Rocket Paye, are a forward thinking, contractor focused payroll provider, offering best in class service, coupled with compliance and transparency. Putting your workers at the forefront of what we do, we ensure that all workers are paid correctly, early and are given the support they require throughout the payroll journey. We believe that in a crowded marker place, it is essential to do the simple things well and this is what sets us apart. We have streamlined all our processes to make the worker journey as simple, time efficient and painless as possible. All of our registration forms and website is translatable into
any language that is required and the workers have access to a 24/7 Whatsapp service or a customer help line in business hours. We operate PAYE Umbrella, giving workers consistent employment and CIS giving skilled construction workers the benefit of 20% tax on all earnings. We have a flexible margin structure to suit you and your business and there are multiple options when it comes to paying your weekly invoices with us.
Award winning, multi-accredited, there are lots of reasons, why Rocket Paye are the payroll partner for you.
PAYE Umbrella is a PAYE payment method, backed by an employment contract, providing a worker with consistent employment and one employer, regardless of the amount of assignments they engage with.
Rocket Paye act as the workers employer, providing them with payments that are at least National Living Wage. Continuous employment is so important for contract workers that don’t have guaranteed hours, because when they come to apply for loans, car finance, mortgages or rental agreements, a continuous income from the same employer is vital. So, if your worker, works multiple assignments, with different end clients and even agencies, we can provide that employment stability the worker craves.
On top of this, as the worker is deemed as
employed, they are auto-enrolled into a pension, through our pension partner Smart Pension.
Initially, the worker is deferred for 3 months but then contributes weekly as well as Rocket contributing the employers pension contribution which is now mandatory.
Workers are also entitled to Holiday Pay, with a choice of how it is paid to them, whether it be advanced each week or accrued into a pot, ready to be claimed when the worker actually goes on holiday.
Finally, the worker has the security of knowing that if they are sick or have a baby, they are entitled to SSP, statutory Mat and Pat Pay.
All in all, a solution for the temporary worker, that creates security, stability and opportunities for their future.
CIS is the payment option for skilled construction operatives, who are deemed to be NOT under supervision, direction and control. Using a valid Unique Tax Reference number or UTR number and a personal NI number, workers can take advantage of a flat 20% tax deduction on all earnings, regardless of the amount they earn.
Our systems integrate directly with HMRC allowing us to verify a UTR number at source within a matter of seconds, ensuring accurate payments every time.
CIS workers are required to submit a self-assessment at the end of each tax year, where they can submit their yearly expenses and their yearly earning to calculate any additional tax that is due or in some cases, what tax rebate is due. Rocket Paye are partnered with an accountancy practice that can aid workers with their tax returns.
A flexible payment method, where we take a workers Gross wage and deduct the necessary 20% tax, whilst providing all the benefits of self-employment and the flexibility these workers crave, when choosing their own hours and pay rates.
Professional Passport is completely independent of any provider, agency or end client and as such are in a unique position to objectively advise each sector of the marketplace. Their compliance standards go further and are designed to not only ensure that providers that are recommended operate compliantly within HMRC tax rules but also across the many other areas of legislation that apply. PP require the highest level of transparency in their operations to ensure workers are clear on any arrangements entered in to.
PP are continually reviewing and updating our standards to keep our providers at the forefront of operational standards and driving best practice across the sector. Furthermore, often
legislation does not change but how this is interpreted and enforced can so we ensure any enforcement changes are reflected in the compliance standards.
These high standards have meant that PP are the only compliance accreditation that is supported by blue chip insurance and therefore we will never compromise our standards.
As well as PP’s ongoing formal assessments of their providers, they receive continual market intelligence from all of their members. If any information was provided that suggested something was not right they always act immediately and fully investigate.
This market intelligence also helps keep up fully up to date with any new ‘have I got a great idea for you’ offerings entering the market. This complete picture also helps PP with new enquiries for compliance reviews as they are often already aware of the provider and their offerings; some of these conversations can be quite short.
