Here are some of the pros and cons for contracting vs being an employee.
| Contractor | Employee |
| Contractor gets paid higher rates (20% higher on average) | Holiday/Sick Pay |
| Can utilise expenses to offset tax PLUS Earned Income Tax Credit: €1,150 in 2018 (€950 – 2017) | PAYE Credit: €1,650 |
| Self-employed – you are your own boss | Job Security |
| Opportunity to develop business and earn additional money | Employer looks after taxes. No administrative burden |
| Independence and freedom | Employee perks |
| Company Pension more advantageous than employee pension | Employer may contribute to your pension |
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