Been offered rate from 500 to 415 outside. Was very displeased by it but took it anyway. Got offered more after few weeks passively posting crap on linkedin
- 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!
15% rate cut.
Collapse
X
-
-
Originally posted by GitMaster69 View PostBeen offered rate from 500 to 415 outside. Was very displeased by it but took it anyway. Got offered more after few weeks passively posting crap on linkedinComment
-
Originally posted by Snooky View Post
By the same client, or you mean you found a different better paid contract?…Maybe we ain’t that young anymoreComment
-
Originally posted by WTFH View Post
When he says 500 to 415 outside, he's talking about the target number of copies of big issue he sells outside Asda while imagining his fantasy world.Down with racism. Long live miscegenation!Comment
-
Inflation has gone up and day rates gone down. Same role I did in 2021 £650 outside, now advertised for £500 inside.Comment
-
Originally posted by Eirikur View PostInflation has gone up and day rates gone down. Same role I did in 2021 £650 outside, now advertised for £500 inside.
P.S. I'm no longer a contractor but wanting to jump back in.Comment
-
Originally posted by ChimpMaster View Post
Absolutely the worst of all worlds right now. Was offered interview at a London bank for £650/day but inside, so turned it down. That's the rate I was being paid in London back in 2004! (and outside IR35)
P.S. I'm no longer a contractor but wanting to jump back in.
According to the Bank of England inflation calculator https://www.bankofengland.co.uk/mone...ion-calculator, that would equate to around £ 776 / day as of October 2023. That's about £ 170 more than I'm on right now, almost 20 years later!!!
Then there's the lack of dividend tax, higher tax allowances, a few grand on the Flat Rate VAT scheme, property prices, cost of living, etc. My god, those were the days!!Last edited by oliverson; 18 December 2023, 11:45.Comment
-
Originally posted by oliverson View Post
I didn't realise it at the time but back in 2004 and into my second contract, the £ 450 / day (outside) in Leeds and with zero expenses, was the highest rate I would ever be on in real terms.
According to the Bank of England inflation calculator https://www.bankofengland.co.uk/mone...ion-calculator, that would equate to around £ 776 / day as of October 2023. That's about £ 170 more than I'm on right now, almost 20 years later!!!
Then there's the lack of dividend tax, higher tax allowances, a few grand on the Flat Rate VAT scheme, property prices, cost of living, etc. My god, those were the days!!
Interest rates were reasonable. The £ was strong. Prices of goods and services were OK too. Those years were our Goldilocks moment - and we didn't even know it.
As the saying goes: hindsight is a wonderful thing.Comment
-
Originally posted by ChimpMaster View Post
I was explaining this to the Mrs and kids the other day too. Even my perm salary in 2003 was close to £90k gross. A 3-bed semi house in our area back then was £150k .... it's now £600k. On my 2004 contract rate I could have bought a house every year
Interest rates were reasonable. The £ was strong. Prices of goods and services were OK too. Those years were our Goldilocks moment - and we didn't even know it.
As the saying goes: hindsight is a wonderful thing.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
-
Originally posted by ChimpMaster View Post
I was explaining this to the Mrs and kids the other day too. Even my perm salary in 2003 was close to £90k gross. A 3-bed semi house in our area back then was £150k .... it's now £600k. On my 2004 contract rate I could have bought a house every year
Interest rates were reasonable. The £ was strong. Prices of goods and services were OK too. Those years were our Goldilocks moment - and we didn't even know it.
As the saying goes: hindsight is a wonderful thing.
Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment