Reply to: Inside vs Perm - opinion

[Paralytic]

Any idea what topics he could make a valuable contribution on - I don't remember anything helpful in his 342 posts so far.

To be fair, there's a lot more than that.

https://forums.contractoruk.com/memb..._time=time_all

[eek]

None of those you list are benefits.

You've got very little clue of what permanent employment is all about so maybe you should just sit this one out and limit yourself to post on threads where you can actually make valuable contributions.

Any idea what topics he could make a valuable contribution on - I don't remember anything helpful in his 342 posts so far.

[PCTNN]

Free coffee
subsidised parking
Free cakes
Pack of crisps at Xmas

All of these "benfits" are frankly worthless with the exeption of perhaps pension contrib (only a few percent from my viewings) and a discretionary bonus (read only when times are great)

The perm benefits are overrated

None of those you list are benefits.

You've got very little clue of what permanent employment is all about so maybe you should just sit this one out and limit yourself to post on threads where you can actually make valuable contributions.

[NowPermOutsideUK]

I've worked at multiple sites where contractors were explicitly excluded from perks such as on-site parking, subsidised canteen, free coffee etc

But what LPM said regarding perm benefits being overrated probably tells us more about his experience that the market in general.

So have I - And I would rather have to pay for my coffee and parking and bill a serious invoice than think about 45K salary (as was suggested) with all the perm benefits !

[Paralytic]

They are perks, which are offered to most people on site including contractors at many clients so bit of a crap argument.

I've worked at multiple sites where contractors were explicitly excluded from perks such as on-site parking, subsidised canteen, free coffee etc

But what LPM said regarding perm benefits being overrated probably tells us more about his experience that the market in general.

[northernladuk]

Free coffee
subsidised parking
Free cakes
Pack of crisps at Xmas

All of these "benfits" are frankly worthless with the exeption of perhaps pension contrib (only a few percent from my viewings) and a discretionary bonus (read only when times are great)

The perm benefits are overrated

I know one person on here that would chop his right arm off for the parking...

But non of those are benefits. They are perks, which are offered to most people on site including contractors at many clients so bit of a crap argument.

I believe a proper benefit is the use of a spell checker... Maybe you should go perm?

[NowPermOutsideUK]

Depends on what else is on the table for the perm role. Assuming 40-45k is the basic salary, to have a clearer picture you have to consider stuff such as

- yearly bonus
- employer pension contributions
- training budget

just to name a few.

Free coffee
subsidised parking
Free cakes
Pack of crisps at Xmas

All of these "benfits" are frankly worthless with the exeption of perhaps pension contrib (only a few percent from my viewings) and a discretionary bonus (read only when times are great)

The perm benefits are overrated

[PCTNN]

Hi, just wanted some opinions on what is a better option?
An inside role at 350/400 vs a perm role at 40k/45k?

Happy to hear both sides of the argument. Thanks

Depends on what else is on the table for the perm role. Assuming 40-45k is the basic salary, to have a clearer picture you have to consider stuff such as

- yearly bonus
- employer pension contributions
- training budget

just to name a few.

[Peoplesoft bloke]

Hi, just wanted some opinions on what is a better option?
An inside role at 350/400 vs a perm role at 40k/45k?

Happy to hear both sides of the argument. Thanks

The perm role. I will never work inside IR35 under any circumstances.

[redman123]

Yes - in the very first reply i.e. second post.

As I'm conservative it's based on 220 days at £350 a day and the PAYE equivalent for a year comes to £66,800 (with employer NI, apprenticeship levy and a £25 umbrella fee deducted).

thanks, which is £47,436.76 after tax, so that means 23.7k on a 6 month role.

[redman123]

Excuse my ignorance but did someone provide the after tax income from both options to allow the OP to objectively assess the circumstances? I would also like to see the difference of 400 per day inside vs 40K perm after tax ... I have a feeling that 400 a day would be equal to 80K perm after tax working on 227 days per year of work.

40k is £30,863.96 after tax which should be compared to any contract roles on 6m.

[NowPermOutsideUK]

No.

You are so obsessed with rates.

How much do you earn?

How much do you pay tax on?

How much do you divert into the bank account of family/friends?

Answers as follows:

How much do you earn? Not enough unfortunately - Trying to retrain as a social media influencer

How much do you pay tax on? - 100% of 0 == 0

How much do you divert into the bank account of family/friends? 0 but would love to hear from you tax saving strategies learnt from politicians in the UK of using offshore jurisdictions and trusts to better keep hold of the few pennies in my pocket!

Wishing you a wonderful Wednesday !

[eek]

Excuse my ignorance but did someone provide the after tax income from both options to allow the OP to objectively assess the circumstances? I would also like to see the difference of 400 per day inside vs 40K perm after tax ... I have a feeling that 400 a day would be equal to 80K perm after tax working on 227 days per year of work.

Yes - in the very first reply i.e. second post.

As I'm conservative it's based on 220 days at £350 a day and the PAYE equivalent for a year comes to £66,800 (with employer NI, apprenticeship levy and a £25 umbrella fee deducted).

[WTFH]

Excuse my ignorance but did someone provide the after tax income from both options to allow the OP to objectively assess the circumstances? I would also like to see the difference of 400 per day inside vs 40K perm after tax ... I have a feeling that 400 a day would be equal to 80K perm after tax working on 227 days per year of work.

No.

You are so obsessed with rates.

How much do you earn?

How much do you pay tax on?

How much do you divert into the bank account of family/friends?

[NowPermOutsideUK]

Excuse my ignorance but did someone provide the after tax income from both options to allow the OP to objectively assess the circumstances? I would also like to see the difference of 400 per day inside vs 40K perm after tax ... I have a feeling that 400 a day would be equal to 80K perm after tax working on 227 days per year of work.