It has been over three months since the changes to travel and subsistence came into effect in April and we are still being asked ‘Why would a contractor want to go umbrella?
The answer is simple - there are over 2000 reasons why.
My Max is our PAYE umbrella service that helps contractors get paid on time every time, stay HMRC compliant and provides them with one employer while they are contracting so they enjoy all the advantages of continuous employment. They also gain access to a wide variety of additional benefits from discounts with thousands of high street brands and well known restaurant chains to exclusive mortgage deals and medical insurance which, for a typical contractor, will see them saving on average more than £100 a month on their leisure and household bills.
An umbrella service is the simplest solution for many contractors. It means no unexpected tax bills and, because your contractors are legally employed, they have access to our pension plan as well as benefits such as maternity pay and statutory sick pay. My Max could be the best option if your contractor:
- Wants one employer whilst they are contracting
- Wants a quick and easy payroll service
- Wants access to a pension plan
- Wants to build up an employment record for the purpose of mortgage applications
- Want the benefits of continuous employment, without setting up a limited company
- Wants access to over 2000 discounts and offers.
As part of our continued support to agencies we have been providing educational updates and training sessions on the changes to legislation and what it means to contractors. If you have any new or existing consultants that would benefit from further training on any of these topics and to find out more on what we offer and the benefits to your contractors, then please contact your Client Relationship Manager or our agency support team at agency_support@paystream.co.uk