Hi, I recently started as IT contractor. I have my own limited company. At the moment my take home pay is 60% of my gross income. Is this normal? What is the average take home pay when you operate as limited company. I know it depends on lot of things like expenses, but I am just looking to hear from other IT contractors their opinions.
I heard from some people they are keeping upto 80% of gross. How this is possible?
I am claiming mobile bill and broadband only. I can not claim for mileage because I am traveling to the same client every day. What else can I claim? Any guidance and info really helpful to me.
Thanks
I heard from some people they are keeping upto 80% of gross. How this is possible?
I am claiming mobile bill and broadband only. I can not claim for mileage because I am traveling to the same client every day. What else can I claim? Any guidance and info really helpful to me.
Thanks