• 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!

State of the Market

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    Originally posted by Cookielove View Post
    Seen a job advertised at £500 per day on LI, agent then came back and said oh it’s £400 now or FTC £70k …is day rate better? They won’t do perm just £400 or £70k …not to say I’ll even get a look in …I’m thing day rate is better. Any thoughts??
    Depends if the day rate is inside or outside IR35 if its outside then the day rate wins. If its inside then I don't think theirs much in it between FTC or day rate but that was on a very quick check...

    Comment


      The day rate is inside pjt

      Comment


        Originally posted by Cookielove View Post
        The day rate is inside pjt
        The FTC is better...
        merely at clientco for the entertainment

        Comment


          Originally posted by Cookielove View Post
          Seen a job advertised at £500 per day on LI, agent then came back and said oh it’s £400 now or FTC £70k …is day rate better? They won’t do perm just £400 or £70k …not to say I’ll even get a look in …I’m thing day rate is better. Any thoughts??
          ​​​​​at this stage I would probably ask the agent which answer gives you the best chance of success and offer him a monkey if you get the job.

          Comment


            eek is FTC better?

            Comment


              Not 100% sure how accurate the calculations are but online I'm getting

              £400 p/d inside take home is £4,349 per month (assuming 220 days work a year).
              £70,000 per year PAYE is £4,263 per month

              FTC will have some benefits so depending on that its close, if they give you pension contributions or your off sick over the duration of the contract then FTC probably tips it.

              Comment


                Thanks pjt

                Its an FTC for a year 26 days holiday plus phols, pension er will double it up to max of 10% by employer and other stuff... I've said FTC to agent.

                Never been on an FTC before, we'll see don't want to get my hopes as so unpredictable at the moment.
                Last edited by Cookielove; Yesterday, 10:05.

                Comment


                  With the direction in traffic under this Marxist clueless Labour government, I honestly don't see the market improving for years, if ever.

                  I would urge anybody starting out their career as a contractor (why?) or those say less than 50 years of age to get the **** out at the first opportunity. This ship is going down.

                  I'm fortunate in that I don't fit into this category above and am in the winter of my career, with 'alternative arrangements' already in place for selling my UK property at the height of the next bubble (if there is one) and retiring from contracting, to the sunshine.

                  Comment


                    The market is so awful so will see if this comes to anything....not what I'd usually go for but hey ho....

                    The day rate was supposed to be £500 then client cut it to £400 or an FTC....I've seen some sub £300 day rates ...
                    Last edited by Cookielove; Yesterday, 10:00.

                    Comment


                      Originally posted by oliverson View Post
                      < whining tory bollox >
                      i'm fortunate in that i don't fit into this category above and am in the winter of my career, with 'alternative arrangements' already in place for selling my uk property at the height of the next bubble (if there is one) and retiring from contracting, to the sunshine.
                      dltdsyaotwo

                      Comment

                      Working...
                      X