Average rates for IT Contractors are around £425 a day. In some sectors, such as in banking, or anything connected to the stock market, contract rates are even higher.
Contractors normally use personal service companies or umbrella companies but some use offshore umbrella companies or limited partnerships.
Unfortunately Governments are making it much harder to operate as contractors nowadays and want to tax contractors as permanent employees – without any of the benefits.[caption id="attachment_841" align="alignnone" width="275"] IT Contractors and their careers[/caption]