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Contract rates in London are really rather good, at least in my particular little world (ops/"devops")... Really, we're talking minimum 500gbp/day and there is

Contract rates in London are really rather good, at least in my particular little world (ops/"devops")... Really, we're talking minimum 500gbp/day and there is so much work you can quit a contract and have another within hours....

lispm 10y ago
that does seem to be rather low for an expensive city and a falling currency.
- cyberpunk 10y ago
  That's an avg of 10k a month, then add 6% on that if you're on flat rate vat scheme. Take off 20% if you don't have a ninja accountant and with the (now sadly, over) dividend rules and such you're still looking at a pretty healthy 8-9k take home a month.. Even in london where a 2 bed 30 mins from the center is about 2k/month that's not exactly hard living is it?
  - lispm 10y ago
    As I said 500gbp/day is not much. I see a lot of IT people earning this is Germany, especially in the Devops field. With something like that you would get an average qualified person hired in, say, Munich.
    - passiveincomelg 10y ago
      That is my impression as well. My rate is currently around 445gbp/day for backend development in Berlin and it is far from being at the high end (according to a yearly survey run by gulp.de). My total monthly expenses including rent, health insurance, etc. are below 2k gbp. I do pay higher taxes though.
      - shiz 10y ago
        TIL I basically work for free. But then again, I hardly do any work, so it seems to even out in the end.
      - cyberpunk 10y ago
        What's the situation like there with having your own business vs as things are here with a uk ltd company, or do you work via an umbrella corp?
        passiveincomelg 10y ago
        As far as I know, setting up a "UG" is easy enough. I'm registered as a freelancer ("Freiberufler") with the tax authorities. I guess that's like a sole proprietor? Upside is that I don't pay corporate tax (because there's no corporation). Downside is that I pay taxes on all my income instead of keeping most of it in the corporation.

lispm 10y ago

that does seem to be rather low for an expensive city and a falling currency.

cyberpunk 10y ago
That's an avg of 10k a month, then add 6% on that if you're on flat rate vat scheme. Take off 20% if you don't have a ninja accountant and with the (now sadly, over) dividend rules and such you're still looking at a pretty healthy 8-9k take home a month.. Even in london where a 2 bed 30 mins from the center is about 2k/month that's not exactly hard living is it?
- lispm 10y ago
  As I said 500gbp/day is not much. I see a lot of IT people earning this is Germany, especially in the Devops field. With something like that you would get an average qualified person hired in, say, Munich.
  - passiveincomelg 10y ago
    That is my impression as well. My rate is currently around 445gbp/day for backend development in Berlin and it is far from being at the high end (according to a yearly survey run by gulp.de). My total monthly expenses including rent, health insurance, etc. are below 2k gbp. I do pay higher taxes though.
    - shiz 10y ago
      TIL I basically work for free. But then again, I hardly do any work, so it seems to even out in the end.
    - cyberpunk 10y ago
      What's the situation like there with having your own business vs as things are here with a uk ltd company, or do you work via an umbrella corp?
      - passiveincomelg 10y ago
        As far as I know, setting up a "UG" is easy enough. I'm registered as a freelancer ("Freiberufler") with the tax authorities. I guess that's like a sole proprietor? Upside is that I don't pay corporate tax (because there's no corporation). Downside is that I pay taxes on all my income instead of keeping most of it in the corporation.