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Rate CUT
Rate CUT
Have you factored in possible rate cuts? I'd settled for 400 pd last year.
All I'm saying is that contracting isn't much more lucrative these days.
Calculation
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?
Turned down contract
Turned down contract
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
Abbey
Abbey
I got one with Abbey -they approved on the spot. No contractor questions asked. Don't bother with contractor mortgages. You can do what they do yourself and save £500 in the process.