comparing agency with perm employed income - Contractor UK Bulletin Board

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cojak replied

7 April 2022, 16:20
Post moved to Accounting
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Tom2387213 started a topic comparing agency with perm employed income

7 April 2022, 13:08
comparing agency with perm employed income

hi forum, 1st time post so if i put this in the wrong place please let me know and I'll move it.

I've been trying to understand how to compare agency pay to gross salary in a perm role.

I'm ignoring pension or any other considerations for now, but wanted to include holiday (28 days at my current org) and public holidays (9 in 2022).

Is this something anyone has done, or had done for them? I've done my own calculations but was hoping to get my working checked. Would you expect to approach an accountant to do this? I have approached my umbrella company but no response so far, and I guess it's not really within their remit but I thought they might signpost me.

nb, if you're interested these were my steps:

I took my full weekly income then used the 'net to Gross' calculator (link below), and calculated
a) what my equivalent annual gross would be if I worked 37.5 hrs every week with no days off
b) the above, but taking 28 days holiday (i.e. using up all my holiday pay for this purpose)
c) both the above, plus not working 9 public holidays, so reducing the total Gross.

https://www.stafftax.co.uk/net-to-gr...tor#calculator

I understand the above site makes a few necessary assumptions so final figures are not precise, which I'm fine with.

thanks.
Tom
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