Reply to: Agent pops up with last minute hitch!

[Damon]

Purely out of interest, have you considered your IR35 position for the first 6 months? Might be hard to argue that they don't see you as an employee.

Yes on my list of challenges!

[DirtyDog]

Getting there....

CG have dumped discussing via the agency and their FS Director called me...

Cards on the table discussion and they are considering a contract for 6 months before FTC after that.

Hopefully a win-win for both parties....it does happen from time to time!

Purely out of interest, have you considered your IR35 position for the first 6 months? Might be hard to argue that they don't see you as an employee.

[psychocandy]

Getting there....

CG have dumped discussing via the agency and their FS Director called me...

Cards on the table discussion and they are considering a contract for 6 months before FTC after that.

Hopefully a win-win for both parties....it does happen from time to time!

Do 6 month contract and then go no thanks to FTC.

Occasionally get clients who ask if I can do contract for 6 months then would I go perm. Always say I'd consider it. Usually after 6 monhs they've either not sorted the budget or I then just say no. Usually they're stuffed and have to keep you on contract...

[Damon]

Getting there....

CG have dumped discussing via the agency and their FS Director called me...

Cards on the table discussion and they are considering a contract for 6 months before FTC after that.

Hopefully a win-win for both parties....it does happen from time to time!

[Damon]

Normally FTC is tulipe as mentioned but on this occasion, it looks ok to me.
No harm having Cap G on your CV (I know people slate the consultancies but clients don't always share that opinion) plus potential repeat work in the future + potential contacts.
People leave CapG all the time for senior jobs all over and often put the band back together at new gaff.
Mate left accenture and his old boss moved to BP and bounced him onto an 850/day + expenses + wfh friday contract....
They probably just want some security/ability to sell you in as a CapG resource.
Usual FTC is perm money, contract conditions, this looks better.
LtdCo can be closed or mothballed, I wouldn't rule it out on that basis.

Agreed, I too have some friends who exited Delloite after a few years and now work together charging themselves out at £1,500/day and take their 'crew' (ltdco contractors) from gig to gig on higher rates than market value.

[lukemg]

Normally FTC is tulipe as mentioned but on this occasion, it looks ok to me.
No harm having Cap G on your CV (I know people slate the consultancies but clients don't always share that opinion) plus potential repeat work in the future + potential contacts.
People leave CapG all the time for senior jobs all over and often put the band back together at new gaff.
Mate left accenture and his old boss moved to BP and bounced him onto an 850/day + expenses + wfh friday contract....
They probably just want some security/ability to sell you in as a CapG resource.
Usual FTC is perm money, contract conditions, this looks better.
LtdCo can be closed or mothballed, I wouldn't rule it out on that basis.

[Damon]

Dont forget to balance with all the expenditure you can offset against tax as a LtdCo, My favorite after travel is the £150 for my Christmas Party

The opportunity provides more than monetary gain so I am balancing the long term gain it brings with the revenue 'loss'. Given I just had 6 months off it will still be more than I turned over in 2013

[Barley]

Someone I know went permie for £100k from a contract paying around £525-570 (I'd guess at the daily rate, I know the basic permie wage) and said that the sums for him were comparable.

But, he gets a car and a decent flexible benefits package as well.

Take home from FTC will be the same as a permanent position, since that's essentially what it is.

Don't forget to factor in whether there is anything intangible that you can get from the FTC (new skills, experience etc.) as well.

Dont forget to balance with all the expenditure you can offset against tax as a LtdCo, My favorite after travel is the £150 for my Christmas Party

[Damon]

Going to test them out on a 6 month contract to flip to FTC at a higher salary and see if that flies.

Like the opportunity, great role less than an hour from home. Still don't think it will go anywhere though.

It's more likely to be 3-4 months down the line when they need more people and are actively recruiting contractors to ramp up I'll get a bite from them.

[psychocandy]

What are the sums like? How do you work out say take home from a FTC, same as permy? I have never even considered a FTC in the past so know nothing about it.

They have suggested £100k as doable.

£100k not so bad then. But £100K via contract is LOT more in your pocket than £100K PAYE but I guess you know that.

[psychocandy]

Yep just got the call.

They want me to join but on FTC only

FTC - All the disadvantages of being contractor with none of the advantages of being permie.

[DirtyDog]

What are the sums like? How do you work out say take home from a FTC, same as permy? I have never even considered a FTC in the past so know nothing about it.

They have suggested £100k as doable.

Someone I know went permie for £100k from a contract paying around £525-570 (I'd guess at the daily rate, I know the basic permie wage) and said that the sums for him were comparable.

But, he gets a car and a decent flexible benefits package as well.

Take home from FTC will be the same as a permanent position, since that's essentially what it is.

Don't forget to factor in whether there is anything intangible that you can get from the FTC (new skills, experience etc.) as well.

[Damon]

What are the sums like? How do you work out say take home from a FTC, same as permy? I have never even considered a FTC in the past so know nothing about it.

They have suggested £100k as doable.

[DirtyDog]

Yep just got the call.

They want me to join but on FTC only

So, is it worth it? How close to the contracting rate is it, and are there any benefits?

Would it be worth taking the FTC, shutting down the Ltd and getting entrepreneur's relief, and then going back to Ltd once the FTC is finished? If there is money in the company then you might be able to make more of this than first seems likely.

All depends if you want to go and work for Crap though.

[Damon]

Yep just got the call.

They want me to join but on FTC only