Quote:
Originally Posted by christina  hi guys,
i am getting married next year and have just settled down with a mortgage for my first house, so i'm in desperate need of a higher salary!  i am in the process of handing in my resignation to my full-time sainsburys pharmacy. i just want to ask what the actual salary is for a locum pharmacist after all tax deductions if you were to set up your own limited company? i understand obviously this varies with the rates of pay and the number of hours u work a week, but generally speaking say you were to take in £45k or £50k inc. tax, what would be the rough amount you would end up with after paying tax (taking into account of all taxable deductions eg. car costs, stationary etc...)?
am i asking the question right  i really need some help in all these tax queries! many many many thanks in advance!!  |
Alternatively...
Are there any local jobs on your doorstep.
Minimum commuting will give you more time and cut fuel costs.
It really is nice to be home earlier, especially winter evenings!
Some of the smaller friendlier chains have stopped advertising because of minimum response. They could be waiting for your call.
Locums should work for a variety of employers. You will pay reduced NI contributions but you will be responsible for your tax, which is paid in arrears in 6 monthly chunks. You have to put money aside for this - so don't blow it all or borrow it to pay a big bill or a holiday! You can make use of ISAs if you haven't got these already to save your tax money. (use husbands allowance if he isn't using it) You can claim for mileage, car, laundry of overalls. Might even manage a laptop and internet access. Usually you get a proportion that you can write off against tax. If you know a self-employed locum ask them who they use for accountancy and go and have a chat. You will of course have to pay the accountant but that can be offset against tax.