Originally posted by hyperD
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: Ir35calc.co.uk: fair enough?
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "Ir35calc.co.uk: fair enough?"
Collapse
-
Originally posted by FranckoHow can you all be sure you are never going to pay IR35?
Leave a comment:
-
You can actually get insurance against IR35, so yes you can gurantee that as you have insurance you don't pay it. The insurers then pay any IR35 demanded by the IR in the unlikely event that they win a court case. The insurance is fairly cheap.
Leave a comment:
-
Originally posted by swampI calculate most permies work around 225 days a year, including sick days and holidays. So 80K salary would be comparable to £44 per hour.
Leave a comment:
-
I calculate most permies work around 225 days a year, including sick days and holidays. So 80K salary would be comparable to £44 per hour.
Leave a comment:
-
...this sounds like you're trying to come terms with a perm salary.
Well lets calculate.
Well I get 200 days on £60 is around £96K gross. So assuming the 10% employers contribution means 90K (cost to the mployer) = £60.
However.....
I think you'll find most contractors who've been doing it for over 5 years average quite a bit more than 200 days a year, including "downtime".
...and who the hell pays IR35...
The reality is if you're on 60 an hour you'll be netting around £75,000
a year NETTING . That is contracting reality.
I'm on a paltry rate and net comparably.Last edited by BlasterBates; 21 June 2006, 11:39.
Leave a comment:
-
Ir35calc.co.uk: fair enough?
What do you reckon? Is it a fair calculation?
http://calculator.contractoruk.com/
According to this an 80k permanent position is paired with a 60 quid an hour contract within IR35.
I tend to agree, would you?Tags: None
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: