PAYE
In this PAYE model, employees pay only employee costs listed below. All other employer related costs are covered by the employer. This model is typically used for
- Agencies looking for a fully outsourced PAYE solution
- Employers running their own in house payroll
The below statutory Employee Deductions are paid for by the employee under this model
- Tax
- Employee's National Insurance
- Employee's Pension (where applicable)
The below statutory Employer Deductions are paid for by the employer under this model
- Employer's National Insurance
- Employer's Pension (where applicable)
- Apprenticeship Levy
PAYE Hybrid
This model is identical to PAYE but the below do not apply to employees set up under this model
- No statutory payments
- No Holiday Pay
- No Pension
Umbrella
Umbrella allows your employees to maximize their take-home pay while enjoying the full range of employment rights. These include:
- National Minimum Wage Protection
- Holiday pay
- Sick pay
- Maternity/Paternity pay
- Company pension benefits
Additionally, your employees maintain a continuous employment record, which is especially useful when applying for loans or mortgages.
This setup ensures that your employees have both financial advantages and job security while benefiting from the flexibility Nxsys Umbrella offers.
Unlike PAYE, in Umbrella you can charge your employees a margin for processing their payroll and employees will pay for all costs (both employee and empoyer deductions) which include the below statutory costs
- Employer's National Insurance
- Employer's Pension (where applicable)
-
Apprenticeship Levy
- Tax
- Employee's National Insurance
- Employee's Pension (where applicable)
Umbrella Hybrid
This model is identical to Umbrella but the below do not apply to employees set up under this model
- No statutory payments
- No Holiday Pay
- No Pension
CIS & Non CIS
If your subcontractors work in the construction industry and are not subject to Supervision, Direction, or Control (SDC), CIS may be an ideal solution for you to enjoy the benefits of self-employment. Similarly, if your subcontractors are deemed self employed but do not work in the construction industry you can set them up under Non CIS
In both these payment models, there is no Tax, National Insurance, Pension or Apprenticeship Levy deductions.
Instead, for CIS subcontractors, you can charge your subcontractors a margin for processing their payroll and depending on each subcontractor's status the system will automatically make the relevant deductions.
In Non CIS, subcontractors are charged a margin only and no other deductions