How do you deal with forced time off?

[Normie]

Client Co has just asked us to go home for 15 days between now and the end of October. Look at it this way, it's an IR35 get out of jail free card.

I hope so - my client has enforced a 3 week contractor stand down over Christmas and New Year for the last 4 years. Would be nice to think that this would be my IR35 "get out of jail card".

[Sockpuppet]

Ok but what about the change of focus?

What AP said.

Unless your war chest is going to buy a house outright don't use all of it on the house purchase. If it will then well you could probably live on £5k a year at a push.

[NorthWestPerm2Contr]

What AP said.

Unless your war chest is going to buy a house outright don't use all of it on the house purchase. If it will then well you could probably live on £5k a year at a push.

I have a couple of things to fall back on if I couldn't find a contract such as sending wife out to work for a few weeks......

[DaveB]

I have a couple of things to fall back on if I couldn't find a contract such as sending wife out to work for a few weeks......

<Baldrick>
I hear there's good money to be made down the docks, doing favours for sailors.
</Baldrick>

[ChimpMaster]

There are some messed up viewpoints here.

Warchest shouldn't be used for a house deposit? Ummm so do you look at your company bank a/c of £200k and think 'damnit I can't afford to buy a house so have to keep on renting' ? Yes of course a warchest is something you fall back on when you're on the bench (if needed) but if you can invest it or if you need it to buy yourself a house then why shouldn't you?

There's sometimes also a lack of appreciation here for what warchest and funds mean to people at different stages of life. There are a lot of younger, single people here that can easily afford to live a good life on their rate and not have any worries. And then there are the slightly older lot, married and then those with kids, who have to think that extra 2 steps ahead to make sure that they can earn enough for the family, now and in the future.

Don't be worried about the 3 day enforced leave. I work myself to the bone and sometimes I feel like I want time off ... but I wouldn't want to give up the £4k or whatever a week while I can get it (because I know my time is coming when I won't be able to get that any more). A forced 3 day break, equating to a total of 9 days off, sounds great to me right now because I would have no choice but to relax and enjoy it!

[SimonMac]

There are some messed up viewpoints here.

Warchest shouldn't be used for a house deposit? Ummm so do you look at your company bank a/c of £200k and think 'damnit I can't afford to buy a house so have to keep on renting' ? Yes of course a warchest is something you fall back on when you're on the bench (if needed) but if you can invest it or if you need it to buy yourself a house then why shouldn't you?

There's sometimes also a lack of appreciation here for what warchest and funds mean to people at different stages of life. There are a lot of younger, single people here that can easily afford to live a good life on their rate and not have any worries. And then there are the slightly older lot, married and then those with kids, who have to think that extra 2 steps ahead to make sure that they can earn enough for the family, now and in the future.

Don't be worried about the 3 day enforced leave. I work myself to the bone and sometimes I feel like I want time off ... but I wouldn't want to give up the £4k or whatever a week while I can get it (because I know my time is coming when I won't be able to get that any more). A forced 3 day break, equating to a total of 9 days off, sounds great to me right now because I would have no choice but to relax and enjoy it!

I would say very few people have a warchest (ie liquid assests/cash that they could get their hands on quickly while benched) anywhere in the region of £200k. For most a warchest is 6-12 months to get you through a dip in the market or allow you to take an extended holiday.

[TheFaQQer]

I am gonna lose a fair amount of money which I could do with at the moment.

Remind me - how much was that increase you turned down because you were confident that you'd get something so much better?

How's that working out for you?

[AtW]

Warchest shouldn't be used for a house deposit? Ummm so do you look at your company bank a/c of £200k and think 'damnit I can't afford to buy a house so have to keep on renting' ?

Yes.

[alreadypacked]

I would say very few people have a warchest (ie liquid assests/cash that they could get their hands on quickly while benched) anywhere in the region of £200k. For most a warchest is 6-12 months to get you through a dip in the market or allow you to take an extended holiday.

[northernladuk]

Are you single?