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salary vs contracting rate comparison
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I mean who gives a **** what the 'conversion' for contract rate to permie and vice versa is!?
You either want to go contracting and have some independence or you want to be a permie drone.
Salary, benefits etc against rate counts for tulip. Get your mind sorted what you want to do. Dont do one because it pays more money. You'll never be fulfilled that way.I couldn't give two fornicators! Yes, really!Comment
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Originally posted by TazMaN View PostMy all-time favourite Dilbert cartoon, this is: BTW, a Dumpster is a brand of skip, I think.Comment
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Contracting: benched so rate = £0.
Permie: outsourced and redundant so rate = £0.
Sorted.
Damn damn damn, I wasn't going to be negative todayComment
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Originally posted by malvolio View PostIt won't work if you use an umbrella, but then you'll be paying rather more tax than a permie anyway so more fool you.
Originally posted by BolshieBastard View PostI mean who gives a **** what the 'conversion' for contract rate to permie and vice versa is!?
You either want to go contracting and have some independence or you want to be a permie drone.
Salary, benefits etc against rate counts for tulip. Get your mind sorted what you want to do. Dont do one because it pays more money. You'll never be fulfilled that way.This default font is sooooooooooooo boring and so are short usernamesComment
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Originally posted by contractor79 View Postdo you like my new sig
You might have to change it to 1200, 1500 or even 1700 - take your pick - or you could run a pollThis default font is sooooooooooooo boring and so are short usernamesComment
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Id like your opinions on my current situation.
I'm currently permie on 38k. I work for a company that imports cheapo teleoms labour from India on skilled work visas. I'm basically treated like a contractor on permie money (ie zero benefits, no car, no sick pay, only 20 days holiday, nothing else)
Ive just been offered a "proper" contracting role on £250 day with a vehicle and fuel card for all business related miles.
Seems like a no brainer to me, so is there any reason I shouldnt take it? Or would I be better off using my own car/van for the role?
Cheers
Stuart.Comment
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I'd bin the car/fuel card as that is for employees and push the rate up to compensate for using my own vehicle..The "Fit" hits the "Shan"Comment
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Originally posted by MPwannadecentincome View PostExcuse me can you explain this - how would a brolly employee pay more tax - there are expenses an employee could not offset e.g. commuting (subject to 2 year rule) and subsistence.
However as an umbrella user you are funding employers and employees NICs as well as all your own costs out of your gross income and paying fees to a third party to do the (largely trivial) paperwork for you. Employees only have to pay employees NICs and are not liable for expenses or employers NICs (nor holidays, sickpay or training come to that) and tend not to be charged by their empoyers for letting them work there.
End result is you might earn more net pay, but you are actually retaining far less of your gross than any other option. Sad, isn't it...Blog? What blog...?Comment
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