KEY INFORMATION DOCUMENT
This document sets out key information about your relationship with Morgan McKinley, including details about pay, holiday entitlement and other benefits. This document can be used in order to help you make an informed decision before commencing on an assignment.
Pay as You Earn (PAYE) is a method of paying income tax and National Insurance in the United Kingdom. Morgan McKinley is responsible for calculating and deducting tax and National Insurance contributions before paying you. The amount of tax and National Insurance paid is entirely dependent on your salary.
The Employment Agency Standards (EAS) Inspectorate is the government authority responsible for the enforcement of certain agency worker rights. You can raise any concerns with them directly using the contact details below: 020 7215 5000 or eas@businessandtrade.gov.uk
GENERAL INFORMATION
| Name of employment business: | Morgan McKinley Group Limited |
| Type of contract you will be engaged under: | Contract for Services |
| Who will be responsible for paying you: | Morgan McKinley Group Limited |
| How often you will be paid: | Weekly |
| Expected or minimum rate of pay: | As agreed with Morgan McKinley, no lower than national minimum wage. For the purpose of the KID, rate of pay will be £100 per day |
| Deductions from your pay required by law: | Employee National Insurance and PAYE Income Tax. Auto-enrolment into a pension scheme with NEST after a 12 week-qualifying period, there will be a 5% employee contribution based on qualifying earnings. You can choose to opt-out of this scheme directly with NEST. |
| Any other deductions or costs from your pay: | Where directed by HMRC we may process deductions for student loan repayments or deductions relating to an attachment of earnings order (AEO) |
| Holiday entitlement and pay: | You will receive statutory holiday pay as a minimum. This is 12.07% on top of your rate of pay and is equivalent to 20 days annual leave plus 8 bank holidays per annum (28 days in total - 5.6 weeks). Holiday pay is either accrued each week or paid as advance holiday pay (a week in arrears). Accrued holiday pay is paid upon request for annual leave and anything outstanding at the end of the calendar year or the assignment is paid out as a lump sum. In accordance with the Agency Workers Regulations 2010 after a 12-week qualifying period there may be an increase in holiday pay. This is on the basis that a permanent counterpart in the same role receives more than statutory holiday. If applicable, you will be informed by your Consultant. |
| Additional benefits: | Temporary workers are entitled to certain employment rights and statutory benefits including sick pay, maternity pay and paternity pay. Further information can be found on the government website. Morgan McKinley will contribute 3% to the NEST pension scheme once you are auto-enrolled. |
EXAMPLE WEEKLY PAY
| Example rate of pay: | £500 per week (based on a 5-day working week) You will earn separately £60.35 as statutory holiday pay. For the purpose of this KID the holiday is accrued. |
| Deductions from your wage required by law: Example based on 1250L Tax Code | £51.62 PAYE Income Tax and £25.83 Employee National Insurance |
| Any other deductions or costs from your wage: | If you have completed your 12-week qualifying period and have not opted out of the pension scheme you will see a 5% employee pension contribution. Any student loan repayments or AEO as directed by HMRC. |
| Any fees for goods or services: | None |
| Example net take home pay: Estimates for PAYE Income Tax and National Insurance deductions can be calculated using the government tool. | £422.55 This is representative if you do not have any deductions such as pension, student loan or AEO. |