I decided to venture into the world of contracting but wasn't sure if I would stay so took a 6 month contract and signed up with Giant. Their estimates had my take home being around £5300 a month which given PAYE calculators seemed about right. I was shocked and dismayed when my first month's cheque was for £3600 which included a Student Loan Payment of (£668) that they said I ticked the box for on my P46 (I never went to school in the UK so that is pretty much impossible) and didn't tick it. They promised to repay that amount this month but now are telling me that since it is a new tax year I have to request it from HMRC. I'm trying to understand how I made more a month when I was an employee and made £25k less a year. Can anyone help? I feel like the Employer's cost are extortionate and amount to about £1k a month (of which some is their margin £140). They can't provide me a break down when I ask. I have decided to leave them from the 1st of April but have a horrible feeling they will be keeping quite a bit of my money.
For information I contract out of an Agency that pays monthly (Giant's calculators only seem to be weekly)
For information I contract out of an Agency that pays monthly (Giant's calculators only seem to be weekly)
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