• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

  • You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
  • You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
  • If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

Previously on "Help me calculate salary equivalent"

Collapse

  • contractor79
    replied
    Originally posted by deckster View Post
    Standard rule of thumb is permie salary = hourly rate * 1,000 - your £500/day comes out at maybe £65k. Obviously every circumstance is different, but I'd say your £87k is optimistic for a permie equivalent of a £500/day contract.

    Even then, in my experience the companies offering these fixed term contracts are Indian outsourcers and as you say they are highly unlikely to pay anything close to that.
    thanks, yes I should have read my own sig shouldn't I !

    Leave a comment:


  • deckster
    replied
    Standard rule of thumb is permie salary = hourly rate * 1,000 - your £500/day comes out at maybe £65k. Obviously every circumstance is different, but I'd say your £87k is optimistic for a permie equivalent of a £500/day contract.

    Even then, in my experience the companies offering these fixed term contracts are Indian outsourcers and as you say they are highly unlikely to pay anything close to that.

    Leave a comment:


  • Hex
    replied
    There are calculators here that may help: http://www.ir35calc.co.uk/

    Leave a comment:


  • contractor79
    replied
    Originally posted by Olly View Post
    errrrrrrr.......it's demand and supply init!

    you ask for the max you think they can/will pay if that's less than you'll work for then you don't do it...simples!!!

    P.S. Permie salaries seem depressingly low...you have to pretty desirable to attain nearly 90K
    Like I say, I don't think they will pay anything like that

    Leave a comment:


  • Olly
    replied
    errrrrrrr.......it's demand and supply init!

    you ask for the max you think they can/will pay if that's less than you'll work for then you don't do it...simples!!!

    P.S. Permie salaries seem depressingly low...you have to pretty desirable to attain nearly 90K

    Leave a comment:


  • contractor79
    started a topic Help me calculate salary equivalent

    Help me calculate salary equivalent

    Hi everyone

    I need some help with numbers here.

    I have contracted my services out at £400-500/day for the last 3 years. Only had say 6 months without invoicing if I count up unemployment, sick and holidays. So I invoiced £270k, say.

    Expenses (excluding salary), well these varied but let's say no more than £1.5k/month for when I worked so about 30 months that's £45k, say.

    That's a 'profit' of about £270 minus £45k = £225k before any taxes over 3 years.
    This means £75k to pay myself.

    Someone called me about a 2-year job but I would be paid as a permie and receive permie benefits but the job is only 2 years. So I wouldn't be invoicing just getting paid a set amount each month.

    I need to tell them how much I want.

    I'm thinking ask for £75k plus the expenses which for this job I think will be £1k/month, so we're talking about £87k.

    Is this reasonable, is there anything I've missed out here? I realise you get taxed more on a £75k salary but hey this is 2 years of no hassles no interviews just work in one place.

    HOWEVER, I don't think they will pay as much as this. I am prepared to take a knock for the fact it is stable and I receive other benefits, but not too much.
    Last edited by contractor79; 14 January 2010, 17:53.

Working...
X