My PSC lets you set up and run your own limited company without any of the usual hassles. It’s designed for contractors outside IR35 who want to run their own company and maximise net pay.
How it works
PayStream helps you to set up a personal service company (PSC). This is your own limited company, to be used on any assignment you choose. The calculator below shows how operating in this way can be very tax efficient, increasing your take-home pay.
Why choose My PSC?
Setting up a limited company can mean a lot of paperwork and regulatory worries, which can get in the way of doing your real job. So why not leave the administration and book keeping duties to the experts? At PayStream we have 30 years’ experience looking after contractors across all areas of commerce and industry
- A dedicated team of experts working on your behalf
- Advice on IR35 compliance including an initial IR35 review
- Book-keeping completed by PayStream including all of your companies annual statutory documents.
- Weekly management accounts so no need to wait until your final accounts are produced to find out your tax bill
- No need to send in your bank statements
- Completion and submission of the quarterly VAT returns
- Monthly Payroll processed for the director and all the yearend payroll returns such as P60, P35 and a P11D
- Accounting advice & support all year round with no additional charges
- Access to an online portal to record out of pocket expenses
And much more, download the full list of benefits here.
How much will I take home with My PSC?
The My PSC service starts as little as £116 + VAT a month. However, you will be able to offset part or even all of this fee against tax, which means it costs you less in real terms.
Try our calculator below to find out how much money My PSC could save you.
What do I do next?
We’ve told you about the
general benefits of My PSC,
but we’d like to show you
how the service can benefit you specifically. So we’re offering a free, no-pressure quote.
You can also contact us in other ways, all free:
Call us on 0800 197 6516
Ask us to call you