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The downside of contracting though is that the work is typically the work full-time employees don't want to do. You gain in flexibility, but lose in enjoyment -
by phphphphp 5y ago
The downside of contracting though is that the work is typically the work full-time employees don't want to do. You gain in flexibility, but lose in enjoyment -- enjoyable contracts are a minority. Specific to the point on finances: there's typically 250 billable days in a UK year so £600/day is £150k/year. There are tax benefits to contracting, so it's not a one-to-one relationship, but £150k/year salaried is better than £600/day for most people.
- cutthegrass2 5y agoI agree. I left £800pd for £150k salaried for work interest reasons mainly, but tbh I haven't noticed the reduction in monthly income at all.
- tennis_sort 5y agoYeah you're right there. 150k salary is better than a £600 day contract. £150k per year is tricky to find for salaried positions as a dev. They exist but not as visible (to me at least) compared to the contract equivalents. The enjoyment side is something I hear mixed opinions on. There are plenty of "disguised employment" type contracts in the UK that just go to contractors for rarer skill sets. YMMV.