contract work advise
Discussion
And to echo other posters, I would not be ditching a £50k perm role in Suffolk (assuming you live there too) for £250/day. Not for financial reasons anyway.
Either you are way overpaid currently, or the contract role is too lowly or underpaid for you.
What is it you do?
Happy to offer as much advice as I can... speaking as a contractor of 15 years.
Either you are way overpaid currently, or the contract role is too lowly or underpaid for you.
What is it you do?
Happy to offer as much advice as I can... speaking as a contractor of 15 years.
UpTheIron said:
And to echo other posters, I would not be ditching a £50k perm role in Suffolk (assuming you live there too) for £250/day. Not for financial reasons anyway.
Either you are way overpaid currently, or the contract role is too lowly or underpaid for you.
What is it you do?
Happy to offer as much advice as I can... speaking as a contractor of 15 years.
I am in IT (Software Developer).Either you are way overpaid currently, or the contract role is too lowly or underpaid for you.
What is it you do?
Happy to offer as much advice as I can... speaking as a contractor of 15 years.
I live in Berkshire and contract is near Brighton. My only concern is a long traveling though its a 6 month rolling contract.
Yes day rates are not that good.
You need to factor in your pension and ~1 month paid holidays on top of your 50k per annum salary.
£250 per day minus travel expenses (and corporation tax, dividend tax etc) is probably going to result in you being no better off, but with a much more volatile working arrangement.
Avoid unless you can get a substantial increase in the day rate.
£250 per day minus travel expenses (and corporation tax, dividend tax etc) is probably going to result in you being no better off, but with a much more volatile working arrangement.
Avoid unless you can get a substantial increase in the day rate.
Jakg said:
50k a year is an effective £215 a day.
£250 a day at PAYE would be £58k. Ignoring the contracting aspect for a second, would you switch jobs and get an 80 mile commute for £8k/15% extra?
50k (before tax) is £192 a day as per http://www.thesalarycalculator.co.uk/salary.php£250 a day at PAYE would be £58k. Ignoring the contracting aspect for a second, would you switch jobs and get an 80 mile commute for £8k/15% extra?
Olivera said:
You need to factor in your pension and ~1 month paid holidays on top of your 50k per annum salary.
£250 per day minus travel expenses (and corporation tax, dividend tax etc) is probably going to result in you being no better off, but with a much more volatile working arrangement.
Avoid unless you can get a substantial increase in the day rate.
Thanks£250 per day minus travel expenses (and corporation tax, dividend tax etc) is probably going to result in you being no better off, but with a much more volatile working arrangement.
Avoid unless you can get a substantial increase in the day rate.
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