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Contractor- Crazy on This Tax Deduction

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  • Grumpy_chap
    Grumpy_chap Posts: 20,292 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    chrisbur said:
    in line with a gross nearer to £2000 than £1800  perhaps something to do with being through umbrella I am not well acquainted with these systems.

    That's probably about right, as the OP said:
    dranzer01 said:
    Im a contractor and I received my first pay - day rate 450; 

    £450 per day.
    £2,250 per week.
    Deductions for umbrella margin, something to a pension, employer's NI, apprenticeship levy.
    Gross of around £2k would not be far off.
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