S
The difference now is a take home of less than 60% instead of over 80% if I had set up a limited company.
If you're a full time 'A' class employee, you should be getting at least 20 days holidays a year, as well as all the PRSI benefits. This is much better than being an 'S' class director.And obvoiusly since I dont get holidays, sick leave, pension etc, it's not working too well.
...Thinking about it now... who else was going to pay it!
What else can you claim apart from the pension, that a PAYE worker can't? What were the tax incentives?I'm self employed, and despite the hassle of annual tax returns, I can claim much more against my annual returns than a P.A.Y.E worker plus for pension, really good tax incentives,as pension off-settable against tax, percentage depending on your age)
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