Locum Rate Calculations - thread moved

[SolomonQ]

what about setting yourself up as a private limited company and employing your partner in the business just upto use her tax free allowance, this would save bout 5750 times 0.4 pounds, also pay myself minimum, and minimise the company profit by declrin all the costs. these f^%$£" politicians are doing it with "our" tax money, so why cant we keep mre of it.

Although in the future i'l be leavin my finances to an accountant, dont know what else this idiot PM Brown will do after the 10p rate fiasco, i actually got happy when i heard it was going to be introduced, i was thinking less tax from me.

also people on this website keep quoting salaries of 35-40K, as i have demonstrated one can easily make 50K, so whats going on?

[Robatcymraeg]

Naturally your partner acts as your secretary (and really does the work !! ), earns just under the tax threshold, and you can do this as a private trader. Take care over limited companies, the rules are severe and they can cost more than they save.

[SolomonQ]

and really does the work !!

yea lol, i'l get her to open my letters, rest of the time look after my children, do a bit of cleaning, cook for me, erm lol lets leave it there...politicians are a fine example to follow, glod bless 'em all :P

[Fleegle]

Originally Posted by SolomonQ

yea i did forget the NI thanks for pointing that out but i still dont understand how NI is worked out for self-employed, is that 2.20 per week plus 5,250 (class 2 and 4),

bout he TV license well my point about that was that if ure living independly with ur own house etc... then ur bound to have a tv and u'll have to pay the license so in effect this is a poll tax.

about the allowances i did mention the tax deductable amount would be smaller after the various allowances, dono how ppl missed that

but overall quite intreging to find that no one actually commented on my actual calcs e.g. how accurate they are, about the pay rate or hours worked a week, i wonder why this is, seems to hint at some form of secrative mindset

im still a pre-reg and jus calculating this straight from basics. i hope people can atleast find it in their hearts to say either: yay or nay!!!!

Piss off Solly.

[SolomonQ]

with my experience so far, id have to revise the income closer to 40k,

[howe928]

this is an interesting discussion but it has nothing to do with MUR

[Tony Schofield]

so your contribution to return to MUR, which has probably been exhausted on this thread, is.............?

MURs introduced payment of money for an all new clinical service. How that money is divided up is a salient point, as it impacts on incomes it is acceptable to discuss money in this context on this thread.

The last contribution to this thread was 3 weeks ago. What are you hoping to learn from the discussion by publishing your complaint today?

[howe928]

i just think this discussion should be moved to locum section, useful information for locum-to-be

[admin]

Originally Posted by howe928

i just think this discussion should be moved to locum section, useful information for locum-to-be

Do you want me to move this thread - every post?

Which section - locum one?

[howe928]

you are the admin, you decide, i can only give my idea or opinion