Employing for the 1st time ?

[IceBoy]

Hello All,

I am a limited company and work as a freelance consultant for various clients. If I employ someone for say £40k pa, what does that actually cost my business ?

Is there a basic employement contract that can be followed ?

I will obviously ask my accountant but just thought I would ask !!??

Thanks
IceBoy

[Plotloss]

Paying someone £40K gross.

The total cost to you is £44388.48

Just under 11% Employer's NI contributions.

Bit st, isnt it?

[topsparks]

Go to the Business Link website and they have a written statement of employment which I've used before and tweaked it to fit.

[Muzzlehatch]

Plotloss said:

Paying someone £40K gross.

The total cost to you is £44388.48

Just under 11% Employer's NI contributions.

Bit st, isnt it?

Don't forget pension contributions and other benefits.

[Plotloss]

Indeed but thats just on the money, there will be more at that salary level without doubt.

[IceBoy]

Thanks All.