I know I know, before you shoot me down in flames I should read up on IR35 and know the differences between Limited and via an umbrella etc. I will, but need to
give a response this week to an offer.
I contracted 8 years ago in banking for a long time via a Limited, it was great. Then decided to slow down and go perm with a great company and benefits, plus spend
less time on trains and more with my kids. I don't fancy doing all the legwork of running the limited to be fair. A few days ago a competitor offered me a better role, but less money. Last week my client did almost the same once they heard I am open to a conversation. It came down to one thing..money. Why would I move anywhere for less ££.
Now both have asked me if I'd contract so that I'd end up with more ££ and given me a rate. £500-£600 per day.
This morning I was jumping on various sites who claim to give me a take home calculation. Some want me to sign up before I know the exact figures. I am already
part way through the financial year, so know anything PAYE or Dividend will end up 40% taxed etc.
I earn 120K per year, is it worth considering either contract at £600 a day? The calculators out there are telling me I'd be a few hundred quid better off, some (SJD) tell me
I'd be 2K better off a month.
give a response this week to an offer.
I contracted 8 years ago in banking for a long time via a Limited, it was great. Then decided to slow down and go perm with a great company and benefits, plus spend
less time on trains and more with my kids. I don't fancy doing all the legwork of running the limited to be fair. A few days ago a competitor offered me a better role, but less money. Last week my client did almost the same once they heard I am open to a conversation. It came down to one thing..money. Why would I move anywhere for less ££.
Now both have asked me if I'd contract so that I'd end up with more ££ and given me a rate. £500-£600 per day.
This morning I was jumping on various sites who claim to give me a take home calculation. Some want me to sign up before I know the exact figures. I am already
part way through the financial year, so know anything PAYE or Dividend will end up 40% taxed etc.
I earn 120K per year, is it worth considering either contract at £600 a day? The calculators out there are telling me I'd be a few hundred quid better off, some (SJD) tell me
I'd be 2K better off a month.
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