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Hi! Confused on Contracting
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Originally posted by simes View PostOk, quite possibly another thing based on my own experiences, and not aware of those of others.
For my part, I have been 12 months per year for the last 10 years. So apologies for the assumption.
Fair play.
The number of warchest threads should also tell you that it's a reality that should be factored in. If we all did 12 months straight for 10 years we wouldn't need warchests.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by simes View PostOk, quite possibly another thing based on my own experiences, and not aware of those of others.
For my part, I have been 12 months per year for the last 10 years. So apologies for the assumption.
Fair play.Blog? What blog...?Comment
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Eight clients, of which three have been visited two or more times in that period.
NLUK, indeed. Fully understood. And beware another upcoming assumption, only those looking would be commenting on the State of the Market. For my part, I would not be jumping in on the thread to smugly state, "I'm alright Jack." I'd be shot; even more so than my current input to the boards sustains.
So, it doesn't really tell me, or indeed anyone, who on this board is currently / always contracted. As a percentage of contractors then, am not sure how it plays out across the board. But, as said, mine was an assumption.
As for warchests, I absolutely have one. The past is in no way a guaranteed pointer to the future.Last edited by simes; 19 March 2019, 12:41.Comment
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Originally posted by Lance View Postassuming 12 month contract
assuming no expenses
assuming no pension
assuming 20 days holiday
assuming no other time off
assuming starting at the start of the new tax year
It's more like £57k take home. That's a lot of assumptions.
It's more cash, but not a 'damn sight more'.I'm not fat, I'm just fluffy.Comment
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Originally posted by Lance View Postassuming 12 month contract
assuming no expenses
assuming no pension
assuming 20 days holiday
assuming no other time off
assuming starting at the start of the new tax year
It's more like £57k take home. That's a lot of assumptions.
It's more cash, but not a 'damn sight more'.Comment
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Originally posted by simes View Post£41k to £57k as a % increase is roughly 40% more. If considering a pay increase in permie land which is more like 5%, I would submit it IS a damn sight more...Blog? What blog...?Comment
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Originally posted by deltadia View PostCurrently I am earning around 45K on a temporary contract with the same company (through a umbrella company).
They have offered 350 daily rate.
Also, would I be falling under IR35?
According to a contractor calculator, for a salary of £45k (which via an umbrella is what you are equivalent to) it says you would need an 'outside IR35' day rate of £210, or 'inside IR35' day rate of £264 to be no better or worse off. So £350 either inside or outside IR35 is 'winning'.
Safest course (seeing as you're currently on a temp contract so no guarantee of long term work with the client anyway) is to accept their offer but still contract via the umbrella. The client shouldn't care about this if they are being honest about their intentions (they will be paying only the £350/day regardless of how you operate), and it means you'll be operating inside IR35 so less risky for the client anyway.
Sorted.Maybe tomorrow, I'll want to settle down. Until tomorrow, I'll just keep moving on.Comment
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Slightly curious about something... If you are on a temporary contract, through an umbrella (and presumably not as an FTC) you are already a freelance in the wide sense of the word - why are they wanting to change it?Blog? What blog...?Comment
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Originally posted by simes View PostReally? Please explain.Down with racism. Long live miscegenation!Comment
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