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  Days per Month
 
  Tax Code
 
  Mileage expenses (£)
 
Contractor Name (Optional)
 
Employment Business Name (Optional)

SmartWork
With Expenses
With Pension
SmartWork
Without Expenses
With Pension
SmartWork
With Expenses
Pension Opted-Out
SmartWork
Without Expenses
Pension Opted-Out
Outside IR35 PSC
No Expenses
No Pension
Inside IR35 PSC
No Expenses
No Pension
Assignment Rate / Contract Rate / Umbrella Rate 0 0 0 0 0 0
Net Pay 0 0 0 0 0 0
Assignment Income / Contract Rate / Umbrella Income 0 0 0 0 0 0
SmartWork Margin 0 0 0 0 0 0
Sub-Total 0 0 0 0 0 0
Mileage Expenses that are not re-billable to client 0 0 0 0 0 0
Other Business Expenses that are not re-billable to client - - - - - -
Net Assignment Income 0 0 0 0 0 0
Employer Deductions
Net Assignment Income 0 0 0 0 0 0
Employer National Insurance 0 0 0 0 0 0
Apprenticeship Levy 0 0 0 0 0 0
Employer Pension 0 0 - - - -
Gross Pay for NI and Pension 0 0 0 0 0 0
Payslip Details
Gross Pay exc. Mileage Expenses 0 0 0 0 0 0
Salary 0 0 0 0 0 0
Holiday Pay (paid in advance) 0 0 0 0 0 0
Search Pay (paid in advance) 0 0 0 0 0 0
Notice Pay (paid in advance) 0 0 0 0 0 0
Bonus 0 0 0 0 0 0
Total Gross Pay inc. Mileage Expenses 0 0 0 0 0 0
Equivalent Annual Gross Salary 0 0 0 0 0 0
Employee Pension 5% 0 0 0 0 0 0
Gross Pay for Tax 0 0 0 0 0 0
PAYE Tax 0 0 0 0 0 0
Income Tax at Basic Rate (20%) 0 0 0 0 0 0
Income Tax at Higher Rate (40%) 0 0 0 0 0 0
Income Tax at 45% 0 0 0 0 0 0
Employee National Insurance 0 0 0 0 0 0
Total Employee Deductions 0 0 0 0 0 0
Accountancy Fees & EL, PL & PI Insurance 0 0 0 0 0 0
Corporation Tax 19% 0 0 0 0 0 0
Dividends 0 0 0 0 0 0
Tax on Dividends 0 0 0 0 0 0
Net Pay 0 0 0 0 0 0
Retained Income
Net Pay less Mileage Expenses 0 0 0 0 0 0
Mileage Expenses 0 0 0 0 0 0
Funds Transferred 0 0 0 0 0 0
Effective Net Pay (52 Weeks) 0 0 0 0 0 0
Employer & Employee Pension 0 0 0 0 0 0
Reduction in Net Pay compared to outside IR35 PSC 0 0 0 0 0 0

Assumptions:
SDC does not apply. Example amounts of non-rebillable Mileage Expenses are shown in two “With Expenses” illustrations.
Mileage Expenses are processed through SmartWork and are reflected in this illustration.
Other non-rebillable Business Expenses are recovered through your annual Self Assessment Tax Return.
Re-billable Expenses (client-approved and with receipts) are paid separately to you, without charges or deductions.
A full Personal Allowance has been applied with a tax code of 1250L.
over 48 weeks Effective Net Pay takes into account the reduction in Personal Allowance for annual income over £100,000.
This table is for illustration purposes only and is based on 20/21 tax and NI rates. Actual values will vary based on your personal circumstances.

 
Smartwork Calculator & Key Information Document
Daily Rate Days per Month Tax Code Mileage Expenses
With Expenses
With Pension
Without Expenses
With Pension
With Expenses
Pension Opted-Out
Without Expenses
Pension Opted-Out
Outside IR35 PSC
No Expenses
No Pension
Inside IR35 PSC
No Expenses
No Pension
Assignment Rate / Contract Rate / Umbrella Rate 0 0 0 0 0 0
Net Pay 0 0 0 0 0 0
Assignment Income / Contract Rate / Umbrella Income 0 0 0 0 0 0
SmartWork Margin 0 0 0 0 0 0
Sub-Total 0 0 0 0 0 0
Mileage Expenses that are not re-billable to client 0 0 0 0 0 0
Other Business Expenses that are not re-billable to client - - - - - -
Net Assignment Income 0 0 0 0 0 0

 

Employer Deductions
Net Assignment Income 0 0 0 0 0 0
Employer National Insurance 0 0 0 0 0 0
Apprenticeship Levy 0 0 0 0 0 0
Employer Pension 3% 0 0 - - - -
Gross Pay for NI and Pension 0 0 0 0 0 0

