stubbsy05
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Registered: 23rd Oct 02
User status: Offline
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How do you find it compared to Permanent work?
I'm willing to work in London and enjoy change of work as it keeps me motivated.
Any major cons?
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Whittie
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Registered: 11th Aug 06
Location: North Wales Drives: BMW, Corsa & Fiat
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Doing what though mate?
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James
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Registered: 1st Jun 02
Location: Surrey
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I did it for a bit.
Cons:
No career progression
No bonuses/benefits
No paid holiday
No paid sick leave
Usually get less respect than permanent employees
Rarely at a company long enough to make good friends etc
Pros:
Money
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James
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Registered: 1st Jun 02
Location: Surrey
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You going to set yourself up as a limited company or go through an umbrella company?
u2u me if you need to know anything, watch out for IR35 too.
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stubbsy05
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Registered: 23rd Oct 02
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Set myself up at a ltd company.
Contracting in Server support, desktop support etc. Service mgmt and so on.
The guy who I work with does exactly the same job and is on over twice my salary as he is a contractor!
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willay
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Organiser: South East, National Events
Premium Member
Registered: 10th Nov 02
Location: Roydon, Essex
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is the other guy the same age and experience as you too?
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willay
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Organiser: South East, National Events
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Registered: 10th Nov 02
Location: Roydon, Essex
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another con is you have no job security, they can normally fuck you off with very very small notice.
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James
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Registered: 1st Jun 02
Location: Surrey
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quote:
Originally posted by willay
another con is you have no job security, they can normally fuck you off with very very small notice.
Yeah forgot that one, that's quite a big one. TBH you need a lot of experience to be successful in contracting.
Companies take on contractors because they want someone who can do the job, they don't care if you run the local stamp club or do charity work etc, all they care about is how many years experience you have in the role.
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willay
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Organiser: South East, National Events
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Location: Roydon, Essex
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I reckon in the roles Alex is mentioning (support) he may well find it quite hostile with other staff, if he was doing project work for example (heres the spec, go do it) then it wouldnt be so bad imo.
Contractor may be getting more but remember hes got costs to sort out, tax forms to fill out, companies to pay if hes under an umbrella and stuff... theres alot more to it then OMG CONTRACTOR MAD MONEYS
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Robbo
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Registered: 6th Aug 02
Location: London
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No pension
IR35 will often wipe out any tax benefits you think you may get
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Conway563
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Registered: 7th Jun 06
Location: Yate, Bristol
User status: Offline
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Im getting out of contracting as although the money's better I hate not being able to take a day off and all the pissing about trying to get paid
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James
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Registered: 1st Jun 02
Location: Surrey
User status: Offline
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quote:
Originally posted by Robbo
No pension
IR35 will often wipe out any tax benefits you think you may get
Not necessarily, there are things you can do to increase your chances of not getting hit by IR35.
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John
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Registered: 30th Jun 03
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Employed by your own Ltd company, take minimum wage, claim back tax on everything you can, some voodoo with dividends and loans and voila.
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Daniel_Corsa
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Registered: 21st Apr 04
Location: Wigton, Cumbria
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I work in a school so contract myself out for the holidays, usually to the same company mind so not as bad as changing companies week in week out!
More ££,£££ by far
No gurantees of work,
Not there long enough to get familliar with their systems, setups
I couldn't do it full time, too much hard work finding work, I'd rather take a pay cut and be in the same place day in day out!
Not having the extra stresses
April '06' Corsasport Feature Car  | Aug '08' Total Vauxhall Feature Car | Spring '09' Fast Car Feature Car
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Brett
Premium Member
Registered: 16th Dec 02
Location: Manchester
User status: Offline
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quote:
Originally posted by Alex.S
The guy who I work with does exactly the same job and is on over twice my salary as he is a contractor!
Is that definite? Have you actually sat down and worked out both pays after holidays, etc.
He may get paid more an hour, but i'm betting with sick pay, holiday pay, benefits, you're more than likely equal.
Contracting is only great for people who love to put mega hours in, are never sick and never go on holiday.
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stubbsy05
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Registered: 23rd Oct 02
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quote:
Originally posted by willay
is the other guy the same age and experience as you too?
He's 32 and I'm 23.
I've got 6 years experience at the moment.
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Robbo
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Registered: 6th Aug 02
Location: London
User status: Offline
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quote:
Originally posted by James
quote:
Originally posted by Robbo
No pension
IR35 will often wipe out any tax benefits you think you may get
Not necessarily, there are things you can do to increase your chances of not getting hit by IR35.
Very few tbh unless you are flitting between jobs on a regula rbasis
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Robbo
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Registered: 6th Aug 02
Location: London
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quote:
Originally posted by John
Employed by your own Ltd company, take minimum wage, claim back tax on everything you can, some voodoo with dividends and loans and voila.
Yeah they still try and pick up on people who do that these days... that used to eb the stone clad wya to get around it
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willay
Moderator
Organiser: South East, National Events
Premium Member
Registered: 10th Nov 02
Location: Roydon, Essex
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quote:
Originally posted by Alex.S
quote:
Originally posted by willay
is the other guy the same age and experience as you too?
He's 32 and I'm 23.
I've got 6 years experience at the moment.
right.... and how much experience has he had?
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stubbsy05
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Registered: 23rd Oct 02
User status: Offline
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quote:
Originally posted by willay
quote:
Originally posted by Alex.S
quote:
Originally posted by willay
is the other guy the same age and experience as you too?
He's 32 and I'm 23.
I've got 6 years experience at the moment.
right.... and how much experience has he had?
12 years at a guess, but we're doding exactly the smae job atm
[Edited on 13-05-2008 by Alex.S]
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willay
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Organiser: South East, National Events
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Registered: 10th Nov 02
Location: Roydon, Essex
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Doesnt matter mate, experience is key, hes got double the amount of experience than you hence his pay, plus hes older and possibly (possibly) got more financial commitments to meet than you.
Could you hack the commute into the city? its shit 
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Fro
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Registered: 20th Jun 06
Location: Rainham, Essex Drives: A3 2.0TDi Sport
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quote:
Originally posted by willay
Doesnt matter mate, experience is key, hes got double the amount of experience than you hence his pay, plus hes older and possibly (possibly) got more financial commitments to meet than you.
Could you hack the commute into the city? its shit
Agree with you there mate  2 hour round trip on the shitty underground
[Edited on 13-05-2008 by fro-dizzle]
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willay
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Organiser: South East, National Events
Premium Member
Registered: 10th Nov 02
Location: Roydon, Essex
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2 hour round trip is fine mate, mine is an hour door to door, but coming from norwich is going to be long++++
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stubbsy05
Member
Registered: 23rd Oct 02
User status: Offline
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quote:
Originally posted by willay
Doesnt matter mate, experience is key, hes got double the amount of experience than you hence his pay, plus hes older and possibly (possibly) got more financial commitments to meet than you.
Could you hack the commute into the city? its shit
My aunt and uncle live in Zone 3 South London. I'd sty there Mon-Fri.
He reckons he could hook me up with some contracting jobs paying a nice wage so its something I'm seriously thinking about doing.
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