Stay Perm or go Contracting?

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northernladuk replied

26 September 2022, 09:03
Originally posted by Guy Incognito View Post

Same is true of "permanent" roles.

Same but no way the same level of risk.
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Guy Incognito replied

26 September 2022, 08:13
Originally posted by northernladuk View Post

You won't be earning anything if the gig evaporates before you step foot on site. The gig is only as long as it's notice period as well.

Same is true of "permanent" roles.
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Move D replied

25 September 2022, 20:04
Originally posted by nathanuk View Post

Expect Around 54% .. you are likely to earn around 7500 for 20 days. But you can allocate about 40k to pension and that will reduce your tax.

Slightly then what i initially expected, good to know. Will factor this is to the decision.
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mallisarealperson replied

25 September 2022, 17:56
Err role up role up it a Cold Storage Sockie.
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northernladuk replied

25 September 2022, 17:09
You won't be earning anything if the gig evaporates before you step foot on site. The gig is only as long as it's notice period as well.
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eek replied

25 September 2022, 09:43
https://www.payslipbuddy.co.uk will give you an accurate estimate of what you will pay.
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edison replied

25 September 2022, 08:35
Perhaps take a wider view rather than just pure take home pay.... what's your current skillset and how does £65k perm or £700/day inside compare? How likely are you to be able to withstand a downturn if the recession takes hold? How much do you value the security of a longer term contract? Also, IR35 rules will be changed from April 2023 so that might be a factor for you too.
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nathanuk replied

24 September 2022, 22:09
Originally posted by Move D View Post

Evening,

I’ve been offered a contact @ 700 a day (inside IR35 not using a LTD). I’m currently a perm on 65k. Fairly longterm contract from what I can glean. Am I right in thinking that I should be looking at half of 700 as my take home, so £350ish? Several different IR35 calculators seem to fluctuate quite a bit.

If it was you, Is this gig worth taking based on these numbers?

Expect Around 54% .. you are likely to earn around 7500 for 20 days. But you can allocate about 40k to pension and that will reduce your tax.
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NowPermOutsideUK replied

24 September 2022, 21:44
<mod snip>

Last edited by WTFH; 24 September 2022, 22:58. Reason: Stop spamming every thread about rates, until you tell us all what you are on.
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Move D started a topic Stay Perm or go Contracting?

24 September 2022, 20:23
Stay Perm or go Contracting?

Evening,

I’ve been offered a contact @ 700 a day (inside IR35 not using a LTD). I’m currently a perm on 65k. Fairly longterm contract from what I can glean. Am I right in thinking that I should be looking at half of 700 as my take home, so £350ish? Several different IR35 calculators seem to fluctuate quite a bit.

If it was you, Is this gig worth taking based on these numbers?

Last edited by Move D; 24 September 2022, 20:26.
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