Afternoon everyone.
I am nearing the end of my current contract (which is inside IR35) at a rate of £600 per day. I have been offered an extension but a new agency is taking over. I was advised by the Company I am contracting for that they would be happy to pay me the same daily rate. The Agency have advised that I would be under PAYE and that my daily rate would be £460 Gross. They said NI and Tax will "come off at source" but I will get holiday pay and access to a pension.
I have asked for a weekly projection so I can compare this with my take home at the moment but they are unable to provide me with this and have said to speak to an accountant.
Is there anyone who can shed some light on this for me please? I just want to ensure I will end up with a similar take home. I have looked on the forum for similar questions but I am none the wiser.
Many thanks.
I am nearing the end of my current contract (which is inside IR35) at a rate of £600 per day. I have been offered an extension but a new agency is taking over. I was advised by the Company I am contracting for that they would be happy to pay me the same daily rate. The Agency have advised that I would be under PAYE and that my daily rate would be £460 Gross. They said NI and Tax will "come off at source" but I will get holiday pay and access to a pension.
I have asked for a weekly projection so I can compare this with my take home at the moment but they are unable to provide me with this and have said to speak to an accountant.
Is there anyone who can shed some light on this for me please? I just want to ensure I will end up with a similar take home. I have looked on the forum for similar questions but I am none the wiser.
Many thanks.
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