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Contractor:
Umbrella

If you’re looking for a compliant Umbrella company with pension planning options, award-winning benefits and a variety of packages to choose from, then Giant has the solution for you.

Why do contractors
choose Giant?

Here’s what they had to say; 

Award winning Giant Umbrella

Our Umbrella service is designed to be simple, paperless and hassle-free. We ensure that you receive the right level of support when on assignment, take care of all PAYE tax deductions, give you pension planning options, and provide you with a mobile 1st portal so you can easily access your data.  

Quick response times and a customer service team that are knowledgeable and happy to help is how a lot of our contractors describe working with Giant. We also process payments via faster pay which means same day payments are available immediately. 

All you need to do is complete your timesheets and we will do the rest. We partner with many agencies in such a way that you don’t even have to submit your timesheets to us! 

Our umbrella service is designed to be simple, paperless and hassle-free. We ensure that you receive the right level of support when on assignment, take care of all PAYE tax deductions, give you pension planning options, and provide you with a mobile 1st portal so you can easily access your data.  

Quick response times and a customer service team that are knowledgeable and happy to help is how a lot of our contractors describe working with giant. We also process payments via faster pay which means same day payments are available immediately. 

All you need to do is complete your timesheets and we will do the rest. We partner with many agencies in such a way that you don’t even have to submit your timesheets to us! 

Assumptions:

It is important to note that your agency will quote you the limited company rate, which can often be confusing because this is Giant’s income and not yours. To get your actual taxable gross pay rate, there are a number of deductions that need to be made which include; Employer’s National Insurance, Apprenticeship Levy, Employer’s pension (where applicable) and our weekly net margin. The remaining balance is your taxable gross pay, which is subject to PAYE tax and Employee’s National Insurance. The government recognises this confusion and as part of the Good Work Plan, introduced legislation so that agencies must provide all workers with a Key Facts Document detailing these deductions so you can better understand your actual taxable gross pay rate. If you have not received a Key Facts Document from your agency, please request one from them before you start your assignment.

  1. Salary sacrifice pension contributions save employer’s national insurance and employee tax at your highest rates. For every £2,000 contributed, it costs £1,120 or £880 for a basic rate and higher rate tax payer, respectively
  2. The illustration is based on being opted out of the workplace pension; if you meet the qualifying criteria, you will be auto-enrolled after 90 days and will have the option to opt out after this
  3. If your hirer has no supervision, direction or control over you, you can also claim home to site travel expenses subject to completing a questionnaire that validates this
  4. Your gross pay is made up of Basis Pay, and a Conditional Payment
  5. This illustration is based on holiday being rolled up and pre-paid
  6. Takes into account a personal allowance based on 1257L tax code, taxes at basic rate, higher rate, additional rate and a tapered allowance for income above 100K per year
  7. Joining the optional umbrella plus package which includes additional benefits increases the weekly margin by £3.75. This will reduce your net income by £2.31 or £1.91 for a basic and higher rate tax payer respectively

    Packages to suit
    everyone

    Standard from

    £

    22

    /wk

    Plus from

    £

    25.75

    /wk

    Premium from

    £

    39.50

    /wk

    Pension
    planning options

    We know that for some of you pension planning is important, so we have introduced umbrella premium where you can contribute into your private pension. You can gain significant tax savings by contributing into a private pension – for example as a higher rate taxpayer, for every £2,000 contribution you can save £1,120 and it only costs you £880!  

    These large savings are possible because, not only do you save on your personal tax and employee’s NI, but the contributions also reduce the employer’s NI and apprenticeship levy we pay.  

    At Giant we always pass these employer’s NI and apprenticeship levy savings on to you, but be aware that there are other umbrella companies that do not do this. 

    Man making a phone call whilst making notes on his pension planning options with Giant.

    How Giant
    umbrella works  

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    01-getting-started-without-arrow
    Getting started
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    Getting started
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    Woman completing an expense eligibility form on her laptop.
    Getting started
    Pay day on the way
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    Getting started
    Maximise compliance, minimise complexity

    Join online today.

    We appreciate you are busy, so we’ve made it even easier to join Giant. 

    With us, you can join Giant Umbrella online meaning you don’t have to speak to anyone at all if you don’t want to! Oh and by the way, our margin starts from only £22 per week (£10.85 after higher rate tax relief). 

    Giant Advantage

    Honoured by the Benefits Excellence Awards, Giant Advantage is an extensive employee benefits program that can save you £1000’s each year. 

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    Let’s start your Giant journey