I'm lining up a job with a local company, approx 16 hours per week doing internal comms and marketing.
The role is for a pro rata salary of approx £40k, which I think equates to around £20 per hour.
Numbers and tax aren't my strongest point....which structure would be best for me, salaried or freelance/self employed?
I've set up a limited company previously to work in IT, which made sense due to the day rate I was charging and the hours I was working. I don't think it's right in this instance.
As a freelancer, how would I pay tax and Ni? If I understand the allowances, I'd just be taxable on the amount above £10k I.e. Approx £4k per year based on working a 16 hour week/48 weeks per year.
Or am I better off being salaried?