Going self employed from BG

[Murdoch]

My actual base salary is 35.5k but because I get a non pensionable suppliment and London weighting it's actually 39.5k as salary. The rest I earn in weekends, on call, sales, OT and rest day servicing.

That's on the current contract, so you can see why we are fighting for it.

The new one takes away the non pensionable suppliment and London weighting. Also the rates of pay for the extras is massively reduced. We will also be doing 3hrs extra a week and have a new performance metric we have to hit or else we loose out on pay and holiday.

Also the sick pay and holiday is being changed for the worse. All in all not worth being there anymore. I've seen jobs online for independent firms offering better.

It's a shame because I've had 10 good years, you get the occasional *******, but it's easy money once your in, almost impossible to get rid of you...well until now.

don’t underestimate the value of the employers pension contribution either

 

[Chuck]

don’t underestimate the value of the employers pension contribution either

Pensions are a very big cost at the moment.

IMO one of the first things someone setting up as self-employed needs to do is get an accountant who does small business work. Pension provision should be an early topic for discussion. Also, if you are hoping to sell the business when you retire that needs planning too.

 

[EvilDrPorkChop]

My actual base salary is 35.5k

It'll take a lot of work and graft to earn that after all your running costs. Not saying it isn't doable, but doesn't sound like your on a bad earner either at BG.

 

[Chalked]

after taking costs like van, public liability, fuel, holiday pension pay, your own gas safe etc. You will need to make about £50k profit a year to earn that.
take your odd jobs for mates and BG looks a decent place to stay. Even if it’s not as good as it was.