How Much Can Your Earn Contracting

This is step 2 of our guide Contracting in the UK.

Contract work pays more than permanent work. In addition, if you can structure you tax affairs well (see IR35 discussed later) then you will pay much less tax as a percentage of your gross income.

To find out the contract rate that will earn you the same as contracting use our Permanent to Contracting Calculator.

To find out the contract rate to earn your target net monthly income use our Target Income Calculator.

This site has a whole range of unique calculators for all aspects of contracting.

After finding out how much you can earn it is time to prepare yourself to enter the market.


Step 3: Preparing to find a contract preparing to find a contract


  
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Project management contractor does it ‘by the book’, literally, to win first contract Project management contractor does it ‘by the book’, literally, to win first contract

Project management contractor Ken Burrell won his first contract, and just secured his first renewal, by acquiring & applying new contracting skills.

ContractorCalculator Market Report February 2012 ContractorCalculator Market Report February 2012

Contractors received a PR boost in Davos and have a target rich contract market if they can pick the winning sectors of the UK’s two-speed economy.

Plenty of rules for us; no rules for them Plenty of rules for us; no rules for them

Contractors could be forgiven for assuming HMRC only targets the public over tax avoidance, while the political elite are left to get on with it.

IR35, tax avoidance and Ed Lester: a potent mix threatening contractors’ livelihoods IR35, tax avoidance and Ed Lester: a potent mix threatening contractors’ livelihoods

Contractors are right to be worried by interim management contractor Ed Lester’s trial by media, because an unjustified backlash might be the result.


  
  

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  • Contractor demand increased in January but billings down - a mismatch of demand and supply? REC/KPMG Report on Jobs http://t.co/E4npw1Q3

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  • Contractor Newsletter, Issue 62: February 2012 http://t.co/SxRdnKm1

    Tue, 07 Feb 2012

  • It sounds glib, but a good start in reducing govt's gob-smacking costs (http://t.co/tzOGMPa1) would be to invest in pro interims/contractors

    Tue, 07 Feb 2012

  • £10.9bn of unpaid tax written off by government; Treasury failed to spot worrying trends http://t.co/7PKjoXVe via @NewStatesman

    Tue, 07 Feb 2012

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