What would be the permanent salary equivalent for the contracting pay?

[stit]

If one is open for both contract and permanent, how to arrive at equivalent pay?

Suppose we put 400/day inside IR35 on contractor calculator, we get below calculation :

• Contract outside of IR35:
  • Net monthly income is around £5,096
  • Permanent salary required is £90,470
• Contract inside

...

[JasperL]

Hi all,

Looking for some guidance and would appreciate your thoughts.

I'm a Dutch national and have lived in the UK for 3 years now. I have a pre-settled status and no National Insurance number. I'm a freelance IT consultant and my limited company is based in the Netherlands....

[VipinServices]

Hi experts,

I need your help urgently to make a contract structure. I am consulting/contracting from last 4 years from my Limited company (e.g. ABC Limited). I got a client who want to associate with my Limited company for a milestone based delivery model. It is going to be a big peace...

[SJ8812]

Hi, hoping there might be some on here able to offer an opinion..

I’m a mechanical engineer in the shipbuilding industry with 6.5 years of graduate level experience and I’m looking for a bit of advice on my present situation so apologies for the long post. I’ve moved around a...

[Sologuest]

Govt committee on IR35 is calling for evidence from organisations and individuals. Let's do our part in spreading awareness and submitting evidence. To me the fact that Clients are putting blanket inside IR35 for all roles and refusing to work with PSC altogether is an indication that this isn't well...

[fatbadger]

Hello

I've never contracted but I've been offered a 12 month contract on £50/hr so £400/day making = 40 h x £50 x 46 weeks (i.e. knock off 6 wks hols) = £92k
For a newbie to all this that sounds a lot, but having read a few posts perhaps not?? I just want to check your thoughts?...

[londondeveloper]

TL;DR;
I liquidated my LTD company and went for a permanent position. Unfortunately, it did not work out and I want to go back to contracting, but I can't open a new LTD for 1.5 year. What are my options?

I was a contractor for many years and around 1.5 year ago I decided to try...

[Ron@Clever Accounts]

Hi all,
A great blog post for those of you who have just started contracting, or trying to decide whether it's the right career path to go with?

Alex is a freelance software engineer who's been contracting in Europ for the past ten years.
He talks about some essential personality...

[contractor2013]

Coming up on two years with current client, finding the market really quiet compared to two years ago. E.G. Same handful of CV-gathering jobs on main sites by a handful of recruitment agents; nothing much happening at Tier 1 Investment Banks; most jobs seems to be on the Asset Manager / Insurance /...

[mav2005]

I am an IT contractor with a UK limited company and planning to sub contract some work to other consultants.
Would I still make a profit with a mark up fee of 20%?
So, if I pay the sub-contractor say £500/day and I charge the client £600/day (20% mark up), would I still make a profit...

[jrshubrook]

Hello,

This is my first post so I hope this is helps people who are in need of the same information.

I am looking to set up a limited company. I have been offered a day rate of £120.

To make the most from Tax and NI exemptions I have opted to set up a ltd company....

[PMPhil]

Hi All,

I'm a long time reader however first time writer on this forum!

I have been a permanent SAP PM for a while now and have decided to take the step into contracting. I have decided to move forwards with a contract in Barcelona and have done some research about living/registering...

[Ronieb]

Hi everyone,

I'm a resident of Northern Ireland wanting to start as a contractor in the Republic of Ireland. My intention is to rent an apartment in Dublin while I keep my main residence, here in Northern Ireland.

I'm completely new to contracting and I'm read up on how...

[Ermis33]

Hi there,
I have recently given a contract in Sweden and I'm looking for a management company to assist me with the taxing issues. I came across Tupil contractor that they suggest a high retention rate. But I'm a bit cautious about how legitimate they are....
Do anyone have any experience...

