Going freelance (IT Contracting)

System

I have quite a few friends who are contractors - some which I've met through working with them, and know they are good at their jobs. Unfortunately they have been out of work since Nov/Dec time and say that alot of the roles on the job sites are not "real" roles and if there are real ones out there the competition is so high, as so many people applying..

I wish you good luck, but please be careful

oscruft

I started contracting several years ago, and I started with an Umbrella Company first. It eased me into the whole contracting thing before i took the big step to running my own limited company. The take home is not as high as with a limited company, but i was still getting around 40% more each month than when I was employed.

rich_months

40% more? Are you sure you've got your sums right?

ozzage

rich_months wrote: »

40% more? Are you sure you've got your sums right?

It all depends what he was earning as a permie, and what his contract rate is now. Certainly isn't impossible.