Anyone Know PAYSTREAM or PAYSTREAM2000?

[Horby]

Hi all,

Does anyone know of this umbrella company or have any experience of them?

Many thanks

[malvolio]

Random extracts from the website:

The calculator below uses typical weekly expenses to create an illustration of weekly net pay.

That "Expenses" word again...

You will know that thousands of Contractors and Consultants, who satisfy certain Inland Revenue criteria under the rules associated with IR35, have the advantage of increased net pay by offering their services through a limited liability company.

Actually, it's a legal requirement (from S134c of the Finance Act), not a beneficial arrangement

IR35 compliant.

Of course it is. You're an employee; IR35 doesn't apply anyway.

For those workers who do not satisfy the IR35 criteria but can still have the advantage of increased net pay with expenses without the disadvantage of the administrative burden of running a limited company is very attractive

What burden? Half the operating cost against 5% more gross income for about 10 hours effort a year is a burden?

Walk away. Stick with the ones we know and love. Or get your own company and do it properly.

[freshblue]

Paystream

Are Rullions brolly company... Agency doing a brolly but are not always open about it.

[Nat16]

Umbrella

You could try talking to Commonwealth Contractors. They helped me out and were very good! 0800 294 4388.