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E101 takehome...

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    E101 takehome...

    Hello all

    My first post here

    I am new to contracting, and have just started a 6 month contract in Germany (might be extended).

    I am getting paid through a Payroll Management Company, who applied for an E101 for me.

    My concern is if my take home is correct (or am I being exploited due to my lack of experience in contracting...and no source to turn to for guidance).

    I've heard that contractors can take home upto 75-80% through a payroll management company.

    I am single and with daily rate eur550, what % take home can I expect?

    pls help!!!

    #2
    Originally posted by sunnyboy View Post
    Hello all

    My first post here

    I am new to contracting, and have just started a 6 month contract in Germany (might be extended).

    I am getting paid through a Payroll Management Company, who applied for an E101 for me.

    My concern is if my take home is correct (or am I being exploited due to my lack of experience in contracting...and no source to turn to for guidance).

    I've heard that contractors can take home upto 75-80% through a payroll management company.

    I am single and with daily rate eur550, what % take home can I expect?

    pls help!!!
    IANAA but I reckon you're looking at ~750eur per day, just fiddle yer mileage!

    Caution, I take no responsibility for the above advice - It was posted in "General" after all...

    Comment


      #3
      Originally posted by sunnyboy View Post
      Hello all

      My first post here

      I am new to contracting, and have just started a 6 month contract in Germany (might be extended).

      I am getting paid through a Payroll Management Company, who applied for an E101 for me.

      My concern is if my take home is correct (or am I being exploited due to my lack of experience in contracting...and no source to turn to for guidance).

      I've heard that contractors can take home upto 75-80% through a payroll management company.

      I am single and with daily rate eur550, what % take home can I expect?

      pls help!!!
      Welcome to the board, my only advise is get out now!
      I could not work in Germany for any amount of money.

      They may move your thread where you may get better advise.

      While we are waiting where is the drink?
      Fiscal nomad it's legal.

      Comment


        #4
        Originally posted by alreadypacked View Post
        Welcome to the board, my only advise is get out now!
        I could not work in Germany for any amount of money.

        They may move your thread where you may get better advise.

        While we are waiting where is the drink?
        Behind the porn stash. Glass of rouge and a cheese straw?
        +50 Xeno Geek Points
        Come back Toolpusher, scotspine, Voodooflux. Pogle
        As for the rest of you - DILLIGAF

        Purveyor of fine quality smut since 2005

        CUK Olympic University Challenge Champions 2010/2012

        Comment


          #5
          Originally posted by Zippy View Post
          Behind the porn stash. Glass of rouge and a cheese straw?
          Just got a new role, I think I will pop out and get some Bolly
          Fiscal nomad it's legal.

          Comment


            #6
            Originally posted by Churchill View Post
            IANAA but I reckon you're looking at ~750eur per day, just fiddle yer mileage!

            Caution, I take no responsibility for the above advice - It was posted in "General" after all...
            Churchill...my gross daily rate is 550...so how can i expect 750eur via payroll management company?

            thanks

            Comment


              #7
              Originally posted by alreadypacked View Post
              Welcome to the board, my only advise is get out now!
              I could not work in Germany for any amount of money.

              They may move your thread where you may get better advise.

              While we are waiting where is the drink?
              That, Gentlemen is why you don't let women near the keyboard!

              Comment


                #8
                Originally posted by alreadypacked View Post
                Just got a new role, I think I will pop out and get some Bolly
                Pink Veuve for me please. It's my new fave
                Bazza gets caught
                Socrates - "The only true wisdom is in knowing you know nothing."

                CUK University Challenge Champions 2010

                Comment


                  #9
                  Originally posted by alreadypacked View Post
                  Welcome to the board, my only advise is get out now!
                  I could not work in Germany for any amount of money.

                  They may move your thread where you may get better advise.

                  While we are waiting where is the drink?
                  Why get out of Germany...I prefer the work culture here...stress free contracting...rather than in uk...where i was smothered by my blonde-B manager...and that too in a permanent role...

                  Comment


                    #10
                    Originally posted by cailin maith View Post
                    Pink Veuve for me please. It's my new fave
                    I prefer the orange stuff...

                    Comment

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