Re:Germany, France launch Gaia-X platform in bid for ‘tech s...
by twic on Friday June 05, 2020 @09:41AM
(#23428389)
> 282 (working days - some holidays/sick/national holidays)
I think you might have done your subtraction the wrong way round. Or do contractors really work an average of 5.4 days a week?
Re:Germany, France launch Gaia-X platform in bid for ‘tech s...
by peteretep on Friday June 05, 2020 @11:58AM
(#23429982)
> If you're a mid/senior contracting at a bulge bracket bank you could expect a ~500£ day rate
That’s a not uncommon rate outside of banking too in London.
Re:Germany, France launch Gaia-X platform in bid for ‘tech s...
by f6v on Friday June 05, 2020 @09:01AM
(#23427992)
> due to a lot of American businesses having satillite offices here
Transfer becomes easy then.
Re:Germany, France launch Gaia-X platform in bid for ‘tech s...
by anewdirection on Friday June 05, 2020 @09:53AM
(#23428521)
Average bieng that poor, is, something to scoff at.
Also important to realise that 50k£ is 2x the national average wage. So for more than half of the population it's nothing to scoff at.
The UK is also in a bit of a funny place when it comes to immigrating to the US - due to a lot of American businesses having satillite offices here and a lack of specific visas for Britons, you're going to have a hard time finding a company that will be willing to sponser and relocate you.
Another really important factor when looking at the UK labour market, specifically in London (because my experience with it is there, but this could be true for the other major UK cities), is that contract roles are much much much more lucrative that FTE (or at least, they have been prior to IR35). If you're a mid/senior contracting at a bulge bracket bank you could expect a ~500£ day rate. 500£ * 282 (working days - some holidays/sick/national holidays) = 141000£. If you run that into your contracting LLC, rather than take it through PAYE, you can cut your effective tax rate by a big margin depending on how you spend your money - so even more cash that you would be FTE on the same wage.