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Urgent advice

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    Urgent advice

    Came out of contracting after 3 years to take a 62k role and specialise in Active Directory

    Now been offered long term contract at 450 per day mainly based at home

    Should i take the risk ? Money is tight since i went back permy but i also know you shouldnt go into contract for the money and permy role is on my door step

    Advice ?

    #2
    Originally posted by steve80 View Post
    Came out of contracting after 3 years to take a 62k role and specialise in Active Directory

    Now been offered long term contract at 450 per day mainly based at home

    Should i take the risk ? Money is tight since i went back permy but i also know you shouldnt go into contract for the money and permy role is on my door step

    Advice ?
    Personally, I'm only in contracting for the money.
    But the answer is of course...depends.
    State of your market? your personal circumstances and financial commitments, etc etc.
    Also my attitude to long term contracts is 'I'll believe it when I bank the money'. There's no guarantee of anything these days.

    Comment


      #3
      Where will you be if the contract dries up after a week, a month 3 months? Going contracting isn't about grabbing at one gig that suddenly appears, particularly if you don't have anything behind you at the moment.

      One thing I found when I started was I actually had less to spend for the first 3-6 months that when I was permie becasue I was focused on getting a war chest first.
      'CUK forum personality of 2011 - Winner - Yes really!!!!

      Comment


        #4
        Originally posted by steve80 View Post
        Came out of contracting after 3 years to take a 62k role and specialise in Active Directory

        Now been offered long term contract at 450 per day mainly based at home

        Should i take the risk ? Money is tight since i went back permy but i also know you shouldnt go into contract for the money and permy role is on my door step

        Advice ?
        If I were you I would grab it asap. Calculator says £450 a day is equivalent to about £100K a year. Besides, I enjoy the freedom of being a contractor as I have seen enough politics being a permie and I am not good at it.

        Comment


          #5
          Originally posted by Brummie View Post
          If I were you I would grab it asap. Calculator says £450 a day is equivalent to about £100K a year. Besides, I enjoy the freedom of being a contractor as I have seen enough politics being a permie and I am not good at it.
          The 450 a day includes holiday pay, sick pay, training, insurance etc, and most importantly the time off when you get canned from the contract and have to find a new one.
          "You’re just a bad memory who doesn’t know when to go away" JR

          Comment


            #6
            inside or outside ir35? public sector?

            £450 inside IR35 PS is OK but not great...
            Rhyddid i lofnod psychocandy!!!!

            Comment


              #7
              Only you can answer this. We know nothing about your personal circumstances beyond the couple of lines in your post. Our own circumstances are totally different, so what we would do is irrelevant.

              Comment


                #8
                Originally posted by steve80 View Post
                Came out of contracting after 3 years to take a 62k role and specialise in Active Directory

                Now been offered long term contract at 450 per day mainly based at home

                Should i take the risk ? Money is tight since i went back permy but i also know you shouldnt go into contract for the money and permy role is on my door step

                Advice ?
                Depends on IR35, personally I only went into contracting for the money so I'd take the £450 a day...

                Comment


                  #9
                  Originally posted by steve80 View Post
                  Came out of contracting after 3 years to take a 62k role ..........
                  Money is tight since i went back permy
                  I'd take a serious look at your spending. 62k should be pretty comfortable.
                  OK, I don't know your circumstances ( three ex-wives perhaps?).

                  I live on a lot less than this as I'm stuffing my SIPP at the moment.

                  RS

                  Edit, and I'd take the contract.....

                  Comment


                    #10
                    Originally posted by Brummie View Post
                    I enjoy the freedom of being a contractor as I have seen enough politics being a permie and I am not good at it.
                    +1
                    one day at a time

                    Comment

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