Originally posted by VectraMan
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Reply to: Change
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Previously on "Change"
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You don't say your previous salary to compare if £75k is a big jump up or not. With things changing in the contract world right now, I'd say take the perm job and watch how things settle after April 2016. A £400/day contract is nothing special - no need to rush to take it - but a £75k perm job is not that common. It will likely increase your skills and value if you do choose to go contracting in a year or two.
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Originally posted by DannyF1966 View PostIf someone was perm, where would the ltd co be getting its money from?Last edited by SuperZ; 31 August 2015, 15:25.
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Originally posted by SuperZ View PostCool, so if someone was perm with a ltd co still running, they can take a dividend of £5k a year from ltd co tax free, even if salary in the 40% band? Currently that would result in an extra £1250 tax bill
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Originally posted by raphal View PostBefore you decide, read about the new tax rule applicable for dividends.
New dividend tax regime confirmed - Contractor WeeklyLast edited by SuperZ; 31 August 2015, 12:38.
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Before you decide, read about the new tax rule applicable for dividends.
New dividend tax regime confirmed - Contractor Weekly
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One is a full time role. One lasts as long as your notice period. You can't compare them on monetary value alone.
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It's a lifestyle choice. So really depends what made you consider contracting in the first place?
Could you put up with the perm role for a couple of years and then reconsider a jump to contracting?
If not then I would say take the contract. But I agree that the perm deal is financially more attractive once you factor in bench time etc., so it would be a tough choice.
And absolutely do NOT rely on the agent for anything to do with company administration or tax matters.
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Originally posted by teapot418 View Post75K perm is a lot better deal than £400 pd IMO.
An 80 mile commute my be doable it may also utterly wear you out based on the number of steps in the journey..
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Originally posted by philipk View PostHi,
I've just finished serving my notice period after 6 years at a finance company as a perm. I always fancied getting into contracting.
As I was looking for my first contract, I was approached by a company for a perm role, offering 75k + bonus + other benefits. Though this is much more than what I was getting, downside is this may involve bit of traveling, but all paid.
Ironically, I also got a contract role offered at £400 a day, 80 miles away. Think it is doable by train as I live close to the train station. Agent is asking me to start ASAP, atm I don't have a ltd company or any thing else done. He wants to help me with these things as well.
As I have not done contracting before I don't know how these two options compare?
I am based in Swindon, if that helps.
Limited Company FreeAgent Accountants Maslins Accountants would be my recommendation but you'll likely get others.
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Change
Hi,
I've just finished serving my notice period after 6 years at a finance company as a perm. I always fancied getting into contracting.
As I was looking for my first contract, I was approached by a company for a perm role, offering 75k + bonus + other benefits. Though this is much more than what I was getting, downside is this may involve bit of traveling, but all paid.
Ironically, I also got a contract role offered at £400 a day, 80 miles away. Think it is doable by train as I live close to the train station. Agent is asking me to start ASAP, atm I don't have a ltd company or any thing else done. He wants to help me with these things as well.
As I have not done contracting before I don't know how these two options compare?
I am based in Swindon, if that helps.
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