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Redego Compliance Summary

Employment
All workers are employed by Redego which provides clear employment status and takes away all onerous employer responsibilities for the agency.
Insurance – Statutory Employers Liability plus Public Liability and Professional Indemnity.
Holiday Pay – The contractor can optionally accrue or include holiday pay each payment.
Sick Pay – Sick pay is paid in full compliance with employment.
PAYE & NIC – Taxes are deducted and paid to HMRC accordingly.
National Minimum Wage – Employees are always paid at least NMW as salary.
Working Time Directive – We monitor hours worked in accordance with the directive.
Right to Work – Full checks are made before employment begins.
Health and Safety – Contractors agree to our policy before commencing employment.
Staff Handbook – This is available to all employees.
Staff Pension – Contractors have access to a stakeholder pension scheme.
iBalance’s employment contract has been drafted specifically for iBalance by a specialist employment law firm to ensure it provides an ‘over-arching’ contract across different assignments carried out by employee contractors.
New employee contractors are provided with a written contract which complies with s1-7 of the Employment Rights Act 1996 (ERA) and the Employment Act 2002.

Employment

Redego is a limited company registered in England numberĀ 06666972. It operates entirely in the UK, all workers are employed by Redego and all worker payments are made through our PAYE scheme.

Insurance – Statutory Employers Liability plus Public Liability and Professional Indemnity.

Holiday Pay – The contractor can optionally accrue or include holiday pay each payment.

Sick Pay – Sick pay is paid in full compliance with employment.

PAE – Pension Auto Enrolment – All workers are automatically enrolled into our qualifying pension scheme.

PAYE & NIC- All payments are made through PAYE. Tax and NICs are deducted and paid to HMRC accordingly.

National Minimum Wage – Employees are always paid at least NMW as salary.

Working Time Directive – We monitor hours worked in accordance with the directive.

Right to Work – Full checks are made before employment begins.

Health and Safety – Contractors agree to our policy before commencing employment.

Staff Handbook – This is available to all employees.

Redego’s employment contract has been drafted specifically for Redego by a specialist employment law firm to ensure it provides an ‘over-arching’ contract across different assignments carried out by employee contractors.

New employee contractors are provided with a written contract which complies with s1-7 of the Employment Rights Act 1996 (ERA) and the Employment Act 2002.


Expenses Policy

Redego extensively validates contractor expense claims, we have invested greatly in online expense validation systems which checks everything from dates worked to postcodes for travel locations.

  • We only allow contractors to claim work related expenses in accordance with HMRC rules for Employee Expenses.
  • We do not (and have never) operated ‘expense dispensation’ schemes or ’scale rates’ for expenses.
  • Redego requires receipts for all expense claims including mileage.
  • Our contractors sign a workers declaration that explains and validates temporary work places.


Redego Company Structure and Compliance for Agencies

As a result of applying and securing preferred supplier status with a number of Agencies and clients, we are make our service processes fully transparent and provide you with all the information you need to know.

  • Redego is a UK mainland company registered in England, Incorporation Number 6666972.
  • Redego deducts PAYE Tax and National Insurance Contributions from the full amount paid to the contractor after legitimate employee expenses have been reimbursed and as a result IR35 does not apply.
  • All Redego contractors work directly through Redego Umbrella Limited.
  • Redego Limited is not an MSC provider under the Finance Act 2007.
  • Redego engages with contractors directly and not via any third party.
  • Redego does not divert any of the funds paid to any offshore third party or structure.
  • Redego is registered for PAYE under reference 034 JA23624.
  • Redegeo Limited does not operate as an employment agency or business.
  • Our fees are based on a fixed amount per week or month, not a percentage of turnover.
  • Contractor payments are processed the same day we receive funds from the agency – we can even provide payment in advance.
  • Redego Umbrella Limited is fully insured.


Anti-Bribery Policy

We do not offer any referral fees, rewards, incentives, vouchers or any other thing of monetary value to agencies, end-clients, or their staff or associates in return for new business or to maintain existing business.

View our anti-bribery and corruption policy.


Financial Processes

Redego has arrangements for separating funds relating to contractors’ income, tax reserves and trading income of the member company. This includes the normal assurances from banks as to their treatment of ‘client’ funds.

Redego follows strict rules for repaying funds remitted by agencies incorrectly or by mistake.


Marketing

Redego are committed to open, transparent and honest marketing.

We clearly state on our website the full cost of all our services. This is available to contractors and agencies before they register, so they can make an informed choice before committing to using our service.

All prices advertised are stated as ‘gross’ unless otherwise stated.

Any ‘after tax’ prices are clearly stated as such and can be verified upon request.

We clearly state the terms under which contractors get paid – eg. when, in relation to receipt of funds by their agency and if what additional costs (if any) would be incurred to bring payment forward.

Any illustrations of payment or benefits clearly state the assumptions used to arrive at the calculation.