self employed at £15per hr or contracted at rate £12 per hr

cashbackproblems

HappyMJ wrote: »

I'd go the self-employed route every time. Employed through a limited company of which I am a director paid as an employee on a rate that avoids any PAYE tax so it protects my rights to contibutions based benefits. The remainder of the income after any expenses (you can buy all all your own tools out of this tax free) are deducted can be paid as a dividend after company tax of only 20% is paid. You need to know whether the contract rate includes annual leave or is in addition to that rate.

This is financially the best option, i do this as a contractor where i have set up a ltd company and claim back "expenses", its just whether you can be bothered to do this. Everyone i also know in my team who are contractors have set themselves up this way,