Anyone who has 'went perm', how has it been? Anyone who has 'went perm', how has it been? - Page 7
Page 7 of 16 FirstFirst ... 56789 ... LastLast
Posts 61 to 70 of 160
  1. #61

    I live on CUK

    Old Greg's Avatar
    Join Date
    Mar 2007
    Location
    The Tombliboo Bush
    Posts
    25,174

    Default

    Quote Originally Posted by heyya99 View Post
    April 20th.
    Sorry for your loss.
    Quote Originally Posted by Bean
    I admit that I'm a lazy lying cretin, but so what?
    25 June 2018

  2. #62

    Fingers like lightning


    Join Date
    Aug 2011
    Posts
    516

    Default

    Quote Originally Posted by Old Greg View Post
    Sorry for your loss.
    No apologies necessary. I had 10 years in the game. Sizeable nest egg. On a salary comparable to my 650pd day rate. No complaint so far. Ride this period and see what happens when the dust settles.

  3. #63

    Should post faster


    Join Date
    Jul 2016
    Posts
    118

    Default

    Quote Originally Posted by heyya99 View Post
    No apologies necessary. I had 10 years in the game. Sizeable nest egg. On a salary comparable to my 650pd day rate. No complaint so far. Ride this period and see what happens when the dust settles.
    I d be very keen to hear first hand what perm salaries map to 650 a day

    I have been on here for many years and the most favourite discussion was always what is an equivalent perm salary - So for those who have gone perm I d love to know the industry, day rate and perm salary and whether london or not

    Things are looking pretty grim here

  4. #64

    Super poster

    MyUserName's Avatar
    Join Date
    Jan 2012
    Location
    Oh ... not far
    Posts
    4,470

    Default

    Quote Originally Posted by PCTNN View Post
    How old are you and how old were you when you cracked your first 6 figure salary?
    43, I got it when I was 42. I posted about it on here somewhere.

    For years I was a C++ developer but due to family reasons I was unable to work in London so my salary never got above mid sixties. Then I got a phone call about my current gig and I told them I would need 6 figures and 2 days a week working from home. They said okay. Wife said okay.

    However, until I got the actual offer after the final interview I thought I was wasting everyone's time!
    "He's actually ripped" - Jared Padalecki

    https://youtu.be/l-PUnsCL590?list=PL...dNeCyi9a&t=615

  5. #65

    Super poster

    MyUserName's Avatar
    Join Date
    Jan 2012
    Location
    Oh ... not far
    Posts
    4,470

    Default

    Quote Originally Posted by LondonPM1 View Post
    I d be very keen to hear first hand what perm salaries map to 650 a day

    I have been on here for many years and the most favourite discussion was always what is an equivalent perm salary - So for those who have gone perm I d love to know the industry, day rate and perm salary and whether london or not

    Things are looking pretty grim here
    Just checked through my paperwork for my last 9 months contracting. I took home an average of £6250(ish) a month, on a rate of £450 a day. The perm salary required for this would be about £115000.
    "He's actually ripped" - Jared Padalecki

    https://youtu.be/l-PUnsCL590?list=PL...dNeCyi9a&t=615

  6. #66

    Fingers like lightning

    wattaj's Avatar
    Join Date
    Aug 2006
    Posts
    956

    Default

    Quote Originally Posted by MyUserName View Post
    Just checked through my paperwork for my last 9 months contracting. I took home an average of £6250(ish) a month, on a rate of £450 a day. The perm salary required for this would be about £115000.
    Not quite. You are failing to account for pension contributions, holiday pay, and sick-days. The total package figure for a permanent role is the only comparator worth the name.
    ---

    Former member of IPSE.


    ---
    Many a mickle makes a muckle.

    ---

  7. #67

    Super poster

    MyUserName's Avatar
    Join Date
    Jan 2012
    Location
    Oh ... not far
    Posts
    4,470

    Default

    Quote Originally Posted by wattaj View Post
    Not quite. You are failing to account for pension contributions, holiday pay, and sick-days. The total package figure for a permanent role is the only comparator worth the name.
    Oh balls, yeah. I just compared the take home.
    "He's actually ripped" - Jared Padalecki

    https://youtu.be/l-PUnsCL590?list=PL...dNeCyi9a&t=615

  8. #68

    Default

    Quote Originally Posted by wattaj View Post
    Not quite. You are failing to account for pension contributions, holiday pay, and sick-days. The total package figure for a permanent role is the only comparator worth the name.
    Not even in this universe

    The permie rate is about £80k

    BA’s that made £600 a day would struggle to get 70K in London


    Sent from my iPhone using Contractor UK Forum

  9. #69

    Still gathering requirements...


    Join Date
    Apr 2009
    Posts
    54

    Default

    I used to work at a consultancy (as a perm) that would pay the perm BAs 40k, and the contract ones (interims) 500pd!

    On top of that perms were expected to aid with business development, internal work and social events!

    So you were talking 3k take home (with 50% more workload) vs invoice 10k per month. Absolutely insane.

    Some of the perm people were really good, I never understood why they hung around there on such awful money.
    One guy had basically created a sky+ type system for his own TV, this was back in the 90s before sky+ existed.

    At current client, perm BA is 55k and contract 500pd. Still quite a gap even with IR35.

  10. #70

    Fingers like lightning

    wattaj's Avatar
    Join Date
    Aug 2006
    Posts
    956

    Default

    Quote Originally Posted by hungry_hog View Post
    ...At current client, perm BA is 55k and contract 500pd. Still quite a gap even with IR35.
    I hate to say this, but it's really not. Run the numbers properly ( i.e. the whole permanent package including a number of "sick days") compared to the annualised contractor's day rate including holidays, sickness, and down time. You'll find the the difference isn't really that big and that it mostly comes down to slightly better tax efficiency.

    I thought that all contractors knew this?
    Last edited by wattaj; 24th May 2020 at 20:33. Reason: Clarity.
    ---

    Former member of IPSE.


    ---
    Many a mickle makes a muckle.

    ---

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •