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Discussion Starter · #3 ·
Definitely not! :) i just sent off for my PCO License to TFL. But I cant imagine it is possible to earn 4k a month. If i'm not mistaken earn means after all costs etc. That works out to £17 per hour. I have heard of drivers working out their salary at around £6-8 per hour and working more than 55 hours.
 

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In Uber speech, earnings = total amount in fares.
Then take away their commision, and your total running costs = profit.
 

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4000 - 20% uber fee = 3200

3200 divided by 220 hours a month equals 14.50 an hour. minus 20% tax equals 11.60 an hour

then minus fuel and car rent if you are renting and insurance and depreciation and Wear and tear leaves u with approximately 50p an hour
 

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Discussion Starter · #6 ·
So then technically if they claim I can earn £4000 working 55 hour weeks then i can earn £6000 a month working 84hour week

6000 - 20% uber fee = 4800
4800 - 20% tax = 3800
3800- running costs 1000 = 2800

working 12 hour a day for 30 days straight = 360 hours per month

£2800/360 hours = £7.7 per hour

Basically i can make same amount of money working in Mc Donald's!
 

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Discussion Starter · #8 ·
Heres another calculation then

If one driver only wants to work 4 hours a day 5 x a week (20 hours a week).

£1450 - 20% uber fee = £1160
£1160 - 20% tax = £928
£928 - running costs 700 = £228 per month

£228 / 85 hours a month = £2.68 per hour

I can make more money sewing nike trainers in indonesia!
 

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So then technically if they claim I can earn £4000 working 55 hour weeks then i can earn £6000 a month working 84hour week

6000 - 20% uber fee = 4800
4800 - 20% tax = 3800
3800- running costs 1000 = 2800

working 12 hour a day for 30 days straight = 360 hours per month

£2800/360 hours = £7.7 per hour

Basically i can make same amount of money working in Mc Donald's!
Only thing with Mcds is that u can't work 360hrs per month.
With uber or any self employment work the earnings is Upto u.
 

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You can't calculate your earnings per hour by knocking off tax as well and making comparisons to other jobs.

When you look at job ads in the papers, online, at agencies etc, they give you the gross figure, eg £14k a year, £9 an hour or whatever.

You don't normally then work out how much tax you pay, knock that off, then work out your hourly rate. Also bear in mind in this job, commuting costs and time are included. The McDonald's worker may have an hour commute by tube every day (then moan to the interviewer that you've worked out your total commuting costs and time and find they're giving you well below the minimum wage...)

In the examples above you also omit the personal allowance, which is tax free, where the first £10,000 or so (depending on your personal circumstances) you don't pay tax on.

There is more to consider when comparing like for like with a typical PAYE office/restaurant etc, job.
 

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So how many hours in london do you work to get £1000 in revenue per week?
To be honest it's not about how many hours you work, it's about the times you work.

I booked an UberX once and got speaking with the guy, he works five 12 hour shifts a week and was only making around £150-£200 on fares more than me. I work roughly 40 hours a week.
 

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For me flexibility and freedom comes first,
I used to be a van courier driver and my shift was from 9 to 7 pm but always went home like 9 pm and money was low ,
With PH I have my freedom some day I am late to start but I know I can manage that rest of the week.
 
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