If one is open for both contract and permanent, how to arrive at equivalent pay?
Suppose we put 400/day inside IR35 on contractor calculator, we get below calculation :
What is the rough calculation between contract rate to actual typical perm pay?
Many thanks.
Suppose we put 400/day inside IR35 on contractor calculator, we get below calculation :
- Contract outside of IR35:
- Net monthly income is around £5,096
- Permanent salary required is £90,470
- Contract inside of IR35:
- Net monthly income is around £4,194
- Permanent salary required is £71,797
What is the rough calculation between contract rate to actual typical perm pay?
Many thanks.
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