to contract or not

**Moscow Mule** · 4 July 2007, 07:13

64k

**Moscow Mule** · 4 July 2007, 07:14

Or 42K

**Let-Me-In** · 4 July 2007, 07:41

Originally posted by gurps_cov

I am currently a permie and I have been offered a permanent Java role in the west midlands at a salary of £40k ( i would be pocketing 29,273.60 net after tax and NI)

However I have always thougt about going contracting.
Looking around at various job sites I can see the daily rate for Java is between 300 - 450 per day.

Can someone tell me how much more money I would pocket via contracting assuming the following:
1. I contract for a year with no gaps.
2. I go via the ltd company route

Basically, a lot more than you would permie...and more freedom....

**BlasterBates** · 4 July 2007, 12:36

You would take home at least double (unless you have a bad tax advisor), and on £450, quite a bit more.

**Bluebird** · 4 July 2007, 12:43

of course if you go sick for 8 months you'd be better off as a permie...

**Zorba** · 4 July 2007, 14:04

... but you'll be surprised how well you feel when 'sick day = no pay'. Broken leg? Walk it off.

**Rocket** · 13 July 2007, 09:05

Originally posted by Zorba

... but you'll be surprised how well you feel when 'sick day = no pay'. Broken leg? Walk it off.

Zorba, spot on...I have to feel pretty sick to take a day off...and even when I do, I'm thinking about the money I'm not earning!

**ChimpMaster** · 13 July 2007, 09:36

Judging by the lack of response from Gurps, I presume he has decided to remain on the poverty line

**Lockhouse** · 13 July 2007, 09:39

Originally posted by TazMaN

Judging by the lack of response from Gurps, I presume he has decided to remain on the poverty line

All the more work for us (not at £400 per day though....)

to contract or not