At a high level in a company, it does seem silly to be hiring the same guy for several years as a contractor. One of the reasons companies like contractors is that they can quickly be put in place when new work needs a sudden increase in people, and then just as quickly dropped when that passes.
If it becomes clear a role isn't transitory, then the company is best off getting a permie unless there's some specific reason otherwise.
- 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!
Reply to: Blackrock max 2 years as a contractor
Collapse
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.
Logging in...
Previously on "Blackrock max 2 years as a contractor"
Collapse
-
Why do they have contracting limits anyway? Is it
a) Paranoid about HMRC coming after them despite all the structures (a fear that HMRC will target the deepest pockets).
b) Jealous permie's seeing all that unbroken income with no bench time.
c) HR/finance stating that if someone is there for x years, they should be paid permie rates, not contract.
d) Compliance with some financial regulations about external suppliers
e) All of the above
Leave a comment:
-
You can get around these silly HR rules, but it is not easy.
Basiclly you cannot work in the same role for whatever limit they have put on it. But you can move roles in the organisation and then the clock starts again.
Also you can challenge them by paying solictors like QDos or someone to prove this is all nonsene and they may back down.
I think you will have a better chance if just move roles within the company. Have a word with the line manager and change yourself from Developer to Production Engineer or sommit like that.
BTW: Isn't Blackrock more of a software house than an enterprise? These types usually do not worry about such contracting limits
zzzzzzzzzzzzzzz
Leave a comment:
-
My client has a two year rule. Still contracting to them though - after nearly 4 years.
Leave a comment:
-
Deutsche bank has a 9 month rule. JP Morgan has 2Y, 3Y and 10Y rules though 3Y seems to be the most common.
Leave a comment:
-
-
Blackrock max 2 years as a contractor
Anyone done a gig for Blackrock, if so is there a max 2 year rule for contractors there ?
Cheers (*) (*)Tags: None
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Andrew Griffith MP says Tories would reform IR35 Oct 7 00:41
- New umbrella company JSL rules: a 2026 guide for contractors Oct 5 22:50
- Top 5 contractor compliance challenges, as 2025-26 nears Oct 3 08:53
- Joint and Several Liability ‘won’t retire HMRC's naughty list’ Oct 2 05:28
- What contractors can take from the Industria Umbrella Ltd case Sep 30 23:05
- Is ‘Open To Work’ on LinkedIn due an IR35 dropdown menu? Sep 30 05:57
- IR35: Control — updated for 2025-26 Sep 28 21:28
- Can a WhatsApp message really be a contract? Sep 25 20:17
- Can a WhatsApp message really be a contract? Sep 25 08:17
- ‘Subdued’ IT contractor jobs market took third tumble in a row in August Sep 25 08:07

Leave a comment: