What are Statutory Employee benefits?

When you choose wagecorp, holiday pay, sick pay, maternity and paternity pay are all available, which is why wagecorp is a perfect choice as an umbrella. Statutory payments can be difficult to understand, here is some basic information which you must be aware of.

Holiday Pay with an Umbrella 

Umbrella employees who are on PAYE are entitled to 5.6 weeks’ of paid holiday each year. 

Calculated on 5 days or more worked each week – 28 days’ holiday per year

• 4 days a week – 22.4 days’ holiday

• 3 days a week – 16.8 days’ holiday

• 3 days a week – 16.8 days’ holiday

• 3 days a week – 16.8 days’ holiday

Wagecorp calculates all its holiday entitlement on an annual basis starting in January and ending in December.

You can choose when you take your holidays, although the end client may need to approve leave also.

Holiday pay is the same rate as your usual basic pay. This is the amount you receive from wagecorp as your employer, not the daily rate charged to the end client.

Wagecorp Maternity Pay

Maternity pay is a statutory right regardless of how long you’ve worked for your employer, how much you earn or how many hours you work. The amount of maternity pay you’re entitled to is calculated on how much you earn as follows:

• First 6 weeks – you will receive 90% of your average weekly pay

• Following 33 weeks – you will receive either 90% of your average pay or £145.18 a week (whichever is lowest)

All maternity pay is subject to Income Tax and National Insurance Deductions, and a total of 39 weeks is payable. Maternity pay can only be claimed once you’re within 11 weeks of the due date, and you can’t claim maternity pay whilst you are still working. 

You are not obliged to take the full 39 weeks maternity leave, and may return to work earlier.

Maternity pay for varied week-to-week income is calculated using an 8 week average sum. It is based on the 8 weeks prior, the “qualifying week”, which is 15 weeks before your due date.

Wagecorp Paternity Pay

Male Contractors have a statutory right to take 1 or 2 weeks’ leave with £145.18 or 90% of their average weekly pay (whichever is lowest). Paternity leave can only start once the child is born and must cease within 56 days of birth.

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Wagecorp Sick Pay

When you contract with wagecorp you are classified as a full employee. You are therefore entitled to statutory sick pay. You can get £95.85 per week Statutory Sick Pay (SSP) if you’re too ill to work. It’s paid by wagecorp for up to 28 weeks.

Coronavirus (COVID-19) - Sick Pay

There have been recent changes due to the coronavirus (COVID-19) pandemic, if you cannot work while you are self-isolating due to Coronavirus you could get SSP for every day you’re in isolation. You must self isolate for at least 4 days to be eligible.

If your illness is not in relation to the coronavirus (COVID-19), you will need to be eligible for Statutory Sick Pay  and have been off work sick for 4 or more consecutive days 

including non-working days to get SSP.

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General Statutory Sick Pay

In order for an employee of wagecorp to qualify for Statutory Sick Pay (SSP) they must:

• be employed by wagecorp, be classed as an employee and have undertaken some work for wagecorp 

• earn an average of at least £120 per week

• have been ill for at least 4 consecutive days, including non-working days

How many days you can get SSP for depends on you reason for being off work. 

You must tell your wagecorp if you’re self-isolating because of coronavirus (COVID-19) or sick for another reason before the deadline we set (or within 7 days if we have not set one). You could lose some of your SSP if you don’t inform us.

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