My Wallet Employee Benefits

Making pay more rewarding

If you sign up with People Group you’ll get access to one of the best benefits packages available to contractors.

My Wallet is a points based rewards scheme where you earn points every time you are paid. Points can be redeemed for the benefits that you want, be it professional development courses, our popular Taste Cards, rebates on shopping or even cash in your pay.

Along with a weekly contribution into a loyalty fund, paid out as a bonus in December*, you’ll also receive discounts and savings on fitness, family activities and holidays. The Anytime Wages service gives contractors the facility to have some of their wages before pay day. Available 24 hours a day, 7 days a week, funds are typically paid within the hour*.

The full My Wallet benefits package is available alongside our payroll options where you see this symbol:

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People Umbrella

Suitable for all types of industries.

Working through our umbrella solution is very simple. Once you are registered your agency will send us your pay details each week for processing. Payment is one week in arrears and made to you by 9am each Friday.

People Umbrella Ltd will become your employer and you’ll have a contract of employment with us which you’ll need to agree via your online portal once you have signed up.

Generally, you’ll complete your timesheet with the agency although sometimes these are sent direct to us. All taxes and national insurance will be deducted automatically and if you are part of the pension scheme this will also be shown as a deduction on your payslip.

When you are paid via an umbrella company your rate of pay would usually be increased by your agency to take account of additional Employer deductions that will show on your payslip.

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People PAYE

Ideal for contractors working across a wide range of industries.

People PAYE is based on the popular US Professional Employment Organisation model and is one of the simplest and most rewarding options for contractors and agencies alike.

PAYE is the standard method of payment for employees in the UK. It stands for Pay As You Earn. Being the simplest method of payment, it is often a popular and straightforward choice for contractors, if available.

When you are paid PAYE the only deductions from your payment will be for tax, National Insurance and Pension (if you are enrolled). No fee, no employer deductions, straightforward and simple. Payday is Friday before 9am and all pay details and benefits are available through your online portal.

Not all agencies will be able to offer you PAYE, but it is always worth asking the question.

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People CIS

Suitable for those working self-employed in the construction industry.

People CIS takes away all the burdens of administration and paperwork to allow our self-employed workers to simply get on with their contract role.

Construction Industry Scheme or CIS as it’s more commonly referred to, is a service launched by HMRC for genuinely self-employed workers working within construction.

Making life very simple for you, we invoice the agency or end clients on your behalf, produce your pay advice and pay you directly.  All CIS taxes deducted are submitted and paid over to HMRC for you.

If you need to register for CIS, or have any general questions relating to your registration you can contact HMRC’s dedicated team on 0300 200 3210. You’ll still need to complete your self-assessment tax return at the end of the year.

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People Pro

Suitable for contractors wanting to keep their Ltd Company status whilst remaining compliant with all current legislation.

The People Pro model was introduced to protect the commercial interests of all those involved in the supply of temporary labour into organisations such as the NHS, schools, Government departments, the BBC and Channel 4, plus construction companies undertaking projects funded by the public purse.

People Pro therefore assumes that the vast majority of contractors will fail the online (Employment Status Service) test introduced by HM Revenue & Customs and therefore automatically pay all due taxes and NICs as employment income.

Fully operational, People Pro is a two man company model (and not a PSC) which falls outside of the Off-payroll legislation as all tax and NICs are deducted at source with any liability remaining with us, the payroll provider.

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People PSC

Suitable for high earners who are not under any supervision,
direction or control.

Contracting through your own Limited Company is often the most tax efficient payment vehicle available to higher earners. If you fall outside of IR35 and SDC regulations, People PSC can be the preferred option to maximise your take-home pay while remaining fully compliant.

As Ltd Company Director, you will usually need to hire an accountant to assist in the set up and administration of the company. People PSC can provide a full accounts service along with support and advice every step of the way.

People PSC will pro-actively monitor and assist your Limited Company with any financial opportunities and offer guidance on legislation and compliance. Whether you currently have an established Limited company or are new to contracting, we can offer a total accounts service.

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