They want a permie, and the 6 months is a trial run
Or......
they want some short term work done and they don't think they could get a contractor at a day rate of that size so are aiming at desperate unemployed permie market
- 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: Fixed term pro rata contract
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 "Fixed term pro rata contract"
Collapse
-
No problem - hope you get it sorted.
And I'm with you on the "cash in the wallet" thing. There's no guarantee the permie job will work out but at least with a contract you can claim expenses and reduce your tax bill.
Leave a comment:
-
Thanks for the response Zippy.
I have questioned the agent as to why they are offering this as FTC and not a daily rate, but have not explicitly said I would prefer a contract to the agent, was assuming he'd have figured that out. It will be my next step tomorrow though.
Re jumping ship, yes it could be that, trying to keep me in because of the 'fringe benefits' associated with SPP/Holidays instead of hard cash in the wallet. I'd much prefer working solid for six months and taking the cash frankly.
I'm speaking to them again tomorrow so will see what happens.
Thanks for your time
Leave a comment:
-
This may be a dumb question but have you told the agent you'd prefer to go with a contract?
They may be doing it this way because they think you'll be less likely to jump ship before the contract ends?
Leave a comment:
-
Fixed term pro rata contract
Hi, first timer here.
The client I am talking to (though an agent) has come back saying they are thinking about offering me a six month fixed term contract pro rata salary £60k (equates to £250 a day). I'd get sick pay/holidays as well. I'd be treated as an employee therefore taxed etc.
I've been told by the agent that the client would potentially move me into permanent employ at the end of the six months and taking the fixed term contract is the easiest way to do this. Obviously this ultimately means not doing contracting. The salary is about twice what I was on before redundancy so no bad thing there.
I don't understand why they don't just offer me a contract at day rate though. I'd be getting to take advantage of tax efficiency, albeit at the cost of no holidays/sick etc, but am not too bothered about that.
Is there generally a reason why a company would offer a fixed term contract like this instead of a day rate?
My prime concern is that after say six months in the fixed term contract I won't have built up enough of a financial cushion if the contract ends. If it was day rate around £350 then after 6 months the cushion would be much better and allow more flexibility.
Anyone got any advice on this?
Thanks in advanceTags: 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
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: