Permanent vs Contract work

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creampuff

Original Poster:

6,511 posts

144 months

Thursday 8th October 2015
quotequote all
I've been a contractor in the UK for a long time. Infact I've never had a permanent job in the UK at all and I have my own VAT registered company. I have worked in the oil/gas sector, but that is down the toilet at them moment (see my other thread about moving to Holland).

Anyway an interesting job in a different sector may have come up in London. I've already had an interview and I think they may be going to offer it to me.

I'm completely unfamiliar with the benefits other than the straight salary and paid leave which come with permanent jobs, online searches only give vague answers. So.. Other than salary and paid leave, what other benefits are there for permanent positions?

The place who may offer me a job is also a small operation in the UK, though they have many offices in the United States. Since the UK operation is quite small, I'm thinking there may be possibility to go there as a long term day rate contractor, which could be organised in a way such that it does not cost the company any additional money, but would give me the tax-efficient benefits of being a contractor. Any ideas?

Edited by creampuff on Tuesday 3rd November 17:00

creampuff

Original Poster:

6,511 posts

144 months

Thursday 8th October 2015
quotequote all
Shaoxter said:
Would never consider going back to perm, cash in hand trumps all other benefits!!
..



Edited by creampuff on Tuesday 3rd November 17:00

creampuff

Original Poster:

6,511 posts

144 months

Tuesday 13th October 2015
quotequote all
MoelyCrio said:
I take it your pay plus dividends are less than the £50k or whatever it is? What do you do with the rest of the profits? Pension?
I pay it to my wife. That's like a pension wink


creampuff

Original Poster:

6,511 posts

144 months

Wednesday 14th October 2015
quotequote all
Trexthedinosaur said:
Holidays

Job Security
If a MNC then possibility to move between countries with financial support
Relocation package (Where applicable)

I wouldn't consider contracting, in Germany, at least in our company, contractors earn less than full time (around 60%) as contractors are graded at the engineer levels o you only need a couple of promotions and you far exceed a contractor wage.
Hmm, that's the opposite of the oil/gas industry! In oil/gas you get at least 30% extra on straight salary/rate as a contractor, plus you can arrange your own tax affairs so the take home difference is even bigger. Also I've been working several places where a lot of the permanent staff have been laid off, so there's no job security being permanent.

creampuff

Original Poster:

6,511 posts

144 months

Wednesday 21st October 2015
quotequote all
robinessex said:
Go permanent for a short term solution. !
Yeah it looks like I'll be doing this. It is giving me the heebie geebies already.