Hopefully someone can help me. I'm trying to calculate how much my gross salary should be if I move to a permanent role.
I'm currently contracting and I pay myself €4k per month. I'm married, but have no kids.
What salary would I need to earn gross to offer a similar net monthly income?
Hopefully someone can help me. I'm trying to calculate how much my gross salary should be if I move to a permanent role.
I'm currently contracting and I pay myself €4k per month. I'm married, but have no kids.
What salary would I need to earn gross to offer a similar net monthly income?
You pay yourself 4k but is there a surplus left in the company at the end of the year ? In simple terms you should multiply monthly contract rate by ten to get annual salary as you don't get paid holidays or sick benifits. So if you get 5k a month your equivelent permy wage would be 50k BUT you can ease you tax burden a bit on contract with mileage, lunch allowance etc.