Hello all,
I have been following this forum for a while as I’m about to undertake a Job in overseas in Norway and as such will be operating via an umbrella company.
They have done a few illustrations for me, which is great but there is something fundamental that I cant understand in the claiming of expenses. It seems like the more I spend on expenses – the more I take home Net.
I asked then to evaluate a few scenarios.
In one case my where my accomdation is 1000 euros my net take home is X per month. When I double my accommodation to 2000 euros and everything else is the same (pension, travel and subsistence) my net take home is X+565 euros per month.
That to me says that I should get the best apartment that I can find and that to maximise take home I should book flights at last minute and might as well pay for business rather than economy as this will increase my net take home.
This seems like a strange fuzzy logic, and I’m sure there is something that I’m missing out in my calculations. Before getting the illustrations I was going to be quite frugal with the accommodation and book as far in advance to get the best plane ticket prices and cycle to the work place from the office etc.
Now I can’t understand why I shouldn’t get a swanky pad, hire a car every week to get to the office and fly business class.
Can anyone help me understand – at the highest possible level - the best way for me to maximise my take home earnings? I’m sure I’m being stupid but in being stupid I can’t figure out how exactly I’m being stupid!
Regards
K*
I have been following this forum for a while as I’m about to undertake a Job in overseas in Norway and as such will be operating via an umbrella company.
They have done a few illustrations for me, which is great but there is something fundamental that I cant understand in the claiming of expenses. It seems like the more I spend on expenses – the more I take home Net.
I asked then to evaluate a few scenarios.
In one case my where my accomdation is 1000 euros my net take home is X per month. When I double my accommodation to 2000 euros and everything else is the same (pension, travel and subsistence) my net take home is X+565 euros per month.
That to me says that I should get the best apartment that I can find and that to maximise take home I should book flights at last minute and might as well pay for business rather than economy as this will increase my net take home.
This seems like a strange fuzzy logic, and I’m sure there is something that I’m missing out in my calculations. Before getting the illustrations I was going to be quite frugal with the accommodation and book as far in advance to get the best plane ticket prices and cycle to the work place from the office etc.
Now I can’t understand why I shouldn’t get a swanky pad, hire a car every week to get to the office and fly business class.
Can anyone help me understand – at the highest possible level - the best way for me to maximise my take home earnings? I’m sure I’m being stupid but in being stupid I can’t figure out how exactly I’m being stupid!
Regards
K*
Comment