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Your timesheets and pay

At Maxxima we are committed to offering all healthcare professionals a seamless and stress-free payment experience. Learn more about different methods of payment available and decide on the process that works best for you.

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Our payment options

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  • Explore your payment options

    We encourage you to thoroughly explore your employment options so that you can assess what the best arrangement is for you.


  • Option 1

    Paid PAYE

    PAYE = Pay As You Earn. You’ll be paid via Maxxima’s payroll directly each week. All necessary deductions will be made at source meaning everything that arrives in your nominated account is yours to spend.


  • Option 2

    Paid by a Umbrella company

    This method involves an agreement with a 3rd party supplier. Maxxima will pay the umbrella company the gross amount, from here the umbrella company is responsible for doing the necessary deductions and paying you into your nominated account. Umbrella companies usually take a small fee for each timesheet processed.


  • Option 3

    Paid by a Limited company

    This method is similar to those above however payment will be sent directly to your limited company. If ‘within IR35’, all deductions will be made from source. If ‘outside IR35’, the gross amount will be paid, and you are responsible for making the necessary deductions at the end of the financial year.

Pros and Cons of payment methods

Although we can’t advise you on which payment method you should choose, we can provide further information on each.

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    PAYE

    Pros:

    • Peace of mind that your tax affairs will be taken care of, with no nasty surprises from HMRC and no fees

    Cons:

    • If you work through several agencies, you may have to treat it as a ‘secondary employment’ and pay. Meaning higher tax in the short-term, before claiming it back at the end of the year.

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    Umbrella company

    Pros:

    • If you work through several agencies, or several different positions, you can manage your tax affairs through one ‘employment’.

    • Advance payments can be made to you in exceptional circumstances. 

    • You are covered for Professional Indemnity Insurance by the majority of umbrella companies that we work with, therefore you won’t have to cover the cost of this yourself.  

    Cons:

    • Weekly fees

    • If the umbrella company doesn’t manage your tax affairs correctly, you could face a large tax bill and penalties. This is not something that Maxxima condones and we don’t wish to put our workers at any risk,  therefore all umbrella companies we work with are audited to make sure you are confident in using them. 

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    Limited company

    Pros:

    • If your assignment is ‘outside IR35’ you may be able to extract funds from the company in a more tax- efficient manner i.e. dividends, business-related expenses. Something to speak to an accountant about in more detail. 

    Cons:

    • Monthly fees.

    • If ‘inside IR35’, and work is in the public sector, your agency has to deduct tax and national insurance deductions.

    • If ‘inside IR35’, and work is in the private sector, your agency has to deduct tax and national insurance deductions from April 2020 onwards, and you should

All Locum pay rates across the industry are subject to both Employer’s and Employee’s National Insurance deductions. Ask your recruitment consultant to discuss what this means for your hourly rate. 

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