Just so you know, all our live-in carers are working under a self-employment basis. Before applying, please ensure, that you are comfortable being self-employed.
Being self-employed and being employed are two different forms of work arrangements.
Employed: When you are on an employment basis you work for an employer or a company for a permanent or short time.
Self-Employed: When you are self-employed, you are on your business.
Below are some key differences between the two options:
Paying tax
Employed: As an employee, your employer withholds income, and your employer deducts your tax each month.
Self-Employed: You pay your tax annually after preparing a self-assessment tax return for HMRC.
Pension
Employed: Many employers provide benefits like health insurance, retirement plans, paid time off, and other perks as part of the employment package.
Self-Employed: You need to arrange your pension plan. As a self-employed, you will not qualify for employer pension contributions, so unless you set up and contribute towards your pension, you may face a shortfall in your retirement income.
Responsibilities
Employed: You're only held accountable for mistakes you make yourself on your assigned projects.
Self-employed: You carry more responsibility as a self-employed individual than an employed person, as you manage and handle all aspects of your business, from finance and accounting to tax. You're also accountable for any mistakes that may occur.
Feel free to reach out to us if you have any questions by clicking on the button.