Locum

RE: Locum

Jennifer Henderson RVN — Fri, 13 Jan 2017 15:51:52 GMT

[quote user="annaschu"]

I'm self employed. I don't use an umbrella company but use Hazlewoods as my accountants (they know our industry well) and put aside my tax and NI each month into a bank account. I switched bank accounts to M&S and was able to take advantage of a 6% savings account that they were doing as a special so am earning a little bit of interest on my tax money that will help to offset the accountants fee!

[/quote]

so have you just put your tax and NI in a savings account? How do you do your invoicing etc?

RE: Locum

annaschu — Fri, 13 Jan 2017 13:50:29 GMT

RE: Locum

Kirsty RVN — Fri, 13 Jan 2017 01:16:30 GMT

I would just be wary about using umbrella companies. I did it for 8 months and ended up worse off financially.

The umbrella was deducting a fee weekly for doing my payroll but as well as deducting employee tax and national insurance they also deduct employer tax and national insurance so I was paying two sets of national insurance which took a huge chunk out my salary and as you can no longer offset your expenses if you go through a umbrella company I was massively worse off. So even though I was a locum I earned less than a permanent nurse.

I now work as a fixed term locum and go on the practice payroll instead so the only deductions I have is tax and national insurance.

But it is a really good way to gain experience and confidence

RE: Locum

Arlo Guthrie — Thu, 12 Jan 2017 16:49:48 GMT

[quote user="Mason8"]Sorry, while I was reading your response baby bumped my arm and I hit the report a abuse button. I don't know how to retract it lol[/quote]

Don't worry, doesn't do anything unless lots of people report the same post!

RE: Locum

Mason8 — Thu, 12 Jan 2017 16:42:45 GMT

Sorry, while I was reading your response baby bumped my arm and I hit the report a abuse button. I don't know how to retract it lol

RE: Locum

Arlo Guthrie — Thu, 12 Jan 2017 16:27:52 GMT

[quote user="PHA86"]Is it sensible/mandatory to have insurance, such as VDS, or do the umbrella companies cover this?[/quote]

I'm just working on a new information/advice sheet about locuming, which will answer questions like these, prepared with Alison Clare Hickman - more soon :)

RE: Locum

PHA86 — Thu, 12 Jan 2017 14:44:41 GMT

I handed in my notice yesterday to spend more time with my son but might want to do the odd shift here and there, just to keep me sane!

Is it sensible/mandatory to have insurance, such as VDS, or do the umbrella companies cover this?

RE: Locum

Jennifer Henderson RVN — Thu, 12 Jan 2017 13:52:18 GMT

[quote user="DanniellaaLouiisee"]

[quote user="Jennifer Henderson RVN"]

I use i4, never had any problems with them and they've always paid me on time. Not even given it consideration to try someone else. I need to double check but I'm pretty sure they cover your vds insurance too.

[/quote]

thankyou :)

[/quote]

unfortunately I seem to keep having problems with them and they're being rude about it so I no longer stand by my previous statement. Changing umbrella companies now.

RE: Locum

DanniellaaLouiisee — Tue, 20 Dec 2016 16:59:27 GMT

[quote user="Jennifer Henderson RVN"]

[/quote]

thankyou :)

RE: Locum

Jennifer Henderson RVN — Fri, 09 Dec 2016 20:58:20 GMT

RE: Locum

DanniellaaLouiisee — Fri, 09 Dec 2016 18:53:30 GMT

[quote user="Jennifer Henderson RVN"]

I have been locuming next to my current full time job and I love it. The money is better than that you would usually earn from your average permanent job and it also gives you flexibility on the shifts you want to work as well as great experience working within different practices. I am registered with an umbrella company who charge you a small amount of money each day of work you do and they do your national insurance and taxes so you don't need to worry about that. Some people set up a limited company but then I think you have to do them yourself or use an accountant. Let me know if you need any more help :)

[/quote]what umbrella companies do you use?

RE: Locum

Penny Gilbert RVN — Mon, 05 Dec 2016 23:31:43 GMT

I have been full time locuming for 5 months now and I have never been out of work, the money is undoubatfully better then full time. The min for an RV. Is £15/phr, depending on the experience you have and the paractice the price changes also what hours you do if it's OOH then it's a lot more. I love locuming. I use a Locum agency that charge me a dayily rate per day that I work and that's it no percentage as some umbrella co's do that !! So be careful. I would recommend first time starting out going threw an umbrella company so they do all your tax and NI you don't deal with it yourself and once you have tried locuming and like it I would then become a limited company. It can get ry confusing so if you have any other questions feel free :). And the pay out it this way working one month 5 days a week is the same as working 2 and a half months in my last perm job. :)

RE: Locum

Jennifer Henderson RVN — Sun, 04 Dec 2016 09:35:48 GMT

another thing i have been told to do is to put some money away from each earning so if you have a quiet month you have something in the bank to keep you going

RE: Locum

Jennifer Henderson RVN — Sun, 04 Dec 2016 09:34:42 GMT

Have you got a lot of practices in your area? I am quite lucky as I can commute easily to manchester/cheshire/lancashire and theres a lot of practices needing locums such as the 24 hour hospitals etc. It is a scary choice, I handed my notice in on friday to further my experience locuming on a full time basis and i am quite nervous! It might just mean you working a variety of shifts at different places or there may be some practices looking for someone for a few weeks/months at a time. If you have never locumed before i would maybe do it while you have a full time job to see what kind of work is out there for a bit. I have been locuming next to my current job for over a year and only just decided to bite the bullet and do it full time. I have someone at to pay my rent/bills if I have a particularly rubbish month though so i don't need to worry about that too much.

RE: Locum

FINNIGAN — Sat, 03 Dec 2016 20:29:38 GMT

Thanku anything really as never done before, live alone so really need an assured monthly wage so just wondering if it's a good option

RE: Locum

Jennifer Henderson RVN — Sat, 03 Dec 2016 11:14:38 GMT

RE: Locum

FINNIGAN — Fri, 02 Dec 2016 21:01:46 GMT

Everything really, never done it, how would u go about it. Can u earn better money? Would I have to manage my own tax not ins etc? Anything u can give me feedback on I'd b grateful

RE: Locum

Penny Gilbert RVN — Sun, 27 Nov 2016 23:49:31 GMT

What type of things do you want to know ??

RE: Locum

FINNIGAN — Fri, 25 Nov 2016 18:34:52 GMT

West sussex

RE: Locum

Mark Hedberg — Fri, 25 Nov 2016 13:47:09 GMT

Good luck - where are you at present?