FAQ

An Umbrella company takes on the role as the employer for temporary employees/contractors. Recruitment agencies would prefer to pass on employment risk and responsibility to a third party, and this is the role of the Umbrella company. The Umbrella company will agree a rate from the agency, and will then make a margin on this rate. The difference between the payment made to employees and the amount agencies pay the Umbrella company is the margin received by the Umbrella.

Under current rules it is possible to defer enrolling an employee into a workplace pension for a maximum period of 3 months. MG Umbrella will only enrol its temporary workers after they have been employed with us for a minimum three month period. For the employer contribution element of the workplace pension, this will be calculated within the rate we can pay you.

MG Umbrella has been working as an Umbrella company since 2007. The business was originally called Pacific Contractor Ltd. The business started off as a joint venture with another 3rd party. In 2019 we rebranded the company as MG Umbrella so that it would be recognisable as being part of MG Group.

In line with new regulations coming out from April 2020, we hold back holiday pay so that it is paid when you are on holiday. The alternative basis of payment is called "The Swedish Derogation method", and this method of payment will not be allowed from April 2020.

MG Group are not just operating within the Umbrella and payroll sector, we are also a firm of Chartered Accountants, Chartered Tax Advisers and Registered Auditors. We provide a range of services to our clients, including compliance services for individuals as well as compliance services for Ltd companies. We look for long term relationships with our clients, that will span several years and will provide on-going advisory services.