Hi
I work for a large company in the City, not a bank.
They have dev team of around 70 about 50-70% are contractors.
I've been contracting here since 2012. Probably the 2nd longest other is a QA.
Risky but I live 5 mins away so pushed it.
Currently on 460/day.
Contract is up in two weeks.
Been offered extension but only till March so has any contractor that renewed recently.
I asked for pay rise of 480/day.
As I left the office the two days ago I was called in by my bosses and they explained theyre investigating IR35 and what to do next april and said one option, because I've been here so long..would I be interested in going perm.
I said I'd look into it as I really had no idea what a perm would make in my role.
But today they officially made offer to go perm.
I will of course get accountant to confirm everything but thoughts on it?:
THE OFFER
Salary: £95K
Employees Pension contribution of 10%: £9,500
Discretionary Bonus Scheme up to 20%
Health Insurance
Life Insurance (4 * base salary)
Share Save Scheme - you pay in for 3 years then can buy company shares fixed at rate set today
Cycle to Work Scheme
Subsidised gym membership to a range of different gyms
=====
Note the agency I go through are moving away from one off contractor roles and moving to projects and only kept me on as legacy
They told me the client will refuse all new pay rises for all contractor so If I stay contracting it will be at 460/day till mar.
They even said if client offers perm then I should stop contracting and take it.
thoughts?
Oh and my friend works at HMRC and the other night at dinner said they're determined to close IR35 loophole and no its not vague.
Perm or not perm?
My accountant has messed up twice recently so thats becoming a pain too.
I work for a large company in the City, not a bank.
They have dev team of around 70 about 50-70% are contractors.
I've been contracting here since 2012. Probably the 2nd longest other is a QA.
Risky but I live 5 mins away so pushed it.
Currently on 460/day.
Contract is up in two weeks.
Been offered extension but only till March so has any contractor that renewed recently.
I asked for pay rise of 480/day.
As I left the office the two days ago I was called in by my bosses and they explained theyre investigating IR35 and what to do next april and said one option, because I've been here so long..would I be interested in going perm.
I said I'd look into it as I really had no idea what a perm would make in my role.
But today they officially made offer to go perm.
I will of course get accountant to confirm everything but thoughts on it?:
THE OFFER
Salary: £95K
Employees Pension contribution of 10%: £9,500
Discretionary Bonus Scheme up to 20%
Health Insurance
Life Insurance (4 * base salary)
Share Save Scheme - you pay in for 3 years then can buy company shares fixed at rate set today
Cycle to Work Scheme
Subsidised gym membership to a range of different gyms
=====
Note the agency I go through are moving away from one off contractor roles and moving to projects and only kept me on as legacy
They told me the client will refuse all new pay rises for all contractor so If I stay contracting it will be at 460/day till mar.
They even said if client offers perm then I should stop contracting and take it.
thoughts?
Oh and my friend works at HMRC and the other night at dinner said they're determined to close IR35 loophole and no its not vague.
Perm or not perm?
My accountant has messed up twice recently so thats becoming a pain too.
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