Just turned down 550 a day

[MarillionFan]

1 + 1 = 3 by my calculation

One of those famous developers no doubt!

[norrahe]

Of course, you are all only looking at the financial side of things. I've taken a rate cut to move gigs because I am bored out of my head.

More to life than money...

WHS, I was offered a six month extension in my last gig, the job was awful, the people not much better, my boss was an idiot and the agency well.....

I'm enjoying the bench!

[Moscow Mule]

One of those famous developers no doubt!

No, it's a PM trying to do a development estimate.

[Xenophon]

You read that right.

550 per day = 67k perm, when IR35 / bench / travel costs are included. By my calculation.

Perm = 75k + bonus. So choose perm

Agree with your calculations. My £143k was not a comparison figure of course - it didn't take into account considerations.

I just plugged the figure into a PAYE calculator for a giggle, on the (unlikely) off-chance that a perm job was being advertised at £550 per day.

www.listentotaxman.com

[TheFaQQer]

1 + 1 = 3 by my calculation

According to some calculations in Oracle, 1 != 1 so that could be right

[DocP]

Calculation

Hourly rate x1000 is approximately equal to perm salary.

550 per day
les NI @12 % = 490 pd
Less travel costs = 440 pd
Assume 200 billable days per year = 88k

Not exactly much reward for the long commute / hassle is it?

[TheFaQQer]

Hourly rate x1000 is approximately equal to perm salary.

550 per day
les NI @12 % = 490 pd
Less travel costs = 440 pd
Assume 200 billable days per year = 88k

Not exactly much reward for the long commute / hassle is it?

Take more holidays - the reward for running your own business is flexibility.

[Moscow Mule]

Hourly rate x1000 is approximately equal to perm salary.

550 per day
les NI @12 % = 490 pd
Less travel costs = 440 pd
Assume 200 billable days per year = 88k

Not exactly much reward for the long commute / hassle is it?

I don't think you're comparing apples with apples, but if you're happy, I'm happy for you.

[Drewster]

Hourly rate x1000 is approximately equal to perm salary.

550 per day
les NI @12 % = 490 pd
Less travel costs = 440 pd
Assume 200 billable days per year = 88k

Not exactly much reward for the long commute / hassle is it?

440 per day travel?? Thats what I call commuting......

[doodab]

Hourly rate x1000 is approximately equal to perm salary.

550 per day
les NI @12 % = 490 pd
Less travel costs = 440 pd
Assume 200 billable days per year = 88k

Not exactly much reward for the long commute / hassle is it?

Do you not have travel costs with a permie job? I know you'd be a permie, but you still need to go to work even if you don't do anything.