Welcome to the Salary Finance legals page. Here you will find everything you need to know about the legal process for moving from Neyber to Salary Finance

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The background

As part of Salary Finance’s acquisition of Neyber in March 2020, Neyber transferred (by way of assignment) all of the service agreements it had entered into with employers (including your organisation) to Salary Finance. Salary Finance subsequently took over the provision of services to you under the assigned service agreement. Salary Finance is now starting a process to integrate the Neyber technology systems with the Salary Finance technology systems.

We now need to make a few changes to your service agreement with Neyber (as assigned to Salary Finance). These changes are summarised below. We have made sure that the changes are minimal and will only be the necessary changes required as a result of the acquisition and technology integration work. All other terms of your original Neyber service agreement will remain the same.

So what do I need to do?

All that is required is for you to sign an “Adoption Agreement”. This replaces Neyber with Salary Finance as the counterparty to your Neyber service agreement.
The Adoption Agreement makes the following amendments to all Neyber services agreements, including yours:

  • To reflect the following updates to the regular payroll deduction processes:

✅ A file confirming deductions (response file) to be sent to us 3 days before employee payday

✅Transfer of deductions to Salary Finance to be made either before or on the same day as employee payday

  • Up-to-date data protection and confidentiality clauses which will standardise the terms across all of our service agreements
  • If applicable, the Adoption Agreement may also need to make the following amendments to your Neyber service agreement:

✅An update to ensure that you will continue taking salary deductions, confirming the deductions made and transferring the deductions to Salary Finance after termination of the service agreement. This process will only continue for existing employees with a loan until such time as they have paid off their loan or Salary Finance moves their repayments to direct debit

✅Updates to liability caps where applicable

You can download the Salary Finance Standard Operational Process - FAQs here which will help you better understand the payroll processes.

 

What if I would like an entirely new agreement?

If you would prefer to sign a new agreement (to keep everything in one place), we would be happy to send you our latest service agreement to replace your existing Neyber service agreement. Please just select this option in the form below.

Step 1

Please complete the short form below so we can send you an Adoption Agreement.

Step 2

When you have reviewed and signed the Adoption Agreement or your new Services Agreement please upload it using the form below.

What if I have questions?

Please contact your Salary Finance Client Success Manager who will be happy to answer your questions or direct them on to the right person in Salary Finance.

If you’re undecided on whether you want to add further products, you can sign an Adoption Agreement now and we'll give you a new Product Agreement when you decide to add a product at a later date.