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As long as you can legally avoid some of the issues surrounding IR35 (taxation rule, not law, specifying who is a contractor and who is an employee) and know th
by tankenmate 12y ago
As long as you can legally avoid some of the issues surrounding IR35 (taxation rule, not law, specifying who is a contractor and who is an employee) and know the rules about pay vs dividends you can pay significantly less tax.
- walshemj 12y agoA lot less even on an umbrella (akin to a w2) you make a lot more that a permanent employee. It always surprised me how poorly paid American contractors are relative to full timers. One chap on Stack over flow seemed to think a 15% premium was a good deal id be looking for 50 - 100% - I looked at a 6 moth contract for Perl at companies house and at the day rate I would have gone in at £400) I would have been on £100k Gross and around 80K after Tax.