28th January 2009, 08:22 PM
Of course your ?65 sounds less than TT's ?70. But whilst you pay income tax on both, you pay all your NI as self-employed, as an employee you get paid for 8 bank holidays, 20 odd days annual leave, get sick pay (hopefully!), tools and equipment provided, and don't have to go out and win jobs, or do any admin/tax stuff. You also have to pay all your pension subs etc as self employed, plus insurance, accommodation, travel, vehicle, (if you can't put them as expenses). And of course if you don't work every day you don't get paid. So that ?70 a day gross shrinks pretty quickly to a lot lot less.
I imagine what TT did to work out their wages was just take a digger's gross wage and convert to a day rate.
I imagine what TT did to work out their wages was just take a digger's gross wage and convert to a day rate.