Reply to: Fixed term v Rolling Contracts ?

[TheFaQQer]

Work of the devil, is what FTC is.

HTH

I confuse FTCs with FLCs...

[jmo21]

Gotta say FTC is such a bad option and the differences are black and white so I am not sure why the OP isn't grasping it but we know the OP who isn't a troll so I don't think trolling.

We do?

Non native English speaker?

Guessing it's just the presence of the word contract then?

OP - replace "Fixed Term Contract" with the phrase "Non-permanent employment", or "Short term employment".

[northernladuk]

It's like pulling teeth with the OP. Must be trolling, surely?

Gotta say FTC is such a bad option and the differences are black and white so I am not sure why the OP isn't grasping it but we know the OP who isn't a troll so I don't think trolling.

[FatLazyContractor]

Work of the devil, is what FTC is.

HTH

[jmo21]

It's like pulling teeth with the OP. Must be trolling, surely?

[TheFaQQer]

So its not really worth it if your ltd then.
As you'd have to close your company or put it in a dormant state for 12 months.
My account can put my company dormant for a year but at a cost of £60 pm

And you'd be unlikely to get ER when you do the shutdown.

[northernladuk]

So its not really worth it if your ltd then.
As you'd have to close your company or put it in a dormant state for 12 months.
My account can put my company dormant for a year but at a cost of £60 pm

Are you seriously considering this? You know the rate is pro rata per annum and is fully taxable? I don't think I've seen a FTC that's even close to being worth considering.

Good chance just to shut your company down legitimately. Even if there is no real tax advantage you get rid of anything you'd rather not be questioned about and can start with a clean slate.

[CloudWalker]

So its not really worth it if your ltd then.
As you'd have to close your company or put it in a dormant state for 12 months.
My account can put my company dormant for a year but at a cost of £60 pm

[JRCT]

I'm assuming a FTC will not give you sick pay / holiday pay?

FTCs usually do give sick/ holiday pay in line with an equivalent permie contract.

FTCs are just the worst of both worlds. Cheaper for the end client, I suspect, which is the only reason I can think of for their existence.

[northernladuk]

Hang on, Are you saying a FTC will give you less benefits than a standard rolling contract. e.g Cant clam for Travel / Food / Expenses?
I'm assuming a FTC will not give you sick pay / holiday pay?

FTC is actually not correct. The full title is a Fixed Term Employment Contract.

Lots of info on Gov Website about it.

https://www.gov.uk/fixed-term-contra...dterm-contract

[BolshieBastard]

Hang on, Are you saying a FTC will give you less benefits than a standard rolling contract. e.g Cant clam for Travel / Food / Expenses?
I'm assuming a FTC will not give you sick pay / holiday pay?

An FTC is a contract of employment. It isnt a contract for a limited company.

Unless the employer is paying travel, food and other expenses no, you cannot 'claim' these as you have nothing to claim against.

Im not aware of any circumstance where you'd use a limited co on an FTC.

[CloudWalker]

Hang on, Are you saying a FTC will give you less benefits than a standard rolling contract. e.g Cant clam for Travel / Food / Expenses?
I'm assuming a FTC will not give you sick pay / holiday pay?

[BolshieBastard]

Whats your view on fixed term contracts as apposed to rolling ones?
Seen some good 12 month fixed term (local government) contracts, but wanted to know what people think. (pros / cons)

Apart from them being totally different aninmals I always avoided FTC. I got quite anoyed with one agent who told me all about this great role only then to reveal it was an FTC. Wasted everyone's time.

FTC you arent a proper permie and not a contractor. They must appeal to some people although I guess they dont realise the implications.

[jmo21]

In my experience of FTC's the money has been low so not worth even considering in the first place. The way I can see them being of interest is for you to know you have a years work.

I've always assumed the worst of people who go for FTC roles eg. they can't get a proper permie job, and won't try real contracting?

[curtis]

In my experience of FTC's the money has been low so not worth even considering in the first place. The way I can see them being of interest is for you to know you have a years work.