Temp Pay
COS temps are employed as Limited Company Contractor staff through an Umbrella Company. The benefit to you is that you will always receive more net pay than a temp working through an Agency that processes their own payroll inhouse (i.e. under the PAYE scheme). This is due to special tax dispensations given to the Umbrella Company allowing you to claim legitimate expenses against your tax. Limited Company Contractor staff are paid weekly by BACs from their Limited Company Contractor Umbrella Company and their money is received into bank/building society accounts by the Friday following the week worked.
Timesheets
Completed timesheets must be received at our Head Office by 11am on the Monday following the week worked – forms are available in our ‘Downloads’ section (please note that a different timesheet is available for NHS assignments). Please make sure you complete a separate timesheet for each week worked and a separate timesheet for each assignment – for example if you work 2 days in one assignment and 3 days in a different assignment within the same week, you should submit two timesheets for that week. Hours should be added up to the nearest quarter of an hour, with breaks excluded from the totals and you should make a note of any agreed overtime you have worked.
Holiday Pay
Limited Company Contractor staff are paid 5.6 weeks holiday pay (which includes the 8 days bank holidays) per annum, pro rata to the amount of time worked. Please contact your Limited Company Contractor Umbrella Company for details of how you want this to be paid (e.g. hourly or accrued).
At the same time as contacting your Umbrella Company to arrange for payment of your holiday pay, please be sure to let your COS Consultant know the dates of your absence so that we can liaise with our client to provide any replacement holiday cover staff that they may need.
The Government has set certain rules regarding holidays which include :-
1...You must give twice the amount of notice to take holidays as the total time you want to take off (e.g. to take one week’s holiday you must give two week’s notice).
2...You cannot ‘carry over’ any holiday pay into the next holiday year – if the holiday is not taken it is lost.
Expenses
If expenses have been agreed prior to the start of the assignment please complete our ‘Temp Expense Form’ in the ‘Downloads’ section with the details of your claim, attaching relevant receipts and send with your Timesheet to our Head Office.
Tax
To ensure you pay the correct amount of tax, please complete/send any tax forms to your Limited Company Contractor Umbrella Company as soon as possible.
Leaving COS
Please let your Consultant know if you find another job. If you require your P45 please contact your Limited Company Contractor Umbrella Company who will prepare it after your final pay has been paid. If you need a reference please ask your new employer to contact our Head Office and don’t forget that we’ll be happy to welcome you back at any time that you may need us again in the future.