 

Payslip Details
Gross Pay exc. Mileage Expenses 0 0 0 0 0 0
Salary 0 0 0 0 0 0
Holiday 0 0 0 0 0 0
Search 0 0 0 0 0 0
Notice Advances 0 0 0 0 0 0
Bonus 0 0 0 0 0 0
Total Gross Pay inc. Mileage Expenses 0 0 0 0 0 0
Equivalent Annual Gross Salary 0 0 0 0 0 0
Employee Pension 5% 0 0 0 0 0 0
Gross Pay for Tax 0 0 0 0 0 0
PAYE Tax 0 0 0 0 0 0
Income Tax at Basic Rate (20%) 0 0 0 0 0 0
Income Tax at Higher Rate (40%) 0 0 0 0 0 0
Income Tax at 45% 0 0 0 0 0 0
Employee National Insurance 0 0 0 0 0 0
Total Employee Deductions 0 0 0 0 0 0
Accountancy Fees & EL, PL & PI Insurance 0 0 0 0 0 0
Corporation Tax 19% 0 0 0 0 0 0
Dividends 0 0 0 0 0 0
Tax on Dividends 0 0 0 0 0 0
Net Pay 0 0 0 0 0 0

Retained Income
Net Pay less Mileage Expenses 0 0 0 0 0 0
Mileage Expenses 0 0 0 0 0 0
Funds Transferred 0 0 0 0 0 0
Effective Net Pay (52 Weeks) 0 0 0 0 0 0
Employer & Employee Pension 0 0 0 0 0 0
Reduction in Net Pay compared to outside IR35 PSC 0 0 0 0 0 0

Assumptions:

  • SDC does not apply. Example amounts of non-rebillable Mileage Expenses are shown in two “With Expenses” illustrations.
  • Mileage Expenses are processed through SmartWork and are reflected in this illustration.
  • Other non-rebillable Business Expenses are recovered through your annual Self Assessment Tax Return.
  • Re-billable Expenses (client-approved and with receipts) are paid separately to you, without charges or deductions.
  • A full Personal Allowance has been applied with a tax code of 1250L.
  • over 48 weeks Effective Net Pay takes into account the reduction in Personal Allowance for annual income over £100,000.
  • This table is for illustration purposes only and is based on 20/21 tax and NI rates. Actual values will vary based on your personal circumstances.

 

Smartwork Calculator & Key Information Document

Key Information Document

 

This document sets out key information about your relationship with us and the intermediary or umbrella company 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, 8 am to 6 pm.

 

GENERAL INFORMATION

Contractor name: 0
Name of employment business: 0
Name of intermediary or umbrella company: SmartWork
Your employer: SmartWork
Type of contract you will be engaged under: Employment
Who will be responsible for paying you: SmartWork
How often the umbrella company and you will be paid:

Smartwork Calculator & Key Information Document

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 you assignments.


The money earned on your assignments will be transferred 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 listed below.


Name of umbrella company: Smartwork.com Ltd
Any business connection between the umbrella company, the employment business and the person responsible for paying you: None
Minimum gross rate of pay transferred to the intermediary or umbrella company from us: £0 (exclusive of VAT)
National Minimum Wage (NMW)
Deductions from umbrella income required by law: Umbrella Company deducts £0 margin, Employer’s NICs, Apprenticeship Levy. Auto enrolment employers pension contributions at 3%
Any other deductions from umbrella income (to include amounts or how they are calculated)

Minimum rate of pay to you: National Minimum Wage
Deductions from your wage required by law: PAYE, employee’s national insurance contributions, student loan and any DEO/AOE (contractor dependent). Employee’s pension contribution calculated at 4%
Any other deductions or costs taken from your wage (to include amounts or how they are calculated: None
Any fees for goods or services: None
Holiday entitlement and pay: 28 days per year inclusive of bank holidays
Additional benefits: Additional Pension Options available
Any Opt -out agreements under Regulation 32 You can opt in or out to the Conduct of Employment Agencies and Employment Businesses regulations

Smartwork Calculator & Key Information Document

EXAMPLE PAY
Example Pay Number (EPN) Intermediary or umbrella fees Worker fees
1 Example gross rate of pay to intermediary or umbrella company from us: £0 x 0 0 = £0
2 Deductions from intermediary or umbrella income required by law: Employer’s NI: £0
Apprenticeship Levy: £0
Employer Pension: £0
3 Any other deductions or costs taken from intermediary or umbrella income: Company Margin £0
4 Example rate of pay to you: Pay: £0
5 Deductions from your pay required by law: Employee Pension Contributions: £0
Employee’s NI: £0
PAYE tax: £ 0
6 Any other deductions or costs taken from your pay: N/A
7 Any fees for goods or services: N/A
8 Example net take home pay: Net Pay £0