How does a umbrella company work?
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What else can I expect with My Max?

An umbrella company is an organisation that employs professional contractors who carry out short-term assignments for recruitment agencies and / or end clients. The umbrella company makes your Pay As You Earn (PAYE) and National Insurance deductions for you, and allows you to offset allowable expenses like travel, meals and accommodation against tax - meaning you can increase your take-home pay.
An umbrella service not only gives you legal employee status and handles all the paperwork, but also lets you take home as much pay as possible. It's the simplest solution for most contractors, with no unexpected tax bills and a very straightforward process for claiming expenses. And because you're employed you will still have access to state benefits such as a state pension and maternity pay.
Use the calculator to help you work out how much you could take home every week with My Max. It really is that simple.

If you'd like to find out more, call us now on 0800 197 6516 (option 1). Or you can complete the form below and we'll be in touch with more details.

Umbrella Company

What is an umbrella company?

Why use an umbrella service?

Is it the right option for me?

An umbrella service could well be the best option if you:
  • are contracting for a short period of time
  • want a quick and easy payroll service
  • want the ability to claim allowable business expenses, but without having to set up a limited company.

How can PayStream help?

  • 10 minute online sign up process
  • Dedicated account managers
  • Inclusive insurance: £10m employers liability, £5m public liability and £5m professional indemnity. Personal accident cover is also available as part of PayStream rewards
  • Same-day payments

How much will I take home with My Max?

What do I do next?

What our clients think
I would just like to say that PayStream as a service, has been excellent and I would highly recommend it.
- Clare, Social Worker
I have been delighted with the service from Paystream and would certainly recommend your. Thank you very much for everything.
- P. Bolton, Science Technician
5/5 Really helpful always explaining stuff in English which is nice for people who don't understand pay. It's really nice. You can call up any time and get the answers your looking for which is lovely.
- E. Razzell, Contractor
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We've developed My Max to help maximise your take-home pay, with minimum fuss. And because we're always up to speed with the latest HMRC guidelines on claiming expenses, we make sure you get paid as much as possible whilst staying on the right side of legislation.