PAYE Options
Hi Lawrenso,
Interesting......
We normally allow a difference of 19% between Agency PAYE and Contract Rate to reflect Employers NI and Holiday Pay that has to be taken on by the Agency in this scenario.
I used our spreadsheet comparison tool to have a look at your circumstances and based on 100 miles a day your net income as PAYE with a 19% difference would be 58.5%, just over £56000 a year.
Umbrella I reckon would be arround 62% , £59,800 and Limited Company Inside IR35 £61,500 , 64%, Limited Company oustide £71,000 and 74%.
Please PM me ( or anyone else ) if you would like a copy, or download one from the business library on our website ( you need to register )
Hope thats of help.
Hi Lawrenso,
Interesting......
We normally allow a difference of 19% between Agency PAYE and Contract Rate to reflect Employers NI and Holiday Pay that has to be taken on by the Agency in this scenario.
I used our spreadsheet comparison tool to have a look at your circumstances and based on 100 miles a day your net income as PAYE with a 19% difference would be 58.5%, just over £56000 a year.
Umbrella I reckon would be arround 62% , £59,800 and Limited Company Inside IR35 £61,500 , 64%, Limited Company oustide £71,000 and 74%.
Please PM me ( or anyone else ) if you would like a copy, or download one from the business library on our website ( you need to register )
Hope thats of help.
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