Allowing for tax, national insurance etc

[plumb_know]

Hi everyone,

as as you may have seen from previous posts I have recently gone self employed and I am just trying to get my pricing right. I have got my day rate and hourly rate but am not sure what I should be allowing for in the way of tax, national insurance contributions etc? Should I be adding 20% to my price to allow for this?

Any my help welcome also if you could give me a rough idea of how you price that would be great? Think I asked a similar question a while back but can't find the thread so sorry if I'm repeating

thanks

 

[albatross]

Whatever you want to come home with, double it. There is tax, NI, van costs, gas safe, tools insurances, sick days, holidays, doing free quotes, ordering stuff etc all to pay for.

 

[Paulus]

If you do a web search for Which Plumbers you will get the Which local page (besides others) which may give you some ideas.

 

[Leo21]

If you've got a good accountant you won't pay to much tax for the first few years.