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Discussion on: Those of you who've worked as a contractor and as a full-time employee, which did you prefer?

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garyk2015

The big choice you typically make is weighing up the benefits of permanent employment; holiday pay, sick pay, training, career progression vs earning less than a contractor.

Depends where you are in your career, if you are early on then I think being perm means you can take advantage of career progression. I would say thats the biggest thing you forgo.

Also you need to factor in now the whole IR35 legislation. You are effectively taxed as a permanent employee but with none of the benefits. This has made a huge difference to the contract workplace, contracts do exist that are deemed outside but they are not as common as inside roles. You will have to work through an umbrella company and I know a couple of these got hacked recently and contractors didnt get paid for weeks/months even.