PayScheme+

A leading UK website for contractors and freelancers | Updated:Tue, 02 Dec 2008, 00:01 GMT

Contracting Calculator - Results (inside IR35)

Reduce TaxREDUCE TAXES

Outside IR35?

Convert taxes to savings. Up to 48% tax relief.

Find out more...

  • Your gross annual revenue is £41,250
  • Deducting your expenses of £ 2,062 results in a profit of £ 30,118
  • Total taxes are £11,815, which is 28% of your company revenue
  • Your net annual income is £ 24,371, and net monthly income is £ 2,030
  • To earn the same via permanent employment would require a salary of £32,702.

Other relevant information:

Show company calculations

Show permanent calculations

Solutions for Contractors:

Norla Group: Umbrella Payroll and Accounting Solutions for Contractors

Sanzar Payment Solution: Retain minimum 85% of contract value, with no IR35 concerns.

PayScheme+: Tax efficient IR35 solutions. Up to 87% of contract value.

D J Colom Accountants: Established firm offering limited company and umbrella solutions.

Parasol: Award winning customer service. Excellent returns. FREE insurances.

Atlantic Umbrella: Service driven and tax efficient. Pays on timesheets.