Hello
I've never contracted but I've been offered a 12 month contract on £50/hr so £400/day making = 40 h x £50 x 46 weeks (i.e. knock off 6 wks hols) = £92k
For a newbie to all this that sounds a lot, but having read a few posts perhaps not?? I just want to check your thoughts? (I'm a mechanical engineer btw)
My current employer pays me £52k but they also pay in ~£10k into a pension and obviously I get 6 weeks paid holiday (about £6k), so that salary is more like £68k (is that right calculation??)
Still a big difference but is this normally enough to make someone take the plunge wit hall the risks and hassles that accompany contracting?
cheers
Fin
I've never contracted but I've been offered a 12 month contract on £50/hr so £400/day making = 40 h x £50 x 46 weeks (i.e. knock off 6 wks hols) = £92k
For a newbie to all this that sounds a lot, but having read a few posts perhaps not?? I just want to check your thoughts? (I'm a mechanical engineer btw)
My current employer pays me £52k but they also pay in ~£10k into a pension and obviously I get 6 weeks paid holiday (about £6k), so that salary is more like £68k (is that right calculation??)
Still a big difference but is this normally enough to make someone take the plunge wit hall the risks and hassles that accompany contracting?
cheers
Fin
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