What type of contract would I be employed under?
As an employee of MP Capital, you are employed under an ‘over-arching’ contract. This allows us to offset your expenses (for full list of what you can submit see the Expenses Explained section below) against your tax by putting into place an arrangement, which replaces some of your salary with expenses, which are paid free of tax and National Insurance.
What benefits do I receive?
As an employee of MP Capital, you will receive all the statutory benefits that you’d expect as an employee, such as sick pay, maternity/paternity leave and holiday pay. All of your tax and National Insurance contributions are automatically deducted from your salary and paid to HMRC, allowing you to relax in the knowledge that everything is taken care of for you.
Am I eligible to register with MP Capital?
As long as you earn a minimum of £9 an hour and are working on a temporary assignment which is due to last less than 24 months, most workers are eligible to join MP Capital. There are a few exceptions, which include-
- Gangmasters Licensing Authority as current legislation states that umbrella companies are unable to hold GLA licenses.
- Students. As students do not contribute tax, you would not benefit from a tax saving payroll system.
Am I eligible if I am a non-UK citizen?
Yes. All you need to register is a proof of address and ID, as well as a copy of your visa that shows you are permitted to work in the UK. Due to current EU legislation, citizens from Romania and Bulgaria do not qualify for an immediate right to work in the UK, however they can apply for a blue card visa. This visa would then allow you to be register with MP Capital.
Do I need to hold Public Liability insurance?
No. As an employee of MP Capital, you are automatically covered by our policy. We hold £10m Employers Liability and £5m worth of Public Liability insurance, ensuring that you are fully covered at all times.
What can I claim on expenses?
For full details of all the claimable expenses, see the ‘Expenses Explained' section below. Expense claim forms must be submitted by no later than 5pm on Tuesday, to be included in that weeks payment.
How do you work out my holiday pay?
Holiday pay is accrued at 12.07% of your taxable income. This is equal to 20 days holiday per annum, plus eight bank holidays. Holiday pay is claimed by submitting a holiday claim form to us. The holiday pay will then be processed and paid at the same time as your regular wages. The deadline for holiday claims is 12 noon on Monday of each week for payment on Friday.
Do I get paid regularly?
Yes. MP Capital can process payments weekly, fornightly or monthly, depending on the arrangement with the agency or client that you are undertaking the assignment for. Your money will be in your account on the same day that we receive cleared funds to cover your payment. Once you have been paid you will be notified by a text message sent to your mobile phone to let you know that the funds have been sent to your account.
Do I receive normal pay slips?
After you have been paid, a wage slip is posted or emailed to you, along with an expense claim form. The payslip includes everything you’d expect to see, including your hours, your rate of pay and your total gross earnings, making it simple to keep track of exactly what you are receiving.
What is the 24 month rule?
If you are expecting to be working in the same job, at the same site for more than 40% of your time for a period greater than 24 months, that site becomes a permanent workplace and you can no longer claim expenses relating to your assignment at that location. Please contact our Customer Service Team if you need assistance with this issue.
Expenses Explained
As an MP Capital employee the best way to ensure you are able to maximise your take-home pay is to regularly submit claims for your work-related expenses. You can also submit your expenses through this web site.
Provided we receive your expenses by no later than 5pm on Tuesday, we will ensure that they are processed and delivered with your next payment. You can now submit your expenses on line, log in details have been sent to your email address or mobile phone.
There are a number of expenses that you can legitimately claim. They are:
- Business mileage in your own vehicle, including travel to and from a temporary workplace. Mileage is claimed at 45p per mile for the first 10,000 miles and 25p thereafter. There are reduced rates for travel by motor cycle or by pedal bike.
- Business related travel by public transport.
- Overnight accommodation if staying away from home and related meals and incidental expenses.
- The reasonable cost of subsistence when working at a temporary workplace.
- Training Courses which relate to your work.
- Membership of a Professional Body.
- Work related telephone calls. (Must be itemised on a telephone bill, we cannot allow claims for top up cards).
- Equipment purchases which are related to your work.
- Uniform, safety equipment and work clothing.
All expenses claimed must be submitted on the correct claim form, which must be signed by you, and supported by the appropriate receipts, alternatively, you can submit them yourself on line. Expense claims that are not completed correctly will not be processed.
Expenses are paid to you included in your wages and are not subject to tax or National Insurance, they are not paid in addition to wages.