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Originally Posted by nini
I have been freelancing for 2 1/2 years in London. Its great ! Come join the fun. Things are a bit slow around Jan/ early feb, then you can get longer contracts.
40k sounds nice for a full time job, you an actionscripter? you'll be able to earn more than 200 a day if you are.
there is the recession to worry bout too though . . . grrr
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Nini, its more about the tax issues Im thinking about. If you go up to 40k all of a sudden the tax band increases to 40% and although it sounds like a hugley significant rise, the reality is much less than you would initially think. When doing self assessment tax, do you tend to lose just as much to the taxman, or through writing of expenses such as petrol, lunch etc, and saving the vat are you better off freelancing/contracting?
To break it down I would take home £2250 ish a month after tax, NI, Student loan etc... £200 a day I could get £4000 not taking into account tax. I guess Im more interested in knowing the self assessment side of it and how much the taxman helps himself to.
I know im sounding like a money grabbing designer, but truth is this next year is about money for me and i got a family to look after. If it came down to just satisfaction I guess the job route would definately work for me.
Thanks again for all your input...