So I've been given this calculation by my agency of what my current contract would look like if I stay and move from Ltd to their umbrella.
Current day rate is £400 - does anything below jump out as odd/unexpected?
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Gross Rate £293.79
Holiday £47.22
Total paid to <umbrella name> £341.01 which is subject to tax, national insurance and employee pension contributions to give your net figure.
This has been calculated from the current Ltd company assignment rate to account for Employer deductions;
36 days holiday 16.07% Calculated from Net rate
Apprenticeship Levy 0.5% Net rate + Holiday
National Insurance 13.8% Net rate + Holiday
Employers Pension contribution 3% Net rate + Holiday
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Current day rate is £400 - does anything below jump out as odd/unexpected?
--------------------------------------------------------
Gross Rate £293.79
Holiday £47.22
Total paid to <umbrella name> £341.01 which is subject to tax, national insurance and employee pension contributions to give your net figure.
This has been calculated from the current Ltd company assignment rate to account for Employer deductions;
36 days holiday 16.07% Calculated from Net rate
Apprenticeship Levy 0.5% Net rate + Holiday
National Insurance 13.8% Net rate + Holiday
Employers Pension contribution 3% Net rate + Holiday
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