Originally posted by chopper
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Contract v fixed term
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"You’re just a bad memory who doesn’t know when to go away" JR -
Originally posted by supersteamer View PostWhere does this yardstick come from? Expenses wouldn't apply in either case as it's for more than 2 years.
If I plug £400 per day into contractorcalculator.co.uk it says revenue would be £88k with £26,070 tax outside IR35 and £31,491 tax inside. That's an increase of 6% on revenue. Yes, you can play about with holding money in the company (outside) and/or putting it into a pension (outside or inside) but I can't really see how you'd normally need a 30% rate uplift to cover it.
HMRC's IR35 tweaks have 90% of UK's IT contractors up in arms • The Register
http://www.1stcontact.com/blog/finan...-public-sectorThe Chunt of Chunts.Comment
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I was offered a choice of contract or FTC on a gig a few years ago. When the client realised that the salary I asked for was above the normal pay range for the grade they were thinking of taking me on and that they would need to put me on a higher grade which HR didn't like then the daily rate option was easily taken up.
I think banks and investment companies. get around this by having super elevated technical grades. A mate of mine is a VP in a bank but is just a super good developer - they had to put him on that job grade to pay the market rate for his salary. Somehow I don't think public sector will be able to do this.This default font is sooooooooooooo boring and so are short usernamesComment
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Originally posted by MPwannadecentincome View PostI was offered a choice of contract or FTC on a gig a few years ago. When the client realised that the salary I asked for was above the normal pay range for the grade they were thinking of taking me on and that they would need to put me on a higher grade which HR didn't like then the daily rate option was easily taken up.
I think banks and investment companies. get around this by having super elevated technical grades. A mate of mine is a VP in a bank but is just a super good developer - they had to put him on that job grade to pay the market rate for his salary. Somehow I don't think public sector will be able to do this."You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by SueEllen View PostPS can make a special salary add-on to get specialist salaries up to market rate. However they can remove these at anytime.This default font is sooooooooooooo boring and so are short usernamesComment
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Originally posted by MPwannadecentincome View PostI bet the unions don't like that!
Though anyone I've met with decent IT skills who worked in the PS has got fed up and moved into the private sector so it hasn't been an issue.
*I can't remember what the damn thing is called but seen it on adverts."You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by SueEllen View PostThough anyone I've met with decent IT skills who worked in the PS has got fed up and moved into the private sector so it hasn't been an issue.This default font is sooooooooooooo boring and so are short usernamesComment
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