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Salary question.

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By (user no longer on site) OP   
over a year ago

If a company was to pay me a salary of £35,000.00 how

Much will that cost my employer? I.e do they pay above and beyond the £35,000 for example pensions, NI etc

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By (user no longer on site)
over a year ago

Things may have changed but it used to be at least double your salary... To pay for HR, pensions, hardware etc

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By (user no longer on site)
over a year ago


"Things may have changed but it used to be at least double your salary... To pay for HR, pensions, hardware etc"

I heard that's the ballpark estimate, but I guess it depends on your company/rold.

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By *apillonNoirWoman
over a year ago

There...

In many private sectors it’s at least double your salary. Private sectors also use the +100% rule when charging for time.

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By (user no longer on site)
over a year ago

If you’re looking at purely from a tax perspective, it’s doing to cost them approx 13.8% in Employers NIC and then about 2% in Pension contributions in addition to the £35k

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By (user no longer on site) OP   
over a year ago


"If you’re looking at purely from a tax perspective, it’s doing to cost them approx 13.8% in Employers NIC and then about 2% in Pension contributions in addition to the £35k"
This is what I mean. I’m trying to negotiate salary v them paying me as a contractor.

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By (user no longer on site)
over a year ago


"If you’re looking at purely from a tax perspective, it’s doing to cost them approx 13.8% in Employers NIC and then about 2% in Pension contributions in addition to the £35k This is what I mean. I’m trying to negotiate salary v them paying me as a contractor. "

2% for pension seems low, my employer contributions are 21%

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By (user no longer on site)
over a year ago


"If you’re looking at purely from a tax perspective, it’s doing to cost them approx 13.8% in Employers NIC and then about 2% in Pension contributions in addition to the £35k This is what I mean. I’m trying to negotiate salary v them paying me as a contractor.

2% for pension seems low, my employer contributions are 21%

Current minimum level under auto-enrolment, employers can pay more.

"

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By *loswingersCouple
over a year ago

Gloucester


"If you’re looking at purely from a tax perspective, it’s doing to cost them approx 13.8% in Employers NIC and then about 2% in Pension contributions in addition to the £35k This is what I mean. I’m trying to negotiate salary v them paying me as a contractor.

2% for pension seems low, my employer contributions are 21%

Current minimum level under auto-enrolment, employers can pay more.

"

Employers have to match what employees put in , so can be much higher

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By (user no longer on site)
over a year ago

Employer may match what you put in but don’t have to by law. Where employers do contribution matching, they usually have a cap to what they’ll accept

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By (user no longer on site)
over a year ago

I'm lucky that my employer doubles my pension contribution.

I pay 6%

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By (user no longer on site)
over a year ago

Bare in mind auto enrolment covers all employers (pretty much everyone has joined now) so the contribution levels will vary wildly, but the minimum they have to do is 2%

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By *eep.Man
over a year ago

Just a background character

They probably have to honour sick pay, and other statutory benefits that you may not have been entitled to as a contractor.

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By (user no longer on site) OP   
over a year ago


"They probably have to honour sick pay, and other statutory benefits that you may not have been entitled to as a contractor."
I know all of that.

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By (user no longer on site) OP   
over a year ago


"If you’re looking at purely from a tax perspective, it’s doing to cost them approx 13.8% in Employers NIC and then about 2% in Pension contributions in addition to the £35k"
do you work in HR/finance?

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By (user no longer on site)
over a year ago


"If you’re looking at purely from a tax perspective, it’s doing to cost them approx 13.8% in Employers NIC and then about 2% in Pension contributions in addition to the £35k do you work in HR/finance? "

Finance - was it obvious?!

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By (user no longer on site) OP   
over a year ago


"If you’re looking at purely from a tax perspective, it’s doing to cost them approx 13.8% in Employers NIC and then about 2% in Pension contributions in addition to the £35k do you work in HR/finance?

Finance - was it obvious?!"
yes lol,

I’m going for interview Thursday and trying to compare being a contractor v salary. So I need to establish what my perspective new employer would be paying in total for me. I need to know to negotiate. Thanks for your help.

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By (user no longer on site)
over a year ago

Double? No way. About 25%

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By (user no longer on site)
over a year ago

Have you thought about how much money you make for your employer or how much value you add to the company?

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By (user no longer on site)
over a year ago

Use an on line oncost calculator. That should give you a rough ball park.

Unless I’ve misunderstood, I wouldn’t go into a job interview talking about the benefits of them taking you on opposed to having you as a contractor. Do the interview. Now them away and then negotiate a reasonable, and fair salary

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By *isscheekychopsWoman
over a year ago

The land of grey peas and bacon


"If you’re looking at purely from a tax perspective, it’s doing to cost them approx 13.8% in Employers NIC and then about 2% in Pension contributions in addition to the £35k do you work in HR/finance?

Finance - was it obvious?!"

Oh like a man good with his numbers

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By (user no longer on site)
over a year ago


"Have you thought about how much money you make for your employer or how much value you add to the company? "

Absolutely, as cost savings can be found elsewhere...

OP you're unique, sell yourself! What makes you the preferred candidate?

Re original question £35k*1.85.

Best of luck.

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By (user no longer on site) OP   
over a year ago


"Have you thought about how much money you make for your employer or how much value you add to the company?

Absolutely, as cost savings can be found elsewhere...

OP you're unique, sell yourself! What makes you the preferred candidate?

Re original question £35k*1.85.

Best of luck. "
Hi folks i

Totally get all these points. But the only way I can get the money I need is to go

As contractor. I

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