- 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!
Decisions decisions
Collapse
X
-
-
Originally posted by vadhert View PostThe permies all work a 7hr day and the office is relaxed. One of the issues the client has is the quality of some of the permies compared to a seasoned contractor is vast.
Hence they made me the offer and want me to get them up to scratch.
Warchest can keep me going for 2 years before I'm broke and mortgage is around 300k outstanding on a 750k house.
On the other hand, if they upped their offer to say 95k and you wouldn't be working longer hours or with significantly greater responsibilities (ie, management), I'd probably take that.Comment
-
80K is the limit I'm afraid.
The mortgage is done 50/50 with the other half however contracting will help pay lot off sooner.
I've had a good ride with this one but will probably incline towards moving on.
BTW Family situation is we are expecting and Mrs is taking a year off. Her thoughts are to ship me off back to the City to earn more as she will be at home with the bub.Last edited by vadhert; 6 August 2015, 09:02.Polishing a turd near you!!Comment
-
Just some other things to consider... It will give you an opportunity to shut the company and get some tax savings when withdrawing the money which could up the net income from 6 months perm. Chance of training and possibly wrangling some more skills/training.
Any benchtime between end of this gig and next will also serious dent the potential contract earnings you are planning in etc.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
-
Originally posted by vadhert View PostHer thoughts are to ship me off back to the City to earn more as she will be at home with the bub.
She has already decided for you.Comment
-
Originally posted by northernladuk View PostJust some other things to consider... It will give you an opportunity to shut the company and get some tax savings when withdrawing the money which could up the net income from 6 months perm. Chance of training and possibly wrangling some more skills/training.
Any benchtime between end of this gig and next will also serious dent the potential contract earnings you are planning in etc.Polishing a turd near you!!Comment
-
Originally posted by MattZani View PostWhy have you even started the thread?
She has already decided for you.The greatest trick the devil ever pulled was convincing the world that he didn't existComment
-
Originally posted by vadhert View PostThis has all come into mind NLmerely at clientco for the entertainmentComment
-
Originally posted by vadhert View Post80K is the limit I'm afraid.
The mortgage is done 50/50 with the other half however contracting will help pay lot off sooner.
I've had a good ride with this one but will probably incline towards moving on.
BTW Family situation is we are expecting and Mrs is taking a year off. Her thoughts are to ship me off back to the City to earn more as she will be at home with the bub.Comment
-
Originally posted by eek View PostIf you have children don't forget you will lose £2k or so in child benefit... Not that it should affect you decision but its something many people seem to forget...
edit: oh, because he's only earning 43k as a contractorComment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment