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New to contract World

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    New to contract World

    Hi there,
    I am new to the contracting world and have been permi for last 8 years and have offered a 6 month contract with possibility of long term extension. I know the client and got the offer of £500 per day and there is no agency involve. Would you guys please let me know if I go with Umbrella company to start with how much I would take home. I would appreciate if you have some tips or advice on offer.

    Cheers

    #2
    Hi NiceGuy.

    Have a look at the Umbrella calculator. Umbrella Company Tax Calculator

    There are a number of umbrellas advertised here, give them a call to find out their fees.

    As for advice, take a look at http://forums.contractoruk.com/accou...-business.html and first timers guides.

    http://www.contractoruk.com/first_timers/
    "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
    - Voltaire/Benjamin Franklin/Anne Frank...

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      #3
      I would advise you forget the extension aspect completely and don't get your hopes up. People have been binned in the reception area on their first day. As a contractor you don't have anything until the ink has dried on the contract and you are sat at a desk at the client and even that can be taken away from you in a day.
      'CUK forum personality of 2011 - Winner - Yes really!!!!

      Comment


        #4
        And the other piece of advice is make sure you have a large warchest. Should the worst happen and this falls through or you don't get your extension you could be on the bench for a good number of months, particularly if you are new to contracting.
        'CUK forum personality of 2011 - Winner - Yes really!!!!

        Comment


          #5
          At £500 a day for 6 months, it's worth considering ltd. Read the newbie guides ---->

          Comment


            #6
            Out of interest how do you know the client? Wouldn't be through your current role leading to possible handcuff problems would it?
            'CUK forum personality of 2011 - Winner - Yes really!!!!

            Comment

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