| I think a lot of people, especially @jangosteve, mistake freelancing for contracting. I've been in London for 6 years, I've contracted for 5 of those (architect position at the BBC was "only available is it was full time". In hind sight, I shouldn't have taken it). I've been out of work for a total of 6 days in 6 years (took a week to get a contract after a 3 month holiday). I started my first contract within 6 days of landing in the country (nothing prearranged) Freelancing is when you go from short term contract to short term contract, or you quote/bid for work. They can be 2-5 days a week, for maybe a month or less. For that I agree you need to pimp yourself like @jangosteve says, because you are moving so much. You are basically a 1 (wo)man consultancy. I don't do this (except for my "on the side" mobile stuff). Too inconsistent. But if you are a back-end dev (or front end, just to a slightly lesser degree) you can stay in the same place for _years_, or until you get bored of it. 3-6 months is a normal minimum, at least in the .net space which I'm in. Unless you are useless. Then you're likely to get turfed out quickly. Where I am at the moment, I've been there for 3 years (nearly). Last place I was there for 2 including some as a full timer. I've done moonlighting (apps, websites) at the same time. One of the guys I work with has been there for 8 years. I'm sure HMRC should have something to say about it, but no one is looking. I'd normally want to move on after 2, just to keep fresh, but I do the same with FT jobs. I'd be very hesitant about taking a FT position anymore. You can be fired with 1 months notice, and you get 4 weeks holiday, and maybe 75% of the wages _with tax removed before you get it_. Contracting, I get no notice (this has only happened once when the customer literally ran out of money), but usually 28 days. I don't get paid if I'm sick, but I keep myself healthy and allow for 2 weeks sick and 6 weeks holiday a year. I have insurance to cover if I get REALLY sick. I usually take closer to 8 weeks holiday a year. Sometimes between contracts, sometimes during them (usually during, but not at the same time) For me, contracting is an easy way to work. The paperwork overhead with a system like freeagent is TRIVIAL if you have a half decent accountant (cough mine is great cough maslins.co.uk). Make sure you have a bit of a buffer in case you DO have issues getting work or a client pays late (if they pay late consistently, fire their arse) So:
1. Get a limited company, and a good accountant
2. Get indemnity insurance (you need it anyway)
3. Get used to being called by recruiters who you'd like to slap with a fish
4. DO IT |
The way you're using the term "contracting" is not the way everyone does. What you're talking about is short-term, fixed-term contracts, and otherwise sounds a lot like disguised employment, and as you mentioned HMRC might have something to say about that if they had time. However, there are plenty of other models for contract work that don't have the structure and limitations you described but are still clearly contracting rather than employment.