Take home pay from 300/day?
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    There should be more to it than money. Not having to go through the permie rigmarole is worth alot to me.
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    300 is a little on the low side isn't it? Where is it and exactly what role are you carrying out? If it's a fairly basic role then there is going to be a lot of competition for them as well. Particularly if most of the applicants are our offshore friends.
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    FWIW I left just under 60k for 55 and hour.

    But since I did this contracting has been squeezed by hmrc so you need to make more for the scales to balance up.

    FWIW I would stick with 40k a year, and only investigate contracting when you can make >450 a day.

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    Quote Originally Posted by PurpleGorilla View Post
    FWIW I left just under 60k for 55 and hour.

    But since I did this contracting has been squeezed by hmrc so you need to make more for the scales to balance up.

    FWIW I would stick with 40k a year, and only investigate contracting when you can make >450 a day.
    40k you take home 30.5k. You don't have to work many outside IR35 days at 400 to pass that.
    Where there's muck there's brass.

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    Quote Originally Posted by northernladyuk View Post
    40k you take home 30.5k. You don't have to work many outside IR35 days at 400 to pass that.
    less than 5 months. Doesn't include the various ltd fees, but still. That's some perspective.

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    Default Take home pay from 300/day?

    Quote Originally Posted by northernladyuk View Post
    40k you take home 30.5k. You don't have to work many outside IR35 days at 400 to pass that.
    Yeah but OP talking about 300 a day.

    The calc above estimates 4k take home a month on that. (72%) or 48k p/a.

    You make an extra 17k but have loads more risk, must bill the days, no pension etc.

    Having had 8weeks on the bench last year I am a bit more circumspect about it all...
    Last edited by PurpleGorilla; 2nd August 2017 at 15:15.

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    Quote Originally Posted by PurpleGorilla View Post
    Yeah but OP talking about 300 a day.

    The calc above estimates 4k take home a month on that. (72%) or 48k p/a.

    You make an extra 17k but have loads more risk, must bill the days, no pension etc.

    Having had 8weeks on the bench last year I am a bit more circumspect about it all...
    But you were talking about 450 pd!

    400 pd works, but agree that 300 pd vs 40k pa is close.
    Where there's muck there's brass.

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    Quote Originally Posted by northernladyuk View Post
    But you were talking about 450 pd!

    400 pd works, but agree that 300 pd vs 40k pa is close.
    I know I did, I was suggesting to stick to permie until you can break into 450 a day.

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    Quote Originally Posted by PurpleGorilla View Post
    I know I did, I was suggesting to stick to permie until you can break into 450 a day.
    But 400 pd would work nicely compared to 40k p.a.
    Where there's muck there's brass.

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    Quote Originally Posted by northernladyuk View Post
    But 400 pd would work nicely compared to 40k p.a.
    You make an extra 17k take home. (See above)

    But no pension and bigger risk.

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