Quote:
Originally Posted by Steve2309
Wow! So they'd have to pay me £130K per year so I could have the £50K as salary? They actually want to pay me £30k per year so they'd need to pay my limited company £78K correct? Ouch! This is definitely not going to work.  |
No, it is more like what I said earlier. Presumably if they don't have any employees already in Europe then they would prefer you as a contractor as they don't have cover all your legal entitlements (not just the actual cost, e.g. sick pay, paternity leave, etc) but also having to understand what the local laws are. The cost of these + other benefits (pension, health insurance, training etc) is approx 50% of your salary, e.g. £45,000. So effectively you are getting a £30,000 base salary + benefits and they avoid the overhead of having to understand and comply with local law etc. It is a basic kind of contracting, not the same as someone on £500 a day where they are paying for a skilled individual in a particular sector with the flexibility to terminate at short notice (high risk, high reward).
I would ask for £45K to cover the costs they would otherwise have to pay and you should be good, assuming they can't just chop your 12 month contract in the middle.