is contracting viable on these figures?

[Spacecadet]

Originally Posted by DiscoStu

What He Said...

WHS

[shoes]

Originally Posted by Archangel

Or waiting until retirement, or for a rainy day.

Yes. For every 100 quid MyLtd invoices for I will eventually get 80 odd quid of it. But in order to get that percentage in any financial year I am not drawing more than 36k (post deductions) from my Ltd to my personal account.

My preference is to take months off between contracts. During these periods Im still drawing the same per financial year. For me it's all about the effort/income ratio.

By operating in this way a more valid permie to contract comparison for me would be a permie role paying a salary of 52k with 6 months paid holiday a year. I don't turn down an extension after 6 months, but you get the idea.

I consider drawing more than 36k to have a cost, so I tend not to do it. I'd rather have the full amount later than less now.

[Churchill]

Originally Posted by shoes

Yes. For every 100 quid MyLtd invoices for I will eventually get 80 odd quid of it. But in order to get that percentage in any financial year I am not drawing more than 36k (post deductions) from my Ltd to my personal account.

My preference is to take months off between contracts. During these periods Im still drawing the same per financial year. For me it's all about the effort/income ratio.

By operating in this way a more valid permie to contract comparison for me would be a permie role paying a salary of 52k with 6 months paid holiday a year. I don't turn down an extension after 6 months, but you get the idea.

I consider drawing more than 36k to have a cost, so I tend not to do it. I'd rather have the full amount later than less now.

Marvellous, when that bus hits you, can I have access to your bank account?