Deadlines for Umbrella workers?
At the end of the working period (weekly or monthly), timesheets should be submitted and approved by midnight on the following Tuesday (23:59).
Umbrella companies are sent a breakdown of payments on the Wednesday afternoon.
Payment will be sent to Umbrella companies on the Wednesday Evening, to allow payment to the contractor for Friday.
Deadlines for Limited and Self-employed workers?
At the end of the working period (weekly or monthly), timesheets should be submitted and approved by midnight on the following Tuesday (23:59).
Limited Company and self-employed workers will be paid by 10am Friday.
When will the contractor get paid for working this week?
We pay a week in arrears. So if the contractor worked this week, they will get paid the following week Friday; we will never pay a timesheet for work not yet completed.
Deadline related FAQs
Q. What happens if the contractor or client miss the timesheet deadline?
A. It will be added onto the following week’s pay run. More information on chasing timesheets can be found here - Timesheets
Q. When will an Umbrella company make payment?
A. Umbrella companies have their own timelines between receiving funds (and remittance) from Raise and paying funds, so you should always bear this in mind – it’s not an instant transaction from when we send funds.
Q. Are payments instant?
A. If it's GBP, it's instant. Raise sends everything via Faster Payment so it hits instantly. Very occasionally, we may need to send payment via BACS which typically takes three days.
EUR and USD payments take longer to hit accounts – allow up to 3 working days
Q. Who sends the payslips?
A. If working under an Umbrella company, the Umbrella company will be responsible for calculating all PAYE taxes and paying contractor's their actual take home pay. They will also supply the payslip, p45, and be able to explain the breakdown of pay.
Q. Who is responsible for submitting timesheets?
A. While we’ll take reasonable measures to encourage contractors and consultants to complete their timesheets, and clients to sign them off, our responsibility as a business is to pay approved timesheets. It is not to ensure timesheets are submitted or approved. Ultimately, the contractor is responsible for submitting their timesheet. More information on submitting Timesheets can be found here - Timesheets
Q. Can I see the status of a timesheet?
A. If an agency, client or contractor ever wants to know the status of a timesheet, they will be able to see it on the platform. More information on chasing timesheets can be found here - Timesheets