If the role is commutable and the net pay is acceptable - use an umbrella calculator (contractor umbrella or paystream) - then you need to decided if the role is acceptable (bearing in mind you have no employment rights).
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Reply to: Contracting to MOD - HELP!!
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Previously on "Contracting to MOD - HELP!!"
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Originally posted by Spoiler View PostIn these times it's comforting to have CUK still maintaining its low standard of facts
But then i am very old and was probably verra verra drunk...
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We've 3 people here that failed contracting and had to become mods as well.
You are not alone.
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Originally posted by malvolio View Post... this is what you get less Employer NICs and PAYE only. Employee NICs and Apprentice Levy should be paid to the fee payer by the end client and is not part of the contractor's rates.
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Originally posted by northernladuk View PostTo be fair the same was said for every consultant from the large outsourced suppliers. It was standard working practice so not unique to Lance. In fact it's the same now, just lower rate from client and lower pay to consultant, where ever in the world he's based.Originally posted by Lance View PostDefinitely wasn't unique. It's what happens to capable individuals who don't know what they can do and what it's worth. In your 20s, and with no formal qualifications, a wage that's welll above average, doing a job you enjoy is good.
Also the consultancy market was quite different then.
And I'm based in the North (yorks. lancs at a push if the rate is good).
Suffice to say that I don't begrudge agents getting their 10-20% if they get me good roles.
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Originally posted by northernladuk View PostTo be fair the same was said for every consultant from the large outsourced suppliers. It was standard working practice so not unique to Lance. In fact it's the same now, just lower rate from client and lower pay to consultant, where ever in the world he's based.
Also the consultancy market was quite different then.
And I'm based in the North (yorks. lancs at a push if the rate is good).
Suffice to say that I don't begrudge agents getting their 10-20% if they get me good roles.
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Originally posted by DolanContractorGroup View PostWow.
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Originally posted by Lance View PostI used to care when I was a permie. I was sold out for £1.2k a day in the late 90s and only saw c. £35k salary.... No more.
Originally posted by malvolio View PostWith one very important caveat. The role must be advertised and accepted at the gross rate to the contractor, i.e. this is what you get less Employer NICs and PAYE only. Employee NICs and Apprentice Levy should be paid to the fee payer by the end client and is not part of the contractor's rates. So while there will be a gap between what the client is being charged and what comes down to the contractor, you cannot advertise a role at £500 as contract rate and then actually pay out £350 as an assignment rate or some other mealy-mouthed term, to cover your (new) overheads, you advertise the role at £350.
Thanks
Zeeshan
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Originally posted by DolanContractorGroup View PostIs this the general view amongst contractors?
For example, surely the £800 per day the MOD have agreed with AMS is not considered the contractor's money? The contractor's money would only be the amount that PSR agrees with the contractor, e.g. £500 per day. Anything above in the chain is not known to the contractor so shouldn't affect them. They'll only accept the rate that their happy with, and that's £500 (not £800).
Thanks
Zeeshan
Switch it around. When I get a sub in then I pay him from my money that I get from the agent. The sub might think its his money but it isn't.
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Originally posted by malvolio View PostWith one very important caveat. The role must be advertised and accepted at the gross rate to the contractor, i.e. this is what you get less Employer NICs and PAYE only. Employee NICs and Apprentice Levy should be paid to the fee payer by the end client and is not part of the contractor's rates. So while there will be a gap between what the client is being charged and what comes down to the contractor, you cannot advertise a role at £500 as contract rate and then actually pay out £350 as an assignment rate or some other mealy-mouthed term, to cover your (new) overheads, you advertise the role at £350.
Leave a comment:
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Originally posted by DolanContractorGroup View PostIs this the general view amongst contractors?
For example, surely the £800 per day the MOD have agreed with AMS is not considered the contractor's money? The contractor's money would only be the amount that PSR agrees with the contractor, e.g. £500 per day. Anything above in the chain is not known to the contractor so shouldn't affect them. They'll only accept the rate that their happy with, and that's £500 (not £800).
Thanks
Zeeshan
Leave a comment:
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