Reply to: Permies constantly joking about contractors being rich

[stek]

Seriously? Not that I know permie salaries generally but everywhere I've worked I've got the impressionn that Im taking home at least double what the permies are getting.

I was out with my permie Oracle DBA mate who's thinking of going contracting but has been thinking of going contracting since I've known him (10 years) and his take home is similar to mine, mine is the optimum sal/div without going into the higher bracket.

[d000hg]

It gets better... word is we get a £600 raise in April!

Per day? Not bad, I guess.

[psychocandy]

Does not happen at my place as most the permies are on more than the contractors even if the contractor is outside of IR35.

Seriously? Not that I know permie salaries generally but everywhere I've worked I've got the impressionn that Im taking home at least double what the permies are getting.

[DimPrawn]

The problem would probably be due to you having "bantered" with them.
We are contractors we are the elite, we invoice and then ***** off we don't fraternize with lazy slacker permies.

^ This

Never reply, just sneer and walk off.

[Avalonia]

LOL, i've done this when permies have been having a dig

The problem would probably be due to you having "bantered" with them.
We are contractors we are the elite, we invoice and then ***** off we don't fraternize with lazy slacker permies.

[Zero Liability]

LOL, i've done this when permies have been having a dig.. 'Yeah but I have to £16K VAT a year before I even look at my income' normally shuts them up... No one yet has clicked

The thing is, if they have the skill set, they can easily do it themselves. When it's not just idle banter, if you point out all the risks and responsibilities that go with it, very few would still want to do it. It takes a particular mindset, and many of them value the security and perks of permanent employment and employment rights conferred upon them by law, so no point in complaining.

[Whorty]

I think your company has accurately appraised what you're worth

I was concerned I might be overpaid .... but I feel much happier now

[d000hg]

I'm on minimum wage myCo just doesn't pay me much ... hardly even incurs income tax or NI

I think your company has accurately appraised what you're worth

[northernladuk]

I politely tell people that it's not worth that much, you have to pay 3 kinds of tax that they won't (corporation, VAT and dividend) on a quarterly or annual basis, and that I could be told to leave tomorrow with no recourse. That you have to have an accountant - and a limited company that you're the director of. And a business bank account. And indemnity insurances. And that if they're still interested after that, that I'll happily discuss it over a coffee.

LOL, i've done this when permies have been having a dig.. 'Yeah but I have to £16K VAT a year before I even look at my income' normally shuts them up... No one yet has clicked

[jamesbrown]

Is the NI rebate still in place for next year? If it isn't, then it's probably worth dropping back down again to below the point at which salary attracts NI.

Yes, I think it's pretty much indefinite, i.e. until removed:

https://www.gov.uk/employment-allowance

IIRC, they extended the remit in the Autumn Statement (to care/support workers), so it's definitely ongoing.

[mudskipper]

It gets better... word is we get a £600 raise in April!

That's a 6% payrise - better than most permies. I presume you'll pass the increased overhead onto the client.

[Whorty]

I'm on minimum wage myCo just doesn't pay me much ... hardly even incurs income tax or NI

[TheFaQQer]

A pay-cut? My boss is a right b*****d

I've met your boss.

You're right

[Bunk]

Is the NI rebate still in place for next year? If it isn't, then it's probably worth dropping back down again to below the point at which salary attracts NI.

A pay-cut? My boss is a right b*****d

[TheFaQQer]

It gets better... word is we get a £600 raise in April!

Is the NI rebate still in place for next year? If it isn't, then it's probably worth dropping back down again to below the point at which salary attracts NI.