freelance contracting costs – updated

For paid eLearning contracts in UK at my career level experience, start up from nothing with no guaranteed work is minimum:

£50 – £100 general set up & registration

£100 insurance (various) p/yr

£775.00 elearning software costs  for 1 yr (not including systems e.g. hosted Moodle could be £40 p/yr or hosted WordPress with LMS £160 per year)

£300.00 accountancy fees for 1 yr including tax return submission

£150 business banking for 1 yr

Total approx £1,600

If you factor that into hourly contracting rate that’s over £13 p/hr on top to break even.

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