Rates and PAYE
I have just been offered a new contract but I am expected to pay myself PAYE with means my Retention figure is going look something like 55% to 60%, which is pretty rubbish.
Apparently this is becoming the norm and the fact I have to pay both employees and employers NI is factored into the rate. Plus I have to public liability insure, plus I don’t get any holiday or sick pay plus I don’t get job security plus I have pay fees to the umbrella company and to my account. Is it just me or is this very one-sided?
Also I read that market rates are going up but is anybody factoring the fact companies are paying more because they are stipulating you pay yourself PAYE.
And why have I read nothing about this???
Confessed.
JK
I have just been offered a new contract but I am expected to pay myself PAYE with means my Retention figure is going look something like 55% to 60%, which is pretty rubbish.
Apparently this is becoming the norm and the fact I have to pay both employees and employers NI is factored into the rate. Plus I have to public liability insure, plus I don’t get any holiday or sick pay plus I don’t get job security plus I have pay fees to the umbrella company and to my account. Is it just me or is this very one-sided?
Also I read that market rates are going up but is anybody factoring the fact companies are paying more because they are stipulating you pay yourself PAYE.
And why have I read nothing about this???
Confessed.
JK
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