KEY INFORMATION DOCUMENT
This document sets out key information about your relationship with Morgan McKinley including details about your pay when engaging via a Personal Service Company (PSC) and the off-payroll rules do not apply (outside IR35). This document can be used in order to help you make an informed decision before commencing on an assignment.
Morgan McKinley will process a gross payment to the verified PSC’s bank account and under S.44-47 of Income Tax (Earnings and Pensions) Act (‘ITEPA’) 2003, the PSC is responsible for ensuring any payment received in consequence of services is treated as employment income where applicable.
When engaging as a PSC you will have the option to opt out of the Conduct Regulations, this will be within the terms of business before you start any contract. Please note, if you are working with vulnerable persons you cannot opt out of the Conduct Regulations.
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 |
| How often you will be paid: | 21-day payment terms |
| 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: | Not applicable |
| Any other deductions or costs from your pay: | Not applicable |
| Holiday entitlement and pay: | Not applicable |
| Additional benefits: | Self-bill invoicing |
EXAMPLE WEEKLY PAY
| Example rate of pay: | £500 per week (based on a 5-day working week) |
| Deductions from your wage required by law: | Not applicable |
| Any other deductions or costs from your wage: | Not applicable |
| Example net take home pay: | £500 |