[PortSalutBoss]

Hello fellow contractors,

I hope you had a fantastic bank holiday. I’m a long time contractor and first time poster and I have decided to do something a bit different. I’ve worked with all sorts of recruitment companies, some great, some average and some terrible. When researching...

[blackeye]

I'm interested in hearing peoples views on this topic.

I've had been looking for a new contract for about 3 months and like all of us, had endless waste-of-time calls fishing for information or trying to pitch perm roles they can't fill on the market. I worked my ass off to perfect my...

[SeanIT]

More a lurker than a poster... I am going start a contract role and will be going through Giant. Does it make a difference if I opt in or opt out of conduct regulations as I will be employed by Giant Umbrella? If there is a difference, which is best and why? Also what would the consultancy employing...

[Clement]

Hi,
I am French and I plan to maybe immigrate in UK in the next few months/years and I currently work as contractor in France ("Limited Company" type).
I want to have a first experience in UK before actually moving in completely. Is there any issues against contracting a UK...

[comcontractor]

Hi,

I have an employee of a multination company. I have been made redundant from them now. My salary from this employment has been 33,000 GBP for 2015/2016.

I am about to start contracting via a limited company. I would be its sole director. I would be working from home....

[Newcontractor2015]

Hi folks

I was wondering if I may get a general overview of contracting, as I am seriously considering it. What are the pro's and con's etc. how do I get paid and which agencies are best?

I am a newly qualified doctor, and I have been given advise, however I would like...

[HannahL]

I’m a journalist working on a TV documentary about the changing world of work in the UK. I’m hoping to speak to people who have become self-employed in recent years to ask them about what their experiences have been. I’m particularly interested in talking to people who feel that they had little...

[Prabs91]

Firstly apologies for the vague heading, I am interested building my experience as a BA in perm roles over the next 3-4 years and then hopefully break into the contracting market, I understand that daily rates change with supply/demand. For those of you that have been in the industry may I ask how you...

[Contracting Carrie]

Hi everyone, I'm new to contracting (and this forum) after taking voluntary redundancy and as always the way for me, there is extra confusion to get my head round.

The main question I have is in relation how to set up - go limited or through an umbrella. I realise there are many posts...

[rocktronAMP]

Hi All

I was last contracting in 2007 for a small financial services software house near Tower Hill in London, then I went to a British investment banking as a permanent employee. I got made redundant in 2010, year after the ill-fated merger(!), which the then government approved to save...

[albert101]

Hi,

I'm a contractor working for an IT company in Brussels and I have a Belgian freelance contract.

My accountant told me, in order to pay less taxes, I could subcontract about 30-40% from my salary if I find another person from my home country who is also having a freelancing...

[jlo1983]

Deleted

[New2011]

Hi All,

I am quite new to contracting still. I run a ltd company.

What I wanted to know was, what things can you show you have control within a Contract?

• Do I need emails for every task my client gives me and set myself a deadline for each task to show i have control?

...

[nerdess]

I do have a German passport but have worked for the last couple of years as a contractor in the UK via my own Limited.

For my next contract I will be based in Berlin and quite likely I will continue contracting in Germany after that for one or two years.

I'd like to keep...

[ibum]

Does anyone know any contracting agencies that specialise in mainframe technologies - COBOL/DB2/IMS/CICS, etc?

[borstein]

How do you all feel about contracting work for startups, especially fixed-price for a piece of work (as opposed to day rate)? I'm doing a 15 day piece of work, except that it's fixed budget, so I have to finish the work whether it takes 15 or 20 days, and no extra money for the extra work. And of course...

[New2011]

Its my first week in contracting. Its going ok. I would like you know any tips on building relationship between yourself and the client so I could secure an extension?

Furthermore is it good building relations with the clients employees?

[ings]

Does anyone have any experience of contracting in Portugal? If so, how did you pay yourself whilst there?

I'm going to be offered a 12-18 month contract there, and will resident in Portugal during the contract. I've seen some umbrella companies offer standard PAYE packages, but that's...