Financial Service contracts

[BrilloPad]

Yeah. I live in W8 and it's awful.

The place or the commute?

[SueEllen]

The place or the commute?

I just remembered this thread wasn't in General.

[northernladyuk]

Agreed. Claim back is permie speak

??? If I personally incur an expense, I claim it back from MyCo.

[BR14]

Biggest issue with financial services(or other London) gigs is the commuting.

Think very carefully.

depends if it's in the city or the wharf, city isn't TOO bad.
for me, anyway

[BrilloPad]

depends if it's in the city or the wharf, city isn't TOO bad.
for me, anyway

Agreed. City has so many more options.

I cycle. 8 miles to wharf, 12 to the city. I prefer cycling to the city....

[SueEllen]

Agreed. City has so many more options.

I cycle. 8 miles to wharf, 12 to the city. I prefer cycling to the city....

LadyMuck cycling in lycra.

LOL

[malvolio]

??? If I personally incur an expense, I claim it back from MyCo.

Well there you go. MyCo picks up all business-related expenses, I can't remember incurring a personal expense on its behalf.

[northernladyuk]

Well there you go. MyCo picks up all business-related expenses, I can't remember incurring a personal expense on its behalf.

How do you manage mileage?

[kaiser78]

LadyMuck cycling in lycra.

LOL

I just remembered this thread wasn't in General.

[PTP]

I am a total noob and have never done contracting before but I am thinking of getting into it. I have read up a bit on IR35 but I was wondering if anyone knows if these complaint handling contracts for Banks advertised through the likes of Momenta, Huntswood etc fall in or out of it?

Reason I ask is I have applied for a role and i'd need to commute 2 hours on the train to get to the location. The other option is to stay there in the week and come back at weekend. Would I be able to claim back any expenses like travel or accommodation?

As you should know, in that industry they set you a number of cases as your SLA. Years and years ago I seem to remember the contract said that if you don't meet your SLA then your fee is reduced proportionately (and I've heard rumours they've done that), which is helpful for getting outside IR35. Just make sure you know what the SLA is.

Are you sure the money is worth a 2 hour commute or setting up a Ltd for instead of brolly? Usually Huntswood/Momenta complaint gigs pay £125 - £225/day
Make sure you try out one of the take home pay calculators