28th March 2008, 01:57 PM
The link above is useful. I would also add to it that you need to consider the lack of paid leave, paid sick leave and maternity/paternity leave if you are self employed. On the plus side, you can pick and choose your jobs and who you work with and you decide what rate you charge.
In addition to the NI, Taxation and insurance issues, you need to be very careful about your accounting for being self employed as well, especially if you are thinking about mortgages, loans etc.
Just my 2p (which will also have the employers NI contribution on it if I'm employed....)
In addition to the NI, Taxation and insurance issues, you need to be very careful about your accounting for being self employed as well, especially if you are thinking about mortgages, loans etc.
Just my 2p (which will also have the employers NI contribution on it if I'm employed....)