Ever wanted to know the average up to date contract rate for your skill set? This page provides the current (updated monthly) average daily rate for IT contractors and a rough guide to net pay if working through a limited company.
We have also included a link to finding contracts in the area based on skill set.
If you compare your current rate with the ‘average net pay through a limited company’ and find that you’re not taking home as much as you’d like, going limited is something you might like to consider. For an illustration of take home pay through a limited company you could also try our contractor take home pay calculator.
Working through an Umbrella company can be the easiest option when getting contract work through a recruiter. However, in this economic climate, most contractors will want to maximise their earnings. Any accountant will tell you that working through your own limited company is the most tax efficient.
I know what you’re thinking – setting up your own limited company is complicated. Well, you may be surprised to know that it takes under five minutes to form a limited company and it’ll only take around 15-20 minutes a month to administer your company with the help of a good accountant.
If you're interested in finding out more about going limited, have a look at some of our pages
If you'd like to speak to one of our experts, call us on 0500 152 500 / 01442 232 700 or email rachel@sjdaccountancy.com
SJD Accountancy
SJD Accountancy is the UK's largest specialist provider of fixed fee, limited company accountancy services to contractors and freelancers. We've been acting for clients across the UK since 1992 and have more than 10,000 already.
We are the only national specialist firm of accountants with offices in all major UK cities, so you’ll never be far from your accountant. SJD also has more qualified staff than any other firm in our market, with qualifications from the following major tax and accountancy bodies - ATII, ATT, ACCA, CA, ACA, FCCA, ACMA. You’ll also be pleased to know that we are one of the lowest priced as well. All of our clients receive:
Free face-to-face meetings. This is another unique service, only SJD offers free face to face meetings - tax is complicated and sometimes only a meeting will do.
Unlimited access to your own dedicated accountant. No call centres, no outsourcing, no automated call handling. Simply telephone, email or meet your own dedicated accountant face to face.
Money back service guarantee. All your telephone calls and emails will be answered the same day or we will refund your monthly fee.
Outstanding reputation. We have won more awards for customer service and accountancy excellence than any other firm in our market.
We offer an all inclusive low cost monthly package which includes completion of accounts, payroll bureau, dividends and corporation tax computations, personal taxation, free bookkeeping software, unlimited access to your accountant and all company returns, so in other words everything you need for your business and personal tax affairs.
All this for a fixed monthly fee of £95 plus VAT, which is one of the lowest prices in the market.
