Should I become a Ltd company


A

Aosmosis

I am a new graduate so please excuse my finacial ignorace.

My permanent job with the NHS starts at the end of Aug and that is salaried.
Between now and then I am doing locum work with pay of between £25-30 per
hour working about 3 days per week on average 7 hours per day aprox.

I am using an agency at the moment who told me that as I am essentially self
employed as a locum that I should consider going Ltd and pay corporate tax
over everything above minimum wage rather than conventional tax.

Also as I rely on the agency to find me work I cant really work out when I
will next be working.

I havnt been earning this year so I understand that you dont pay tax on the
first 5 grand you earn. I dont anticipate earning this much before I start
my agency, so what is the best way to get the agency to give me gross pay
rather than net?

Thanks very much
 
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P

Peter Saxton

I am a new graduate so please excuse my finacial ignorace.

My permanent job with the NHS starts at the end of Aug and that is salaried.
Between now and then I am doing locum work with pay of between £25-30 per
hour working about 3 days per week on average 7 hours per day aprox.

I am using an agency at the moment who told me that as I am essentially self
employed as a locum that I should consider going Ltd and pay corporate tax
over everything above minimum wage rather than conventional tax.

Also as I rely on the agency to find me work I cant really work out when I
will next be working.

I havnt been earning this year so I understand that you dont pay tax on the
first 5 grand you earn. I dont anticipate earning this much before I start
my agency, so what is the best way to get the agency to give me gross pay
rather than net?

Thanks very much
It's not worth the hassle to set up a company and operate it for a few
months.
 
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S

Simon

Aosmosis said:
I am a new graduate so please excuse my finacial ignorace.

My permanent job with the NHS starts at the end of Aug and that is
salaried.
Between now and then I am doing locum work with pay of between £25-30 per
hour working about 3 days per week on average 7 hours per day aprox.

I am using an agency at the moment who told me that as I am essentially
self
employed as a locum that I should consider going Ltd and pay corporate tax
over everything above minimum wage rather than conventional tax.

Also as I rely on the agency to find me work I cant really work out when I
will next be working.

I havnt been earning this year so I understand that you dont pay tax on
the
first 5 grand you earn. I dont anticipate earning this much before I start
my agency, so what is the best way to get the agency to give me gross pay
rather than net?

Thanks very much
Who pays you, the client or the agency?
 

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