• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

The Worst Thing About Contacting!

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    The Worst Thing About Contacting!

    Is that it provides too much choice & opportunity if you operate your LTD well!

    I have a fantastic job offer(perm) which 99% people would bite your hand off for, but which ever way I work it, the contracting route albeit with it's inherent risks over security & bench time still make senses versus signing your life away!!

    The perm role has 25 days holiday, pension, bonus, benefits etc etc. With BH thats 7 weeks holiday so basically 45 weeks(lets say 44 if I'm sick!)

    I only have to work 38-39 week contract(outside IR35) to take home the same. In addition, I've worked out that if I contract just 26 weeks(basically I need another 13 for the year) and then sack all of my staff at the shop and run it for the rest of the year then I take home more than both the perm and contracting all year route!!

    There is nothing Worse and nothing Better than contracting for putting the proverbial 'cash cat' among the pigeons!!!
    What happens in General, stays in General.
    You know what they say about assumptions!

    #2
    I would say the worst thing about contracting is taking time off. It is extremely difficult to stop yourself thinking "this day that I'm not working is costing X GBP, or Y EUR," i.e. make hay whilst the sun shines.

    I know that path leads to ruin, but it's very tempting.

    Comment


      #3
      I would say the worst thing about contracting is not contracting, am I still a contractor when I'm not in contract? I could be retired for all I know.
      Science isn't about why, it's about why not. You ask: why is so much of our science dangerous? I say: why not marry safe science if you love it so much. In fact, why not invent a special safety door that won't hit you in the butt on the way out, because you are fired. - Cave Johnson

      Comment

      Working...
      X