Where PP review a provider they will apply their comprehensive range of standards and checks across all the offerings available to ensure that if you, our member, recommend a worker to a provider you can do so safe in the knowledge that PP have signed everything offthis is not the case with other compliance reviews on the market.
of what we are looking for, merely that they are looking at their current offering. This gives PP a clear understanding of that provider’s offering and knowledge.
This work ensures PP accurately highlight any shortfalls and are able to fully advise a provider. At the end of this process the provider will understand our compliance standards and once any remedial action has been taken, PP would be able to carry out a review.
“WHERE PP REVIEW A PROVIDER THEY WILL APPLY THEIR COMPREHENSIVE RANGE OF STANDARDS AND CHECKS ACROSS ALL THE OFFERINGS AVAILABLE TO ENSURE THAT IF YOU, OUR MEMBER, RECOMMEND A WORKER TO A PROVIDER YOU CAN DO SO SAFE IN THE KNOWLEDGE THAT PP HAVE SIGNED EVERYTHING OFF”
PP are often asked why we do not publish our detailed compliance standards; the answer is quite simple:
When PP receive an enquiry from a provider their first step is to spend a day with them to understand what they do. PP provide no details
The compliance review documents their processes and procedures across all their offerings as well as obtaining supporting evidence that demonstrates a robust and consistent application of those processes.
Whilst PP do carry out periodical checks on the financial standings of providers they do not have any day to day control of their finances and therefore recommend that members carry out their own financial due diligence on providers they are considering.
The SafeRec Certification is a Certification for umbrella companies, specifically tailored for recruitment agencies and their clients. This certification offers real-time auditing of umbrella companies, guaranteeing compliance and upholding ethical standards. By integrating legal assessments and cuttingedge technology, SafeRec Certification assures compliant and ethical practices, benefiting workers, agencies, and the entire supply chain. This proactive approach not only ensures adherence to regulations but also fosters a culture of transparency and trust within the recruitment sector.
Assess contracts, processes and policies used by the Certified Umbrella Company
Audit in real-time each week, all payslips generated by the Certified Umbrella Company
HMRC cross check with Real Time Information (RTI) reports as well as the Umbrella’s HMRC tax account
Communicate with a comprehensive audit each month to all umbrella companies clients
In 2023, Rocket Paye were nominated for The Best Umbrella Company at The Contracting Awards. The Contracting Awards are an evening where the whole payroll industry, industry suppliers and contractor assistance companies come together, to celebrate best practice and elite performance.
As a relatively young, up and coming payroll provider in a crowded market place, it was an honour for Rocket Paye to be nominated in the first place, showing how far we had a come in a short space of time and that people were aware of who we are and what we stand for. With an independent judging panel, made up of industry professionals from all sorts of backgrounds, it was with great shock and
pleasure that Rocket Paye won the award for Best Umbrella Company 2023. To quote some of the judges comments: “A strong and passionate entry about doing things differently and doing things right. They have demonstrated impressive growth which is a testament to their commitment to compliance and providing an excellent service” This award has cemented our position in the Umbrella market as the payroll company that will always do things right by the workers we pay, the agencies we partner with and the suppliers we engage with.
We are pleased to announce that we will also be submitting an entry for the 2024 Best Umbrella Award, with the awards evening in November 2024.
Rocket Paye are proud to be an REC Business Partner for Back Office support and Umbrella services. The REC are the Recruitment membership body, that provide legal help and support for all recruitment agencies across the UK. They strive to make the industry easy to operate in and endorse on the best suppliers that they feel will benefit agencies.
In the last 18 months, The REC have been cautious with which Umbrella companies they endorse in particular,
due to a few industry hiccups, so the fact they are comfortable to endorse Rocket Paye as a reputable supplier to the recruitment industry, says a lot about what we are doing in the market place and how we operate. Rocket Paye are ever present at REC conferences and can excitedly announce, that for the first time since the pandemic, The REC are doing their popular REC Live conference in which Rocket Paye will be exhibiting! If you are attending, come and say hi. It is currently scheduled for June 25th.
