Originally posted by gabox01
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Reply to: Annual salary contract
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Previously on "Annual salary contract"
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Originally posted by b0redom View PostDepends where you are and what you're doing, but £65k/year is not unattainable as a permie, in London certainly.
That's a pretty bad daily rate for a contractor, even if you are a junior.
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Just finished. It is a contract with an hourly rate. The figure had been presented to me as an annual amount. It assumed no holiday including bank holiday. A bit misleading. So not much better than permie for me.
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Originally posted by AndyH0 View PostFortunately this one is paying far more than a permie job. Benefit to joining the company pension scheme is to get their contribution which is typically double yours and at least 9% total.
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Originally posted by AndyH0 View PostFortunately this one is paying far more than a permie job. Benefit to joining the company pension scheme is to get their contribution which is typically double yours and at least 9% total.
https://www.gov.uk/fixed-term-contra...ployees-rights
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Fortunately this one is paying far more than a permie job. Benefit to joining the company pension scheme is to get their contribution which is typically double yours and at least 9% total.
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Originally posted by Eirikur View PostNormally you will have the same benefits as a permie on a fixed term contract.
They must offer you paid holidays, pension etc.
However you will also have the same disadvantages a as permie. Probation time, Reviews, team outings, christmas dinner, etc
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Normally you will have the same benefits as a permie on a fixed term contract.
They must offer you paid holidays, pension etc.
However you will also have the same disadvantages a as permie. Probation time, Reviews, team outings, christmas dinner, etc
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Fixed term contracts seem to offer the worst of all worlds. The ones I've seen offer permie like money with no security. The reason you're typically paid more as a contractor is that you're a disposable resource. The ones I've seen offer a pro-rata 'rate', so you don't get holiday etc....
As others have said though, it depends completely on what the contract says, whether it's inside IR35 and a host of other things.....
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Originally posted by AndyH0 View PostThis could be my first step into the contract world!
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Annual salary contract
Hi. I'm new to the forum. This could be my first step into the contract world!
I'm going to an interview tomorrow for a contract job. It is 12 months and pays £65k. I have a couple of questions about this that you may be able to help with.
As the salary is stated as an annual amount does this mean I need to subtract holiday and bank holidays etc.?
What kind of permanent salary is this the equivalent to considering the question above?Tags: None
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