Originally posted by Underscore2
http://calculator.contractoruk.com/
Your current net monthly income is £5,035
Avoiding IR35 would increase your income by £1,311 (20%) to £6,347
Increasing your rate by £21 (24%) to £90, earns you the same as someone outside IR35.
You can take an IR35 compliant contract for £12 less and still receive the same income.
If you avoided IR35 and took an extra 11 weeks holiday you would still earn the same.
To get the same income via permanent employment would require a salary of £93,433
Although this isn't fair in my opinion as it calculates 44 weeks a year. To be on the safe side I wouldn't calculate more than 40 weeks a year, thus comparing it to a permie salary of 80-85k.
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