Originally posted by _V_
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Fixed Term Contracts - what lunatics work on these ?
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Originally posted by eek View Post
It probably relates to how the client views the role and where the budget is coming from.
An FTC is likely to be an HR decision with the person being to all intents and purposes an employee.
An inside IR35 contract moves things slightly as the money is probably coming from a project budget.
The last client I worked at imposed a PSC ban and they issued anyone on the project who wanted one with a FTC.
It was still from the project budget.
I left because at the time I had the option carry on being an actual contractor.
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Originally posted by TheGreenBastard View Post
You're one of those weird pious permies in disguise who claim to be outside IR35 aren't you?Leave a comment:
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Originally posted by JohnM View PostSeen loads more FTC gigs appearing on job boards. Come on guys, who is doing these ?
You get all the bad things about contracting ie no job securty, short term gig etc and all the bad things about permie ie low PAYE salaries
Why would anyone work on a FTC ? I think they have got a cheek advertising these roles and they should be avoided like the plague, who is accepting these roles because you need to stop
We all think IR35 is bad, imagine a world where nearly all the gigs are FTCOriginally posted by JohnM View PostI would hazard a guess you aren't giving 100% and a full 7.5 hours per day to each client which I am sorry but is wrongLeave a comment:
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Originally posted by Paralytic View Post
Asking that makes about as much sense as "What's the difference between a peach and an elephant?"
One is how a contractor engages with a client. The other is a piece of legislation that might change how a contractor engages with a client.
Client A might be "no PSCs, everyone via an umbrella"
Client B might be more clued up on IR35 and understand what roles are inside and outside, applying appropriate contracts and working practices
Client C might be PSCs for outside, FTCs inside
Client D might be PSCs for outside, umbrella/agency payroll inside
There isn't a standard approach to this and an FTC might be the only way at the moment to get work either for a particular client or at all. You also have far more rights via an FTC so that can weigh off against the higher rate of an inside contract. Both, ultimately, are non-permanent engagements at a client, but, for example, while you explicitly get holidays via an FTC, you are compensated for them in a contract's day rate.Leave a comment:
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Originally posted by northernladuk View Post
There is some odd stuff flying around about FTC's with day rates which they shouldn't be. That could either be some new beast to think about or it could be someone talking crap and getting it wrong.
So that take home is almost similar to that of being on an outside contract. Given that it is all remote there is no additional travel expenses either. Throw in 19 days holiday (again pro rata) and all the benefits of a perm (life insurance, private medical, pension etc) its a good package.
I am already aware if I take the perm the salary is lower and I happy with that (if I choose to take it).
In terms of the work, so far so good its good. Opportunity to be in an industry I have never worked in before, got a good IT Team.
Any holidays I take I need to get approved and I have a monthly catch up/review with my line manager (yes that is the correct term now!) but these are all minor details.
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Originally posted by _V_ View Post
What is the difference between a FTC role and an inside IR35 role, apart from one is direct with the client (FTC employee) and the other is via an agency / umbrella payroll?
I guess the inside IR35 role is still business to business, where as the FTC role is business to employee directly?
If I had a choice I'd take the FTC roles (at the same pay) rather than IR35 via a limited company.
There is some odd stuff flying around about FTC's with day rates which they shouldn't be. That could either be some new beast to think about or it could be someone talking crap and getting it wrong.
I think when you start seeing the pro rata wage rates on FTC you'll change your mind.Leave a comment:
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Originally posted by Paralytic View Post
Asking that makes about as much sense as "What's the difference between a peach and an elephant?"
One is how a contractor engages with a client. The other is a piece of legislation that might change how a contractor engages with a client.
An FTC is likely to be an HR decision with the person being to all intents and purposes an employee.
An inside IR35 contract moves things slightly as the money is probably coming from a project budget.Leave a comment:
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Originally posted by _V_ View Post
What is the difference between a FTC role and an inside IR35 role, apart from one is direct with the client (FTC employee) and the other is via an agency / umbrella payroll?
One is how a contractor engages with a client. The other is a piece of legislation that might change how a contractor engages with a client.Leave a comment:
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Originally posted by Peoplesoft bloke View PostPersonally I would never take an inside IR35 gig. Lucky for me since all the outside gigs dried up I got a perm role, but if all I had on offer was a FTC I'd certainly consider it. I would never consider working inside IR35 - that is the real area we need to try to stamp out IMHO.
I guess the inside IR35 role is still business to business, where as the FTC role is business to employee directly?
If I had a choice I'd take the FTC roles (at the same pay) rather than IR35 via a limited company.Leave a comment:
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