Take home pay on 95k

[biggie]

Ok guess I should have provided more information.

thanks for the illistration ASB it's been very helpfull.

the information I guess I was hoping for was, what do people who earn around 95k via contracting can expect to take home in a given year if:-

1) they are outside IR35
2) Take a bit more then the minimum wadge
3) travel expenses of around £1200
4) expenses including insurance and accoutancy arround 2K.
5) Try to withdraw the marjority of the revenue via dividends.

[max]

Ok guess I should have provided more information.

thanks for the illistration ASB it's been very helpfull.

the information I guess I was hoping for was, what do people who earn around 95k via contracting can expect to take home in a given year if:-

1) they are outside IR35
2) Take a bit more then the minimum wadge
3) travel expenses of around £1200
4) expenses including insurance and accoutancy arround 2K.
5) Try to withdraw the marjority of the revenue via dividends.

Ok...one more question, do you want the wedge now..or are you willing to hold our for taper relief over a number of years(lucrative)?



Point is...now you are a contractor..you choose:

1. when to work
2. what hours you work
5.(3 sir!) how much you earn each year
6. how much tax you pay.

Your call....go on be a man


PS: 95k...hmmm..don't be under selling yourself in these boom times.

[biggie]

hmm the 95k comment out of interest is this out of sarcasm or do you think,
95k isn't that much (especiialy for a IB)...

reason why i ask is because I was thinking of talking a perment role and then go contracting again afters a couple of additional years experience.

[dude69]

hmm the 95k comment out of interest is this out of sarcasm or do you think,
95k isn't that much (especiialy for a IB)...

No it's not that much, no, not in IB. And times will be harder.

[pickle]

No it's not that much, no, not in IB. And times will be harder.

Stick another 30 - 40k on it and you are getting towards par, based on a 45 week year.

[dude69]

Stick another 30 - 40k on it and you are getting towards par, based on a 45 week year.

About £550/day is what most people should be aiming for with normal skills ATM. Settle for £500 if need be.

[biggie]

hmm sounds like i'm getting ripped off
considering the permi role is 65.5k in credit derives

may be better getting another 1.5 years esperience and then hitting the contact market marking a total of 3 years in IB.

only prob is I may be getting to old to contract

[Let-Me-In]

Just lie about it...