Conversion formula into an equivalent permanent base?

[kingcook]

Hi, what would you consider a fair permanent base for a contract of £x per day? Thanks.

It all depends on the location, from your home. There is no magic formula - it's what's best works for you.

You get travel paid for while on contract visiting client site (subject to 24 month rule) - not as a permie though.

No NI to pay while contracting (assuming you're outside IR35).

You only get ~4 weeks holiday as a permie -- not as a contractor though

[malvolio]

So the 1000 times the hourly rule implies 125 days per year (assume 8 billable hrs per day), that's not a lot at all. Compare to 180 days in the previous post.

Why would anyone go permie for 125 contract days per year?

So who pays for Employers NICs, holiday pay, sick pay, bank holidays, training, pension provision, accountants fees, travel, equipment and licences, stationery, bench time cover.......

Permie vs Contract is not a one-for-one days worked comparison. But hey, if you know a better approximation, do tell us the answer...