Should I Go Contractor?
Compare your permanent salary to contractor rates. See the real difference.
1 Your Permanent Job
Health insurance, gym, training budget, etc.
2 Contractor Opportunity
Account for gaps between contracts (44-46 typical)
👔 Permanent
Gross Salary
£0
Income Tax
-£0
National Insurance
-£0
Net Take-Home
£0
+ Pension (employer)
+£0
+ Benefits value
+£0
Total Package Value
£0
💼 Contractor
Gross Billings
£0
Corp Tax / Employer NI
-£0
Personal Tax + NI
-£0
Net Take-Home
£0
No employer pension
£0
No employer benefits
£0
Total Package Value
£0
⚖️ Beyond the Numbers
Contractor Pros
- ✓ Higher earning potential
- ✓ Flexibility in schedule/location
- ✓ Variety of projects and clients
- ✓ Tax-efficient expenses (Outside IR35)
- ✓ Control over your career
Contractor Cons
- ✗ No job security / gaps between contracts
- ✗ No sick pay, holiday pay, or parental leave
- ✗ No employer pension contributions
- ✗ Admin overhead (Ltd company, accounts, IR35)
- ✗ Harder to get mortgages
Ready to explore contracting?
Check your IR35 status and calculate your exact take-home pay.