Originally posted by clearedforlanding
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
London perm salaries
Collapse
X
Collapse
-
-
Originally posted by LondonPM1 View PostThanks on reflection my statement that from a 100K salary my take home of 3.9k is rather generous because:
1) I have to take £10 a day for underground from zone 3
2) I have to buy Pret lunch and two coffees costing £10
So that means I have daily expenses of £20 or £400 a month - My 3.9K salary is in fact 3.5K now
1) Go by bus. Max £4.50 a day with an oyster card
2) Take sandwiches and a flask.Down with racism. Long live miscegenation!Comment
-
Originally posted by malvolio View PostLeave him to it. He'll be in jail in three years...
On a serious note this advice has been provided by a mid sized accountancy firm (not Darren Upton) so I am satisfied this is all above board and I have yet to hear any reason otherwise.
This thread was not about putting parents on payroll but rather what a 100K salary buys you - I trust this is now well explainedComment
-
Originally posted by LondonPM1 View PostWe should appoint you as treasury counsel - That way we can get rid of courts and first tier tribunals and you can made decisions based on limited input and without any understanding of the professional advice or indemnity insurance that advisers have been paid for
On a serious note this advice has been provided by a mid sized accountancy firm (not Darren Upton) so I am satisfied this is all above board and I have yet to hear any reason otherwise.
This thread was not about putting parents on payroll but rather what a 100K salary buys you - I trust this is now well explainedmerely at clientco for the entertainmentComment
-
Originally posted by NotAllThere View PostOK - this is tantamount to trolling.
1) Go by bus. Max £4.50 a day with an oyster card
2) Take sandwiches and a flask.
I am showing you that from a 100K salary you are not going to earn much IF you also have some modest passive income. I have no idea what others on this board do or what income they have but to me these numbers show why many people will not be able to move from contracting to permComment
-
Originally posted by eek View PostOnly to the extent that you seem to believe you shouldn't pay tax...Comment
-
Originally posted by LondonPM1 View PostOr equally walk and eat the leftovers - These expenses would have been properly deductible as a contractor -
I am showing you that from a 100K salary you are not going to earn much IF you also have some modest passive income. I have no idea what others on this board do or what income they have but to me these numbers show why many people will not be able to move from contracting to perm
I'm also not sure why this part of the thread is still running. It can be summarised as:
Q. If I earn more and decide not to use any of the legal tax efficient approaches available to me, do I pay more tax?
A. YesComment
-
Originally posted by Paralytic View PostI wonder what percentage of the population would regard £75K a year as a "modest" passive income.
I'm also not sure why this part of the thread is still running. It can be summarised as:
Q. If I earn more and decide not to use any of the legal tax efficient approaches available to me, do I pay more tax?
A. YesComment
-
-
Originally posted by LondonPM1 View PostPay all the tax required and not one penny more is my motto
Oh and medium size accountancy firms are renowned for being slightly less conservative on the taxes front (often a good thing unless and until HMRC have a reason to come calling)merely at clientco for the entertainmentComment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- FCSA waters down umbrella company code, settling for 'reasonable effort' on contractor holiday pay Yesterday 08:18
- Contractor confidence returned to positive territory at the start of 2022 Jul 1 08:05
- A contractor's guide to umbrella company contracts Jun 29 08:33
- 5 questions contractor recruiters should ask umbrella companies Jun 29 08:07
- Contractors at risk of being taken in by bogus badges from 'sham' accreditation outfits Jun 29 07:02
- Am I liable for my limited company's Bounce Back Loan? Jun 28 09:06
- Contractors who exploit 'Work From Home' gigs risk landing themselves in hot water -- and you back at your desk Jun 28 08:01
- Exchequer Solutions Ltd and its GBP11million tax bill: are there implications for contractors and providers? Jun 27 08:18
- Now High Potential Visas are here, are they a good option for non-UK contractors? Jun 27 07:44
- The top 10 umbrella company checklist for contractors Jun 24 09:00
Comment