Page 9 - People Group - Joint Employment Features, Advantages & Benefits
P. 9
“By reviewing our payroll, we’ve significantly improved our cash flow, increased contractor loyalty and reduced our payroll enquiry levels by 90%”
Marie, Managing Director, Educated Recruitment
How is PEO different from other solutions?
Simplicity Transparency Efficiency
VAT
Umbrella Margin
Employers National Insurance
Employers Pension Contributions
Apprenticeship Levy
PEO Margin Additional employers cost provision Employers National Insurance Employers Pension Contributions Apprenticeship Levy
PAYE
Employees National Insurance
Employees Pension Contributions
PAYE
Employees National Insurance
Employees Pension Contributions
Net Pay
Net Pay
Headline Umbrella rate
All inclusive rate (Incl Holiday Pay)
Contractor Taxable Gross Pay
Contractor Net Pay
VAT applies from 1% to 4% of invoice value*
peoplegroupservices.com
*Annually we assess the actual cost of disbursements and non- disbursements under this model. This process sets the % VAT applicable for the forthcoming year. E.g. (1%to 4%)
07
Umbrella Company
Professional Employment Organisation (PEO)
Total Agency Outgoings Visible to contractors Contractor Pay
Questions
Total Agency Outgoings Visible to contractors Contractor Pay