Take home pay calculator
PayStream Accounting Services Ltd ('PayStream') is an Appointed Representative of Jelf Insurance Brokers Ltd, which is authorised and regulated by the Financial Conduct Authority (FCA).
Continuous employment
Helps with mortgage or loan applications, being on the correct tax code and only having one pension pot.
Online portal
Makes it easy to join, process timesheets and view payslips.
Statutory benefits
Access to for example SMP and SSP.
Inclusive insurance
£10m employer's liability, £5m public liability and £5m professional indemnity insurance cover.
Mobile app
For contractors to access their holiday pots, view their latest payment details or check the status of payments.
Tax relief on allowable business expenses
These expenses exclude home to work travel and subsistence in most cases unless the contractor isn't subject to supervision, direction or control.

What else can I expect with My Max?

An umbrella company is a business that employs professional contractors carrying 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, ensuring that you pay the right amount of tax.

An umbrella service gives you legal employee status and handles all the paperwork. It's the simplest solution for most contractors, with no unexpected tax bills and because you're employed you will still have access to state benefits such as a state pension and maternity pay. It also provides a record of continuous employment which will help with mortgage or loan applications, will ensure you're always on the right tax code and means you'll have just the one pension pot to manage.

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:
  • want one employer whilst you are contracting

  • want a quick and easy payroll service
  • want access to a pension plan

  • want to build up an employment record for the purpose of mortgage applications

  • want the benefit of continuous employment, without setting up a limited company.

How can PayStream help?

What do I do next?

What our clients think
I have found the service to be the best umbrella company I have used. I would happily recommend you to any contractors I know. All the customer services staff I have dealt with have been efficient, polite, helpful and always resolved my issues, and more importantly I have always received my money on time.
- A. Nicholson, ICT support officer
It really has been a pleasure, your website is easy to use (idiot proof), I have had no problems with any of your staff dealing with my queries (and me) and getting back queries promptly. It's reassuring to deal with people who obviously know their stuff and can ease any worries I found everyone I have dealt with to be more than happy to help.
- C. Nelmes, Account Assistant
Paystream have been the best umbrella company I have worked with. They have a very high standard of customer care and a very good online system.
- P. Edwards, Facilities Manager
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Have you been referred to us by an agency?

In April 2016 the rules on the ability to claim tax relief on allowable Travel and Subsistence changed for contractors inside IR35, however if you are not subject to Supervision, Direction or Control or the right of Supervision, Direction or Control you may still be able to claim tax relief on allowable Travel expenses.

So, regardless of whether you are or aren't subject to supervision, direction and control PayStream's umbrella service is right for you. My Max has been developed to ensure that contractors get paid on time, every time and stay HMRC compliant, with minimum fuss.

Umbrella Company

If you're a contractor or freelancer, one of your most unpleasant tasks may be keeping track of the administrative aspects of your business. Completing tax forms, chasing payments from clients and filing expense claims can be time-consuming activities that distract you from your actual work or - even worse - eat into your leisure time. The solution to these problems is simple - use an umbrella company such as PayStream - we'll take care of everything for you and what's more, you won't need to worry about IR35.

At PayStream, we offer a number of services to help lift the burden of administrative tasks and we are committed to providing you with the highest level of customer care, letting you get on with your other responsibilities.

Our umbrella company services are the perfect option for contractors and freelancers who don't want to deal with accountancy requirements. Not only do we take away the stress and liability of calculating and submitting PAYE-based tax and National Insurance contributions, but our services also include a variety of other benefits.

What is an umbrella company?

In the UK, an umbrella company directly employs contractors and freelancers who wish to work inside the IR35 regulations. Generally, an umbrella company's services are accountancy-based - such as managing timesheets, calculating PAYE tax and NI contributions, invoicing the client and paying the contractor.

Other services provided by an umbrella company may also include HR support, and insurance cover.

Overall, an umbrella company makes it easy for contractors and freelancers to do their jobs without having to navigate the confusing and stressful maze of tax paperwork and administration. Ideal for new contractors who don't know where to start, PayStream's umbrella company services are also extremely useful for those who have been contracting for many years.

How does an umbrella company work?

An umbrella company will treat you in a similar manner to an employee in a more traditional business environment. You will receive a contract of employment and we will take care of all the administrative paperwork.

Once registered, you will submit timesheets to the umbrella company, as well as any other expenses that you need to claim. The umbrella company will then invoice your client and pay the money direct to your bank account, with your PAYE tax and NI contributions calculated and paid.

Umbrella company services from PayStream help take some of the stress and hassle out of being a contractor. You won't need to worry about keeping compliant with tax legislation, meaning you can get on with your work. You will also receive comprehensive insurance, including £2m professional indemnity.

Get umbrella company services from PayStream

PayStream's umbrella company service is reliable and efficient, helping to ensure that you receive the provisions most appropriate to your requirements.

My Max is an umbrella company service that helps ensure you receive the best possible net pay and gives you the opportunity to claim allowable business expenses.

When you contact PayStream, a member of our New Business Team will review your circumstances and provide guidance about if an umbrella company service best suits your needs. We take pride in our excellent customer care and our highly skilled accountants will be sure to give you peace of mind while helping you optimise your earnings.

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