To use our take home pay calculator, simply enter your hourly or daily rate above and our tool will calculate your pay for you.
The amount of money you’ll be bringing home at the end of each month is likely to be a big factor when choosing how to work as a contractor.
If you’re new to contracting and can’t decide whether to work as an umbrella employee or a limited company director, we have put together a range of useful guides with all the relevant information you need to help you make the right decision for you.
Besides take home pay, it is likely that you will have other questions when it comes to starting your contracting career; for example expenses, the flat rate VAT scheme and IR35 are things that you may like to know about. At SJD Accountancy we have over 28 years of contractor accounting experience, so you can be assured that when you appoint us to be your accountant, you’re in good hands.
If you have any questions about contracting or would like any further advice on take home pay via Limited or Umbrella company options please contact our New business team using the form below or the number above.
Our Customer Promise allows you to appoint us with a complete peace of mind.
The above salary calculator is based on the following assumptions:
- Assignment is outside of IR35
- 19/20 tax and NIC rates
- Flat Rate Scheme for VAT with first year discount applied
- Business expenses are estimated at 5% of net annual invoice total
- Income taken out of the company is only up to basic rate thresholds
- Are a limited cost trader
- Eligible for entrepreneurs relief
- Work 52 weeks per full tax year