Should I go permie

[TheRightStuff]

Have you stopped wringing your hands yet?

?????

[Diestl]

fI think my contracting years might only be 1/2 yrs especially after yesterdays budget.

Why do you say that?

[Bagpuss]

?????

Make a decision man!

[TheRightStuff]

Make a decision man!

I thought I had. Read previous posts.

[TheRightStuff]

Why do you say that?

Soon there won't be a financial advantage in contracting. I didn't mean 0.5 years I meant 1 or 2 years.

[SallyAnne]

No need to insult someone's pay that's not what were here for.
Before saying this please look at the calculations on the previous page. If you are happy with an 11K net difference p/a from contracting to permie then maybe you should go permie. I'm just assuming you haven't read it.

350 p/d I believe is a good rate for me. We have a 4 bedroom detached house in south London with no mortgage and my wife has stopped working to look after our baby daughter. We are happier then ever. Yes I know get the bucket out.

I leave the office around 5.30 - 6, get in at 9 and no weekends. This gives me a bit more time then others to see my daughter. I've been told by my agent me get easily get me £400-£450 p/d but I would have to work my nuts off. Seeing my daughter everyday is worth alot more then £100 p/d.

£350 p/d might not be enough for you as your expenses might be alot more then mine. However, the wife does want to move to a bigger house. Even so the mortgage will only be 1.5K p/m and for that we will get a 5 bed detached over looking country side with a games room at the back of the 155ft garden. Life is so bad at the moment.

I wasn't insulting anyone's pay.

I did look at the calculations, and the way I read it was that a contracting job at £350 a day only worked out at £11k more than a permie position.

So like I said, I wouldn't go contracting for that.

Perhaps you should read my post more clearly before jumping down my throat!

[rootsnall]

Current house is also big enough now but not a good idea at my age not to be geared up. Mortgage is cheap money so I should use it.

I think I know where you are coming from but with house prices at historically very high levels ( highest ever against average earnings !? ) gearing up may not be a sure fire winner. Any house price slump would almost certainly coincide with a contracting slump, the IT job market though a lot smaller was awful in the early 90s.

[Diestl]

Soon there won't be a financial advantage in contracting. I didn't mean 0.5 years I meant 1 or 2 years.

Hmm how about the hourly rate is normally 2-3x as much for doing the same job?

[ChimpMaster]

Agreed, I would only continue contracting if it earned at least 1.5 times as much as the same work in a permanent role. Usually it works out closer to 2x.

Hence an £11k difference makes the permie role sound much more attractive.

[TheRightStuff]

I wasn't insulting anyone's pay.

I did look at the calculations, and the way I read it was that a contracting job at £350 a day only worked out at £11k more than a permie position.

So like I said, I wouldn't go contracting for that.

Perhaps you should read my post more clearly before jumping down my throat!

ONLY 11K more p/a net. To me that is alot of money. Reality check needed here. I must be on minimum wage for a contractor then if that is nothing for you.