skip to main content


Need help?

This document sets out key information about your relationship with Penna Plc, PayStream My Max 3 Limited and you, the Individual, including details about pay, holiday entitlement and other benefits.

Further information can be found in your contract for services with your umbrella company.

The Employment Agency Standards (EAS) Inspectorate is the government authority responsible for the enforcement of certain agency worker rights. You can raise a concern with them directly on 020 7215 5000 or through the ACAS helpline on 0300 123 1100, Monday to Friday 8am-6pm.

You have chosen to be paid through an umbrella company: a third-party organisation that will calculate your tax and other deductions and then pay you for the work undertaken for the hirer. The money earned on your assignments will be transferred o the umbrella company as part of their income. They will then pay you your wage on a PAYE basis. All the deductions made which affect your wage are listed below. If you have any queries about these please contact PayStream My Max 3 Limited.

General Information

Name of Employment Business: 

Penna Plc

Name of umbrella company (“the work seeker”): 

PayStream My Max 3 Limited

Who will employ the worker (‘You’)


PayStream My Max 3 Limited

The type of contract you will be engaged on: 

Contract of Service (Employment Contract)

Who will be responsible for paying you:

PayStream My Max 3 Limited

Any business connection between the employment business, the umbrella company, your employer and the, person responsible for paying You:


The rate of pay (or minimum gross rate of pay) we expect to transfer to the umbrella company (a):

£300 per day 

Gross pay to the umbrella company will be an amount equivalent to the gross pay due to the worker plus the deductions required by law from umbrella income plus the umbrella margin

The rate of pay (or minimum gross rate of pay) we expect the umbrella company to pay You:

National Minimum Wage Gross pay will consist of National Living Wage (NLW) or National Minimum Wage (NMW) at the prevailing rate, Bonus Pay and Holiday Pay where applicable 

How often we will pay the umbrella company:


How often the umbrella company will pay You:


Deductions from umbrella company income required by law:

  • Employer’s NI 
  • Apprenticeship Levy

Any other deductions from umbrella company income (to include amounts or how they are calculated):

  • Umbrella Margin (As agreed with your agency) 
  • Employer Pension contribution Calculated on qualifying earnings (Qualifying earnings are gross earnings above £120 if paid weekly/ £520 if paid monthly for 20/21) From April 2020, Minimum employer contribution = 3 %. PayStream operate a 12 week postponement.
  • Salary Sacrifice (contractor dependant)
  • Accrued holiday pay and employer costs (contractor dependant)

Deductions from your pay which will be made by the umbrella company required by law:

  • PAYE
  • Employee’s National Insurance
  • Student Loan
  • Any DEO/AOE (contractor dependant)

Any other deductions or costs taken from your wage (to include amounts/how they are calculated):

  • Employee Pension contribution Calculated on qualifying earnings (Qualifying earnings are gross earnings above £120 if paid weekly/ £520 if paid monthly) From April 2020, Minimum employee contribution = 5 %. PayStream operate a 12 week postponement. • Agency deductions

Any fees for goods/services for which you must pay:


Any non-monetary benefits You are entitled to receive:

  • Employer’s Liability, Professional Indemnity and Public/Products Liability Insurance
  • Tax relief on allowable expenses

Entitlement to any annual leave and holiday pay:

Depending on your contract usually 28 days per year

Details of any opt-out agreement under Regulation 32:


Example Pay


Intermediary or umbrella income/fees

Worker income

Example gross rate of pay to intermediary or umbrella company from us:

£1,500 (weekly 5 x £300)


Deductions from intermediary or umbrella income required by law:

Employers NI: £154.28 Apprenticeship Levy: 6.44


Deductions from intermediary or umbrella 

PayStream Margin: £27 Employer’s Pension: £25.26


Example of rate of pay to you


Gross: £1,287.02

Deductions from your pay required by law


Employee’s NI: £99.98 

PAYE: £274.16 

Student Loan/PGL: £0

Any other deductions or costs taken from your pay:


Employee Pension: £33.68

Any fees for goods or services:


Personal Accident Cover: £0 

Rewards+ £0

Example net take home pay:


£ 879.20 weekly

Need Help?