New contract

[Xerxes]

i totally understand that and the umbrella company has never asked me to claim for anything which I havent used. The mileage is genuine and the food I will be claiming for I will have receipts for. Hopefully this will offset the NI contribs etc

That's alright then

[tim123]

no idea what TTP means???? could you explain....

If i work over the year 45 weeks - that is 35 days holiday... i will still be on over 30k. Yeah i have to factor in the umbrella company costs and employers NI..... but I was told by the umbrella company that with my mileage and some subsistence that this should be offset enough to cover it.

http://www.acronymfinder.com/af-quer...=ttp&Find=Find

Tommy, it is basically irrelevant how many hours or weeks you will work. What is important is what you are costing the employer, compared to what a perm would cost.

A 'normal' contract rate for the job is 1 pph for eack 1K that a perm would get. Anything less and you are selling yourself short.

Of course, there are times when jobs are scarce that you have to take a below par job, but now ought not to be one of those times.

tim

[Skeptical]

A 'normal' contract rate for the job is 1 pph for eack 1K that a perm would get. Anything less and you are selling yourself short.

Is it 1pph as received by the contractor, or as paid by the employer before deducting agency fee?

[tim123]

Is it 1pph as received by the contractor, or as paid by the employer before deducting agency fee?

To the contractor.

Tim

[Nat16]

Employers NI and costs

Hi

I think the easiest way to work out your take home is to work out the following

18x 37.5 hrs x 46 weeks (allowing for 4 weeks hol plus bank holidays) = £31,050

Then assume you will pay up to 3% payroll charges =£30,118.50

And then take off employers NI of approx 12.8% = £26,263.33 (it is a bit more complicated but that is a good rough estimate.

That is your approx gross salary (equall to being a perm) and then you have to pay tax and employees national insurance. You can reduce the amount depending on the expenses you can claim which depending on nationality can be
good at reducing tax.

Just as a plug a friend runs a company called Commonwealth Contractors (David.Fountaine@commonwealthcontractors.com) and I think thta they are very good at explaining how it all works and putting as much back in your pocket as pos.