take home 550 p day - but ir35 - help

[Lewismorgan]

thanks, i am turning id down it spits out £1400 - 1500 per week from £2750.

thanks for all your help.

[chopper]

thanks, i am turning id down it spits out £1400 - 1500 per week from £2750.

No, on £500 a day, your take home isn't £2750. If you're taking that out of your company, then a hope you have a lot of spare lube. You are paying your VAT and Corp Tax, right?

[eek]

No, on £500 a day, your take home isn't £2750. If you're taking that out of your company, then a hope you have a lot of spare lube. You are paying your VAT and Corp Tax, right?

Read the headline its £550 a day which for 5 days work is £2750 before tax and between £1400-1500 under IR35 before expenses.

Currently he is on £500 a day via a limited company so expenses are deducted first than 19% corporation tax afterwards..

[psychocandy]

Read the headline its £550 a day which for 5 days work is £2750 before tax and between £1400-1500 under IR35 before expenses.

Currently he is on £500 a day via a limited company so expenses are deducted first than 19% corporation tax afterwards..

Sounds about right. Like I said just get a quote from an umbrella - they're all pretty much the same.

[northernladuk]

Sounds about right. Like I said just get a quote from an umbrella - they're all pretty much the same.

But in another thread you've just said they aren't as some offer crap pensions and others offer good ones?

[psychocandy]

But in another thread you've just said they aren't as some offer crap pensions and others offer good ones?

Yes but if we're talking purely some idea of take home which the OP is after.