Hello all,
I'm planning to go into contracting in the next few months and I'm trying to figure out how much of my rates I get to keep after the IR has taken their share.
I've looked at a few calculators on the web but they seem overly optimistic (they've mostly been on the websites of Umbrella companies so perhaps they're just trying to sell their own services).
So if anyone could give me a rough idea of what I might expect I'd be very grateful. I assume that I would be within IR35 (I'd probably be on-site software developer) and that my rates would be around £35ph. As far as I understand it, even with IR35 it's still better to have your own Ltd company, so I'm leaning toward that.
Thank you for any information.
I'm planning to go into contracting in the next few months and I'm trying to figure out how much of my rates I get to keep after the IR has taken their share.
I've looked at a few calculators on the web but they seem overly optimistic (they've mostly been on the websites of Umbrella companies so perhaps they're just trying to sell their own services).
So if anyone could give me a rough idea of what I might expect I'd be very grateful. I assume that I would be within IR35 (I'd probably be on-site software developer) and that my rates would be around £35ph. As far as I understand it, even with IR35 it's still better to have your own Ltd company, so I'm leaning toward that.
Thank you for any information.
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