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See, it depends. Realstically, as a contractor you'd be billing ~220 days a year. Contractor: (Devops, high day rate) 750 x 220 = £165,000.
800 x 220 = £176,000. Employee: (Devops, high salary) + Employers NI. 150,000 + 19,508.78 = £169,508.78 Said contractor would need to bring his own equipment, pay insurance, and deal with the risk of being let go arbitrarily, and won't get a bonus or pension contribs. Now where the contractor can make out is, he can pay reasonable expenses, and he can act more tax efficent, especially if he doesn't pay himself more than the higher threshold. For the record, I'm not a big fan of the politics that comes with being an employee, I like to just come in, do the work, and leave, so quite happy as a contractor. |