The 123 Income Illustrator

Business Structure Review

Below is the 123 Income Illustrator - this shows you what you can expect to take home from a given contract. It also compares the differences between freelance contracting through your own Limited Company, through an Umbrella Company, as a Sole Trader or if you were to stay / return to full time employment.

The 123 Income Illustrator assumes that you have a PAYE tax code of 747L for the tax year 2011-12.

The results should be taken as an indication of your income - every persons tax position is different, for a more detailed forecast please call us on 0845 834 0269.

VAT Flat Rate Scheme percentages - click here.

You only need to fill in the Orange boxes.

Running a Limited Company

Being a Sole Trader

Calculators

FAQs

About us

Running a Limited Company

Contractor Expenses

Freelance

Freelance Case Study

Limited Company Accounts