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London perm salaries

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    Originally posted by LondonPM1 View Post
    Thank you. This is helpful. Another data point to vindicate the whole argument of 625 a day vs 90k perm. Clearly in your example the applicant preferred 625 a day and I don’t blame them at all given the tax position

    I’d love to hear what you or your teams working hours are like. Is it 9-6 with a one hour lunch break Or much more stressful. How much time are you coding vs project planning budget and admin
    It's pretty demanding job but that's mainly as my area we work directly with front office, I found European banks alot less stress. The main benefit for me is the flexibility I get my team is spread across APAC, Europe and US so even though I'm based In London I can work to what time zone I want, currently working to US hrs so can do school run etc, its 555pm for me at moment.

    I understand 625 wasn't enough for my friend but he was still basi g it on what the market was, covid and IR35 changes screwed it up, my place won't deal with PSC anymore. Hopefully things will recover but alot of people think this is end of good times. I do regret going permy when I could of milked a few more yrs out of contracting but I need flexibility over cash for last few yrs.

    I terms of the role I was hiring for I got alot of very good strong CVs, there is alot of skilled people out there looking. In the end I had to take soneone on an internal move.
    Last edited by BoggyMcCBoggyFace; 14 September 2020, 21:58.

    Comment


      Originally posted by BoggyMcCBoggyFace View Post
      It's pretty demanding job but that's mainly as my area we work directly with front office, I found European banks alot less stress. The main benefit for me is the flexibility I get my team is spread across APAC, Europe and US so even though I'm based In London I can work to what time zone I want, currently working to US hrs so can do school run etc, its 555pm for me at moment.

      I understand 625 wasn't enough for my friend but he was still basi g it on what the market was, covid and IR35 changes screwed it up, my place won't deal with PSC anymore. Hopefully things will recover but alot of people think this is end of good times. I do regret going permy when I could of milked a few more yrs out of contracting but I need flexibility over cash for last few yrs.

      I terms of the role I was hiring for I got alot of very good strong CVs, there is alot of skilled people out there looking. In the end I had to take soneone on an internal move.
      Thank you. This is spot on valuable info

      How much time do you spend on coding and debugging vs planning budgeting and reporting

      I thought you meant he wanted 625 but you could only offer 90 perm. Or did I misunderstand?

      And finally you say your company does not take psc anymore. I am hearing the same. Does that mean all the contractors have been internalised or booted out

      Comment


        Originally posted by LondonPM1 View Post
        This forum is full of old people telling all the youngsters to never go contracting and posting garbage about the weather and discussing everything apart from contracting

        For people in their mid to late 30s serious about their career and earning capacity and tax optimisation which is what this forum should be about it’s very unfortunate

        When a thread moves to general you just know it’s time to check out because all the lazy people jump in and take the conversation to a different tangent

        It was worth posting for me to get a feel of what London financial perm salaries were paying. The rest of the thread was hijacked by people who wanted to pass their time

        A shame that the admins don’t actually stop this childish behaviour but I ll go back to just browse mode rather than contribute mode

        Agreed

        I’m back to browsing mode after this.

        Best of luck in your search and hope it all works out.

        Comment


          Originally posted by PermMCCon View Post
          Wow

          For a dinosaur of tech your ability to string arguments and adult conversation is at the level of children who enjoy playing with toys of the same name.

          This thread from memory started as a genuine request about VP perm salaries.

          Your input on the other hand was about your day rate and how much you have to be paid to get out of bed. We care because...?

          Anyway, quick answer to the question above is no I am not the OP. You guys serious that people waste time with 2 logins for supporting their own argument? How much spare do these people have!?!
          We do indeed enjoy toying with folk like you.

          Comment


            Originally posted by LondonPM1 View Post
            This forum is full of old people telling all the youngsters to never go contracting and posting garbage about the weather and discussing everything apart from contracting

            For people in their mid to late 30s serious about their career and earning capacity and tax optimisation which is what this forum should be about it’s very unfortunate

            When a thread moves to general you just know it’s time to check out because all the lazy people jump in and take the conversation to a different tangent

            It was worth posting for me to get a feel of what London financial perm salaries were paying. The rest of the thread was hijacked by people who wanted to pass their time

            A shame that the admins don’t actually stop this childish behaviour but I ll go back to just browse mode rather than contribute mode
            Job's a good 'un.

            Comment


              Originally posted by Old Greg View Post
              Job's a good 'un.

              Except it's another falsehood from him. He hasn't contributed anything to the forum, and as for his claim that ContractorUK is supposed to be a forum to explain how to carry out tax evasion, we're not.
              {emotionless greeting}

              Three Word Slogan

              Comment


                Originally posted by WTFH View Post
                Except it's another falsehood from him. He hasn't contributed anything to the forum, and as for his claim that ContractorUK is supposed to be a forum to explain how to carry out tax evasion, we're not.
                Yes indeed WTFH - Contractors become contractors because they want to volunteer their skills sets and "avoid the office politics".

                The fact that contractors take home pay is vastly improved (as laid out mathematically at the beginning of this thread which showed what a 100K salary would look like) and together with many threads on this site which used to talk about expenses, wife employment, optimal tax thresholds, BIK for cars and most interestingly people stung by loan charges is just a by product and a second order effect

                People who are contractors are not doing it for take home pay / tax reasons but simply because they like being flexible .

                Thank you for clearing this up - Its as clear as mud

                Every attempt to plan discuss / optimise tax is met with claims that it is tax evasion - Meanwhile contractors have stayed for years as disguised employees whilst people simply nod and play along going through the circus of IR35 interpretation

                Comment


                  Originally posted by Old Greg View Post
                  Job's a good 'un.
                  The stage is all yours - Lets see you do the weather dance today to take your post count to infinity

                  Comment


                    Originally posted by LondonPM1 View Post
                    Yes indeed WTFH - Contractors become contractors because they want to volunteer their skills sets and "avoid the office politics".

                    The fact that contractors take home pay is vastly improved (as laid out mathematically at the beginning of this thread which showed what a 100K salary would look like) and together with many threads on this site which used to talk about expenses, wife employment, optimal tax thresholds, BIK for cars and most interestingly people stung by loan charges is just a by product and a second order effect

                    People who are contractors are not doing it for take home pay / tax reasons but simply because they like being flexible .

                    Thank you for clearing this up - Its as clear as mud

                    Every attempt to plan discuss / optimise tax is met with claims that it is tax evasion - Meanwhile contractors have stayed for years as disguised employees whilst people simply nod and play along going through the circus of IR35 interpretation

                    Your obsession with salaries and equivalent rates, your incorrect calculations that you've made many times, your failure at mathematics - you keep repeating yourself, doesn't make them right.

                    People get into contracting for many reasons. It's not just about tax.
                    {emotionless greeting}

                    Three Word Slogan

                    Comment


                      Originally posted by WTFH View Post
                      Your obsession with salaries and equivalent rates, your incorrect calculations that you've made many times, your failure at mathematics - you keep repeating yourself, doesn't make them right.

                      People get into contracting for many reasons. It's not just about tax.
                      No quite sure why you are still rising to his tulip WTFH.

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