1st August 2008, 07:40 PM
I am really not sure how David arrives at the figure of UKP 120 per week being the real rate of pay.
OK lets look at the costs per year.
PPE ?60
Insurance ?500
Equipment ?100
Laptop & Printer ?100 (replacing every 5 years.
Finance ?250.
I suggest that the net figure is about 13400 which below the BAJR grade 2 threshold. You pay NI if you are employed or self employed. You pay your own tax if you are employed or self employed.
As for the figures that are being suggested that people can charge realistically these will be a lot lower. Freelance historians charge ?8-10 an hour for example. In all eventualities the rate will have to be lower than the charge out rate for the main employer so say ?100 per day for a digger or 140 for a project officer I would think are the maximums that can be charged.
ANYBODY THINKING ABOUT BECOMING SELF EMPLOYED MUST BE AWARE OF THE REVENUE RULES.
I really dont think it is a good idea for somebody who has done a few DBAs to set up doing the research for them if they have any liability for the content of them.
Peter
OK lets look at the costs per year.
PPE ?60
Insurance ?500
Equipment ?100
Laptop & Printer ?100 (replacing every 5 years.
Finance ?250.
I suggest that the net figure is about 13400 which below the BAJR grade 2 threshold. You pay NI if you are employed or self employed. You pay your own tax if you are employed or self employed.
As for the figures that are being suggested that people can charge realistically these will be a lot lower. Freelance historians charge ?8-10 an hour for example. In all eventualities the rate will have to be lower than the charge out rate for the main employer so say ?100 per day for a digger or 140 for a project officer I would think are the maximums that can be charged.
ANYBODY THINKING ABOUT BECOMING SELF EMPLOYED MUST BE AWARE OF THE REVENUE RULES.
I really dont think it is a good idea for somebody who has done a few DBAs to set up doing the research for them if they have any liability for the content of them.
Peter