Thread: Locum Rates
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Old 9th, October 2006, 09:33 PM
luckydip luckydip is offline
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Join Date: Oct 2006
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Quote:
Originally Posted by admin
Mister Pharmacist

The going rate for a normal day is £25/hour plus travel, ranging from 25p to 40p per mile.

Boots will also pay in two hours travelling, so you can claim 11 hours work (standard nine hour day). They also pay the 40p/mile.

So if you get in a Boots store, and travel say 50 miles each way, you can earn £275 + £40 = £315. Also some of their stores don't even do prescriptions - take a good book.

Mostly with a bit of travel, other companies pay about £225 to £250 per day.

I can also stress that making yourself a Ltd company helps a lot. It costs at least £250 to set up, but with a good accountant can drop your tax bill to 3 or 4k a year - depends how much you earn of course. This is all legal by the way, it's not worth trying to cheat the Inland Revenue - they will catch you!

If you need an accountant post again and I can put you in touch with a good one.
I'm thinking about giving this locum lark a go. Let me get this clear, are you saying you only pay £3K/£4K tax on a years income? I know there will be accountants fees but this sounds too good to be true. Even if you worked four days a week this means your average income would be around £52K. Paying £3-£4K tax on this would be amazing. Can you provide further info on how this is done together with an idea of the accountant fees.

Cheers
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