As part of our value add to our agency partners, we have gone the extra air mile and partnered with American Express as an approved merchant, so we can accept payments for your weekly invoices. There are huge benefits for this which are laid out below:
- For every invoice we raise, you can pay using your American Express card and accumulate AMEX points for every £1 you spend.
- You are effectively being rewarded for paying an invoice you would normally pay anyway
- Take advantage of up to 54 days credit
- Cash in your AMEX points for business class flights, hotels, car hire and much more
Rocket Paye do most of the leg work for you, in organising a call with AMEX, getting your spending limit set up and taking payment without you lifting a finger. All you need to do is tell us when you want to use your AMEX card and when you want to pay using the traditional bank transfer.
*Side note, there is a 1.55% charge which is invoiced to you on top of your gross invoice weekly.
Rocket Rewards, a cutting-edge loyalty program, is soaring above traditional offerings, capturing the attention of our workers. We delve into the captivating universe of Rocket Rewards and explore why it has become a game-changer in the rewards landscape.
Rocket Rewards stands out by offering a dynamic and flexible approach to loyalty. Unlike conventional programs that confine users to a limited set of redemption options, Rocket Rewards propels its participants into a cosmos of possibilities. From travel perks and cashback to exclusive experiences and brand collaborations, the program’s versatility is unmatched.
Launchpad for Exclusive Experiences:
Beyond conventional rewards, Rocket Rewards offers access to exclusive events and experiences. Whether it’s VIP access to concerts, behind-thescenes tours, or private gatherings, members are granted an exclusive passport to events that money can’t always buy.
Cosmic Redemption Options:
The redemption options with Rocket Rewards are virtually limitless. Participants can use their points to book flights, purchase merchandise, contribute to charity, or even offset credit card bills. The
flexibility empowers users to tailor their rewards to align with their personal preferences and aspirations.
Interstellar Travel Perks:
For those with a penchant for exploration, Rocket Rewards often collaborates with travel partners, offering unbeatable perks. These may include discounted hotel stays, priority boarding, and even complimentary upgrades, turning every journey into a first-class adventure.
Constellation of Partner Brands:
Rocket Rewards has strategically aligned itself with a constellation of partner brands, expanding the scope of rewards to encompass a wide range of products and services. This network effect ensures that users can earn and redeem points across an extensive ecosystem.
Navigating the Launch:
Getting on board with Rocket Rewards is a straightforward process. Users can sign up for the program through a simple email or phone call. Once enrolled, they begin accumulating points with every qualified transaction. The more engaged and loyal a participant, the faster they ascend through different tiers, unlocking increasingly attractive rewards.
We are thrilled to unveil a powerful addition to our website that promises to make your experience even smoother – the brand-new Help Hub section!
Our Help Hub is your one-stop destination for all the assistance and guidance you might need. We understand that sometimes, a little extra help goes a long way, and that’s precisely what this hub is designed to provide.
Explainer Videos: Your Visual Guides
Embark on a journey of clarity with our comprehensive library of explainer videos. These engaging visual guides cover a wide array of topics, from navigating our payslips to maximizing the benefits of our services. With step-by-step instructions and real-time demonstrations, our videos ensure that you never feel lost or uncertain.
Downloadable Documents: Your Handy Resources
Knowledge at your fingertips! Our Help Hub is equipped with downloadable documents that serve as valuable resources. Whether you prefer having information at your convenience or wish to keep a handy reference guide, these documents cover FAQs, user manuals, and helpful tips to enhance your overall experience.
Efficiency: Say goodbye to time-consuming searches. Our Help Hub is organized for quick access, ensuring you find what you need without any hassle.
Visual Learning: Not a fan of long reads? Dive into our explainer videos for a visual walkthrough. Learn at your own pace and revisit topics whenever necessary.
On-the-Go Assistance: Download documents and take them with you wherever you go. Whether you’re offline or just prefer a hard copy, our resources are designed to be accessible anytime, anywhere.