Anyone out there Self-Employed working in admin?

[sazzerbear]

A part-time admin job has come which sounds pretty good, however the company wants someone self-employed as they are a small company. Although I know the basics of becoming self-employed, what are the pros/cons of this on a day to day basis? Also, what percentage would you need to add on to your normal "employed" hourly rate to cover tax and NI? TIA

[sazzerbear]

bump

[sazzerbear]

surely someone?

[Hawkeyelisa]

Hi there,
seeing as no-one else has replied, I thought I would at least give it a try...

Taken from www.direct.gov.uk

Self-employed
If you are self-employed you do not have a contract of employment with an employer. You are more likely to be contracted to provide services over a certain period of time for a fee and be in business in your own right. You will also pay your own tax and National Insurance contributions (NIC).

You do not have employment rights as such if you are self-employed. You are your own boss and can therefore decide, for example, how much to charge for your work and how much holiday to give yourself. However, you do have some legal protection.

For example, you mustn't be discriminated against and you are entitled to a safe and healthy working environment on your client's premises. Self-employed women who have recently left their jobs may be entitled to Maternity Allowance.

I can't offer any practical advice I'm afraid, never having done this, but I would be interested to hear from someone who has, in case I come up against it in my own job search.

Best of luck,

Lisa.

[Hawkeyelisa]

Also, I would probably check your contract for things like period of notice and holidays? Will you be charging an hourly rate.

NI contributions are £2.40 per week, until you make £5,715. I think you can apply for an exemption if you are just starting up.

Lisa.

[flowerybeanbag]

On what basis would you be self-employed rather than employed? Be careful it's not a tax fiddle or an attempt by them to avoid employer responsibilities, and make sure there are genuine reasons why it's a self-employed job.

Have a read here and here about employment status and working it out. Being self-employed isn't something either you or the employer choose, it is defined by the nature of the relationship between you. Unless it is very ad hoc work you are doing it would be very unusual for an admin job to be self-employed.

[sazzerbear]

brilliant, thanks guys! I will be looking into this VERY carefully!