Agency Salary Costs | iBalance Umbrella Company - Payment Services for Contractors and Agencies | CIS IR35, MSC compliant, Bristol, PAYE, pay calculator, agency portal, hm revenue, expense claims

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Agency Salary Costs

Agencies paying temporary workers PAYE have the following additional minimum costs:

Employer's National Insurance contributions
Statutory holiday pay *

One of the major benefits for recruitment agencies is that all your associated employment costs and risks are covered by the umbrella company. The cost of outsourcing these liabilities is usually born by the contractor as fees paid to the umbrella company.

Contractors can normally recover more than the umbrella fee by claiming legitimate contract expenses.

You can use our calculator below to work out your minimum hourly costs from a PAYE salary offer - alternatively, use our 'take-home' calculator to show your net pay and compare against agency payroll.

Contractor's Pay


Agency PAYE Rate per hour:
Typical hours per week:

Total cost per hour:	£24.95	25 %

Notes

Employers' NIC is currently 12.8% on gross salary after a £7072 starting threshold.
All workers (including agency workers) are statutorily entitled to 5.6 weeks paid holiday. This increases hourly rates by over 10% (rate x 52/(52-5.6)).

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