Say Hello to the new guy! Loads of questions :)

[Visse]

as I understood the e-mail i got from giant about this is that Im only paid minimum and then the rest as "profit bonus"

Im inside the IR35 according to the terms and thats why I've been advised to use the "Strongbox" service. Here a small cut n paste from the payslip

Tota:l £698.50 Gross (63 hours@£11, seems to be correct) But then I'm lost..

Less Billable Expenses (non taxable) £0.00
Reimbursed Expenses £139.70
Company administration fees £56.00
Employers social security £54.38
Pension Contributions £0.00
Temporary Workers Gross Pay (See 'Gross Payments' in Payslip above) £448.42
------------------------
Then looking more closely at the 448:

Payslip:
Gross Payments Basic Pay £320.68
Holiday Pay £26.67
Net Profit Bonus £101.07

£448.42
Less - Deductions Advances £0.00
Employees Social Security £38.66
Employees Tax £72.39
Student Loan £0.00
CSA Deductions £0.00
Attachment of Earnings £0.00

£ 111.05
Add - Reimbursed Expenses
Phone costs £0.00
Travel £16.20
Accommodation £0.00
Hotel/Business Expenses £0.00
Subsistence £123.50
Stationery £0.00
Training/Other £0.00 £139.70
Billable Expenses £0.00

Total Net Pay £477.07

This is my payment for week one (37h) and the week before easter (27h)
--------------------------
Can anyone make some sense out of these numbers?

[janey]

What's wrong with you guys? Where's CUK legendary unfriendliness and hostility to newbies who post in the General forum?

I was kinda wondering that myself... OMG perhaps we are the same person after all?!

[Mr Crosby]

Just me here and the voices.

[The Lone Gunman]

Thats unfair, we are only nasty to newbies who ask us to hand over years worth of research and experience before they have done any research at all.

This guy at least appears to have tried to understand. He might be failing, but he has tried. He is clearly concerned that the guff Giant have fed him may land him in deep doo doo and we, as usual, are delighted to revel in his mis-fortune.

[Gold Dalek]

Hi all!
First off, a short introduction. Since the wages are crap and finding a job is difficult in Sweden I decided to relocate to the UK after being offered a six month contract (my first contract ever) as a bi-lingual helpdesk analyst at a large company. I'm 23 and I'd like a career as an IT contractor. As mentioned before this is my first contact with the world of contracting so any advice you guys have of common mistakes one would easily do, would be nice.

My umbrella is Giant (read some nasty stuff about them here just before I registered with this forum) and looks like the amount I'll see in my account would differ a lot from the figures in the estimate they gave me at first.

My rate is £11 (think thats the lowest i've seen here ) I'm working 37,5 h/week.

And could someone please explain all the mumbo jumbo about Giant?
They're paying me the national minimum wage of £5.05, does that mean I'll only have to pay tax on £5.05? Which means I'll have another £5.95/hour tax and NI free? Of the 700£ invoice only 478 made it to my bank.:/

I claim £9.5/day subsistence, can I claim the higher subsistence? It says no receipts required and since I'm away from home 10+ hours I believe I'm eligible to claim?

How did you career look like when you were in my age and what does it look like now? How's your career progression been?

Thanks!

Just feck off & work it out yourself like the rest of us had to... bloody newbies/foreigners!

(btw why has this thread stayed on topic so long?)

[janey]

Thats unfair, we are only nasty to newbies who ask us to hand over years worth of research and experience before they have done any research at all.

This guy at least appears to have tried to understand. He might be failing, but he has tried. He is clearly concerned that the guff Giant have fed him may land him in deep doo doo and we, as usual, are delighted to revel in his mis-fortune.

I'm shocked at you TLG

[Xenophon]

Visse - Do you know any hot Swedish girls?

[sasguru]

Visse - Do you know any hot Swedish girls?

You mean as opposed to our own lukewarm Janey, you mean?

[janey]

You mean as opposed to our own lukewarm Janey, you mean?

lmao, have I done something to upset you today?!

[Xenophon]

You mean as opposed to our own lukewarm Janey, you mean?

*Xeno braces himself for the backlash*