What is a NI uplift?
The NI Uplift (National Insurance Uplift) is something that some agencies/employers will agree to pay contractors who are going through an Umbrella Company as opposed to working and being paid by them as PAYE employees. When you work through an Umbrella Company, your agency/client will not have to make Employer’s National Insurance payments to HM Revenue and Customs on your behalf. As your agency/client is effectively saving money by not making this payment, they may be willing to pass this benefit on to you. The NI Uplift can range from anything up to 12.8%. If your agency/client decides to pass this benefit on to you, it will be added to your hourly rate. For example: If your rate is £10 per hour and your agency/client decide to pass on the benefit to you, your hourly rate would be £11.28 per hour if you are paid through a Umbrella company. Please note that this benefit is given at the discretion of each agency/client and will need to be discussed with them.
