay schedule (either 4 or 5 week period as advised) |
Expected or minimum rate of pay: | £x per day (excluding VAT) – As agreed at time of engagement |
Deductions from your pay required by law: | N/A |
Any other deductions or costs from your pay (to include amounts or how they are calculated): | N/A |
Any fees for goods or services: | N/A |
Holiday entitlement and pay: | N/A |
Additional benefits: | N/A |
PSC EXAMPLE PAY
(Based on an example rate of £300 per day excluding VAT)
Example rate of pay: | £6,000.00 per month (4 week pay period & excluding VAT) |
Deductions from your wage required by law: | N/A |
Any other deductions or costs from your wage: | N/A |
Any fees for goods or services: | N/A |
Example net pay: | £6,000.00 per month (4 week pay period & excluding VAT) |
Signing on as a Personal Service Company:
This document explains your pay information if you engage as a personal service company. If you engage with an employment business as a personal service company, then you can opt out of being covered by the Conduct Regulations.
The opt out must be given in writing to the employment business by both the PSC 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.
Key Information Document – UMBRELLA COMPANY
The below sets out key information examples regarding your relationship with Spectrum IT Recruitment (South) Ltd and the intermediary or Umbrella Company used in your engagement, including details about pay, holiday entitlement and other benefits.
Intermediary or Umbrella Company Pay Information
You are being paid through an intermediary or umbrella company; 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 your assignments.
The money earned on your assignments will be transfered to the Umbrella Company 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.
Your name: | <Contractor Name> |
Name of employment business: | Spectrum IT Recruitment (South) Limited |
Name of intermediary or umbrella company: | <Umbrella Company Name> |
Your employer: | <Umbrella Company Name> |
Type of contract you will be engaged under: | Employment contract |
Who will be responsible for paying you: | <Umbrella Company Name> |
How often the umbrella company and you will be paid: | Monthly pay schedule (either 4 or 5 week period as advised) |
Name of intermediary or umbrella company: | <Umbrella Name> |
Any business connection between the intermediary or umbrella company, the employment business and the person responsible for paying you: | N/A |
Expected or minimum gross rate of pay transferred to the intermediary or umbrella company from us: | £x per day (excluding VAT) – As agreed at time of engagement |
Deductions from intermediary or umbrella income required by law (where applicable): |
|
Any other deductions from umbrella income (to include amounts or how they are calculated) | Umbrella margin as negotiated |
Expected or minimum rate of pay to you: | National Minimum/Living Wage |
Deductions from your wage required by law: |
|
Any other deductions or costs taken from your wage (to include amounts or how they are calculated): | N/A |
Any fees for goods or services: | N/A |
Holiday entitlement and pay: | Dependent on Umbrella Company agreement.Example: |
Additional benefits: | Can include benefits such as:
|
UMBRELLA COMPANY EXAMPLE PAY
(Based on an example rate of £300 per day excluding VAT and no pension)
| Intermediary or umbrella fees | Worker fees |
Example gross rate of pay to intermediary or umbrella company from us: | (20.00 x £300.00) = £6,000.00 |
|
Deductions from intermediary or umbrella income required by law: | Apprenticeship Levy - £26.00 Employer's NI - £693.52 |
|
Any other deductions or costs taken from intermediary or umbrella income: | Company Margin - £79.96 |
|
Example rate of pay to you: |
| £30.94/hour (£4,640.46) + Holiday Pay (£560.06) |
Deductions from your pay required by law: |
| Income Tax - £1,965.77 National Insurance - £142.67 |
Any other deductions or costs taken from your pay:
|
| £0.00 |
Any fees for goods or services: |
| £0.00 |
Example net take home pay: |
| £3,092.08 |
Correct as of June 2024