£750 a day inside

[tsmith]

Just had a potential role presented to me- not at interview stage yet but been informed...

Rate is £750 inside IR35 through an Umbrella - would give a net day rate after NIC and PAYE contributions of circa £350

This is a worst case figure and likely higher once tax codes and allowances are factored in – probably closer to £390-400

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Anyone on a similar rate now and willing to share their net per day please?

[Paralytic]

I was contacted about a £650 a day role (inside) last week. This was based in Glasgow and for a role that's (historically) been £450-£550 outside.

[GhostofTarbera]

I was contacted about a £650 a day role (inside) last week. This was based in Glasgow and for a role that's (historically) been £450-£550 outside.

Ahhh Clydesdale bank


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[Paralytic]

Ahhh Clydesdale bank

Nope, was Public Sector.

[jamesbrown]

Just had a potential role presented to me- not at interview stage yet but been informed...

Rate is £750 inside IR35 through an Umbrella - would give a net day rate after NIC and PAYE contributions of circa £350

This is a worst case figure and likely higher once tax codes and allowances are factored in – probably closer to £390-400

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Anyone on a similar rate now and willing to share their net per day please?

Through an umbrella isn't "inside IR35". An ordinary PAYE calculator based on an assumed number of days per year should work fine. But, yes, 350 sounds about right with ErNI + App. Levy.

[hairymouse]

Through an umbrella isn't "inside IR35". An ordinary PAYE calculator based on an assumed number of days per year should work fine. But, yes, 350 sounds about right with ErNI + App. Levy.

Forgive me if this is a stupid question. That £350 goes straight in the pocket doesn't it? I guess you could put some aside for the bench, and sickness and pension, but no corporate tax or VAT?

[GhostofTarbera]

Forgive me if this is a stupid question. That £350 goes straight in the pocket doesn't it? I guess you could put some aside for the bench, and sickness and pension, but no corporate tax or VAT?

Yes


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[PCTNN]

Just had a potential role presented to me- not at interview stage yet but been informed...

Rate is £750 inside IR35 through an Umbrella - would give a net day rate after NIC and PAYE contributions of circa £350

This is a worst case figure and likely higher once tax codes and allowances are factored in – probably closer to £390-400

---

Anyone on a similar rate now and willing to share their net per day please?

Contractor Take Home Pay & Expenses Calculator | Parasol

[malvolio]

Forgive me if this is a stupid question. That £350 goes straight in the pocket doesn't it? I guess you could put some aside for the bench, and sickness and pension, but no corporate tax or VAT?

Well yes, it is a stupid question, you're supposed to know these kinds of basics

Anyway, it is net pay to you personally. Which means any pension funding is coming out of your taxed income, as are any travel and subsistence expenses. And you can only reclaim the tax on your pension contributions via self assessment.

CT and VAT would not be your concern. You are, when all is said and done, an employee with no employment rights. That is the real crime here.

[Wobblyheed]

Was offered a Public Sector role in Newcastle for £450 inside - I worked on the project last year for £400 outside. I declined the offer.