Hi,
I am new to this forum and contracting as I have never done it before. I have always been a permanent employee but always worked with Consultancies so I figured why not branch out.
The perfect role popped up out of the blue and I went for the interview and have received an offer. I cannot ask anyone obviously to make a decision for me but here are a few questions I cannot answer.
1. Expenses for the role would be very high as I would have to stay away from home and pay for it, with my consultancies I just claim it back every other week so never out of pocket. How do I pay for such high expenses as it would probably wipe out anything I make weekly.
2. If it is inside IR35, and I go with Umbrella will I them pay expenses out of my own pocket and have to take it off my take home calculations.
3. If inside IR35 and I take home is calculated at £4000 per month after the various taxes, is there anything else I need to take off?
Sorry for the long question, I am genuinely in so many minds as to what to do.
I am new to this forum and contracting as I have never done it before. I have always been a permanent employee but always worked with Consultancies so I figured why not branch out.
The perfect role popped up out of the blue and I went for the interview and have received an offer. I cannot ask anyone obviously to make a decision for me but here are a few questions I cannot answer.
1. Expenses for the role would be very high as I would have to stay away from home and pay for it, with my consultancies I just claim it back every other week so never out of pocket. How do I pay for such high expenses as it would probably wipe out anything I make weekly.
2. If it is inside IR35, and I go with Umbrella will I them pay expenses out of my own pocket and have to take it off my take home calculations.
3. If inside IR35 and I take home is calculated at £4000 per month after the various taxes, is there anything else I need to take off?
Sorry for the long question, I am genuinely in so many minds as to what to do.
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