An ex-colleague has just been in touch….

Seems like me ex-employer is looking for temporary contractors. Starting at 3 months, but with the potential to go on for 6/9 months or more. It's my old role they're looking to fill and my ex-boss is wondering if I'm interested.

That would mean giving up my part-time bike shop job.

But they'd be paying me about £6k per month.

Hmmm…….

🙄

What's your point?

If you need to ask, you must have a lot of money in the bank, or very low living expenses.

bye bye bike shop

Do three months…and pay someone to do your bike shop job to 'hold it open' for you….

Trouble with contracting is you can be out of a job in a day.

How important is job security to you?

Why did you leave the job before?

what's the job?

almost a years salary in 3 months, drool…………

Don't rush into any decisions you may regret, see if the bike shop will match what they're offering. 😀

almost a years salary in 3 months, drool…………

bear in mind that as a contractor he'd have to pay high rate tax + company tax etc

jeez, that's really scunnered my jealousy that has.

say 4 months then, maybe 4.5

bear in mind that as a contractor he'd have to pay high rate tax + company tax etc

I have no pity what so ever for those taking home £6k a month, however hard they have worked for it. 8)

Do it. Despite the whole place being run by corporate muppets, the reward makes it worthwhile.

If you thought the old lot were bad…

bear in mind that as a contractor he'd have to pay high rate tax + company tax etc

Er, not exactly- you just need a good Umbrella company…

Genks has lost his tea boy?

*rushes CV to teh burg*

Actually do they know your a racist? 😛

druidh – you take the contract, pay me half and I'll keep your till warm at the bike chain for when you need it 😉

I left the old job when they were making redundancies and I got an early retirement package. Mortgage is (all but) paid off and with some careful financial management, we don't really need the extra money. I'm currently thinking that the the old "work to live, don't live to work" adage applies.

No brainer really!

http://www.contractorcalculator.co.uk/ is useful.

Believe that it's perfectly legal to have a company which both owns your bike shop, and contracts you out.

Pay yourself minimal amounts, use rest to fund bike shop start up. Should be pretty tax efficient.

how long since you took early retirement. With my old place there were some rules about how soon you could come back as a contractor.

Retired January 2009, and restriction is 12 months (though they've been known to bend the rules when it suits them).

Do you need a hand packing your stuff?
8)

You know whats right.

You may need all that money seeing as your trade price privileges will cease.

See you in the morning!

😆

6k a month, wouldn't get out of bed for that.

6k a month, wouldn't get out of bed for that.

are you a prostitute?

Technically yes.

😉

Would it cost me more if I wanted you out of bed? 😀

For a fee mate I'll do most things, on an hourly basis with a defined scope. Any scope variations will change the cost. And its excluding GST as I am a legitimate business.

Wouldn't bother; if there were enough reasons to leave in Jan, there are enough reason not to return now in Nov.

Money does sound good, but if mortgage is covered and you have a job to keep you occupied and not starving, why bother with the stress?

work to live, not live to work definitely applies here.

On the flip side, 3 to 6 months through the dark, cold season could see you with a nice little nest egg that will ease the need for careful financial management. I can understand your reticence but money in the bank…?

I agree with Coyote, go for it, its a great opportunity to build experience as a contractor (even doing your old job the mechanics, relationship and experience are different)without any risk and within 6 months it would build a good nest egg, with this experience you could then pick and choose a few contracts as and when you wanted over the next few years so it would provide you and the family more options in the future.

druid – its the nasty financial place isn't it? To hell with them. I walked out a few months back and you'd have to pay me a lot more than £6k a month to go back there. That said, if you're not financially tied (still got 22 years of my mortgage and a 6 week old baby!) its a nice little earner and since the job security won't be an issue……..

That said, its kinda your own tax money you'd be earning back 😉