W1siziisijiwmtkvmdevmjgvmtmvndavndevmje4l1vudgl0bgvkigrlc2lnbiaootqplnbuzyjdlfsiccisinrodw1iiiwimjawmhgyntajil1d

Interim Contracts

UK Interim day rates can be cheaper than FTC/PAYE contracts

There is a common myth that employing contractors on a fixed term contract basis (FTC/PAYE) is a cheaper way of filling the gap. Our cost breakdown illustrates how cost effective a professional interim on a day rate basis can be.

Interim contracts cost analysis

Figures are based on a typical package for a 12 month mid-level interim communications or marketing manager, working 219 days in the UK.

Weekdays in a year261
Annual leave25
Bank holidays8
Training days2
Sick days7
Total number of working days219

Interim day rates cost
Day rate£300
Total cost (219 days x £300)$65,700

FTC/PAYE cost
Salary£50,000
NI contribution (13.8%)£6,900
Car allowance£5,000
Bonus scheme (10%)£5,000
Pension (5%)£2,500
Medical insurance£1,500
Life assurance£100
Total cost (219 days)£71,000


​Whether it’s a maternity cover contract or a critical transformation programme, we support companies large and small with experienced, proven interims for their communications and marketing teams. Short-term or long-term, full-time or part-time, we have the network to support any brief. 

If you would like to discuss your interim hiring requirements, please contact Andy Macleod+44 (0) 20 3327 7601, amacleod@vmagroup.com.