Maddison Group’s Umbrella Scheme for Education Professionals is an excellent payment route for Supply Teaching professionals who want some of the benefits a Limited Company route can offer but without the admin or statutory responsibilities.
Our Umbrella Scheme seeks to maximise your income whilst minimising the cost to you. We operate a sliding scale fee structure, with fees from a little as £0.01p! Keeping our fees in line with your income gives you best possible pay.
With Maddison Group Umbrella Scheme you won’t have to worry about IR35 or the Managed Service Company legislation and will retain statutory employment rights such as Holiday Pay, Statutory Sick Pay (SSP) and Statutory Maternity Pay (SMP).
With the support of payroll, credit control and customer support specialists, Maddison Group take care of all your invoicing, tax and NI management. You can be confident that, as a Maddison Group contractor, you will receive excellent net pay returns after tax and fees.
Benefits
- Expense allowances
- Essential mileage allowances
- Increased net pay
- Reduced taxation
- Paid on time, every time
- Full employment status
- Weekly payslip and expense forms
- Weekly text message net pay alerts
- Dedicated payroll team
- No joining or exiting fees
- Fully insured
- Personal accident benefit
- Full admin support
- Manage your account via ‘Mad Mail’
Fee Scales
| Gross Pay | Maddison Group Fee |
|---|---|
| £1 - £120 | £0.01 |
| £121 - £240 | £8 |
| £241 - £360 | £12 |
| £361 - £480 | £16 |
| £481+ | £20 |
| PAYE Gross Pay | PAYE Net | Maddison Group Umbrella Gross Pay | Maddison Group Fee | Expenses Processed | Maddison Group Umbrella Net |
|---|---|---|---|---|---|
| £109 | £109 | £120 | £0.01 | £26 | £115.79 |
| £218 | £187 | £240 | £8 | £48 | £201.03 |
| £327 | £262 | £360 | £12 | £70 | £277.96 |
| £436 | £338 | £480 | £16 | £92 | £354.90 |
| £545 | £413 | £600 | £20 | £114 | £431.93 |
Figures correct as of November 2010. Assumes a 10% uplift on PAYE rates.
How does Umbrella work
Once you’re on an assignment, after providing us with all the details, Maddison Group will take care of everything for you. We invoice, provide insurances and collect your funds. After deducting our weekly processing fee we pay you via Bankers’ Automated Clearing Services (BACS), clearing in your account on a Friday, in time for the weekend! You will then receive your payslip and a blank expense form.
For an additional £3 per week we can provide a comprehensive Personal Accident Benefit.
Start Earning More...Join Maddison Group Umbrella Today!
Fill in the form and we will send you an application pack immediately!
