Freelance (Self-employed) margin
Companies such as Exchequer will keep a small part of your income, or will charge a small margin for processing freelancers’ payroll and insurance. In the UK, this margin is mostly charged to you as a fixed weekly amount, as is the case with Exchequer’s margin.
What is Exchequer’s margin?
We charge a competitive margin of £25 per week (plus a margin to cover our apprenticeship levy costs).
This margin includes the cost of public liability and professional indemnity insurance, which we put in place as standard for all of our freelance (self-employed) clients. The margin also covers our administrative costs.
The margin will be automatically deducted before we make our payment to you, and will be clearly shown on your remittance advice.