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My Max
Umbrella company

The award winning Umbrella that covers it all

An Umbrella company is the simplest way to get paid for most contractors. The Umbrella company employs contractors carrying out short-term assignments and makes Pay As You Earn (PAYE) and National Insurance contributions - so no unexpected tax bills.

You get a consistent employment record (handy for mortgage and loan applications) and access to entitlements like a workplace pension, holiday pay and maternity / paternity pay. In short, all the benefits of continuous employment as a contractor, without the admin of running your own limited company.

So, whether you're new to contracting and looking for the simplest way to get paid, or are a limited company contractor who has been affected by the April 2020 off-payroll working legislation, look no further than PayStream. We process thousands of payments each week and have already helped hundreds of limited company contractors make the move to umbrella.

Reasons to choose My Max, our umbrella company

The best of both worlds. All the freedom of contracting with the benefits of continuous employment.

Personal Pension Salary Sacrifice
Continuous employment
Holiday pay and workplace pension

Personal Pension Salary Sacrifice

One of the only umbrellas that can support contributions into your personal pension plan through our salary sacrifice scheme saving you £100’s in not only PAYE but also in NI each month.

Personal Pension Salary Sacrifice

Continuous employment

A continuous employment record, helpful for securing that loan or applying for a mortgage.

Continuous employment

Holiday pay and workplace pension

Accrue holiday pay and take advantage of pension schemes.

Holiday pay and workplace pension
Statutory payments
Allowable expenses
£20m in insurance cover

Statutory payments

Access to benefits like statutory sick pay and paternity/maternity pay.

Statutory payments

Allowable expenses

If you are not subject to supervision, direction and control, or you are travelling to multiple sites on a regular basis, you may be eligible to claim tax relief on your allowable business expenses.

Allowable expenses

£20m in insurance cover

£10m employers’ liability, £5m public liability and £5m* professional indemnity insurance cover. *There is a limit below £5m for certain sectors.

£20m in insurance cover

My Max rewards

A phenomenal range of discounts and cashback from over 7,000 retailers.

  • 15% offClothes and fashion
  • 60% off Electricals
  • 60% off Entertainment
  • 10% off Family, kids and babies
  • 20% off Finance and insurance
  • 20% offFood and drink
  • 18% offGifts and gadgets
  • 15% offHealth and beauty
  • 15% off High street shopping
  • 10% off Home and garden
  • 15% off Motoring
  • 10% offServices
  • 10% off Sports and leisure
  • 10% off Travel and hotels
My Max rewards

My Max More only from PayStream

Exclusive offers and services, handpicked for My Max contractors

Rewards+
Free financial advice
Exclusive contractor mortgage deals

Rewards+

Online access to qualified, caring UK doctors. Plus save up to 20 pence per litre with our fuel card, along with up to 25% gym discounts.

Rewards+

Free financial advice

Free advice from Haven Global Strategies Ltd, our in-house financial advisers.

Free financial advice

Exclusive contractor mortgage deals

Products and deals from brokers and lenders who specialise in catering for contractors.

Exclusive contractor mortgage deals

Ready to get paid the easy way? Get your quote today

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Infographic: Umbrella vs PAYE

Launch infographic here

Looking for support? Head for our HelpHub or call our New Business Team on 0161 923 0201

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