Below you will find our 123 Take Home Calculator - 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, as a Sole Trader, through an Umbrella Company, or if you were to stay/return to full time employment.
The 123 Take Home Calculator assumes that you have a PAYE tax code of 1100L for the tax year 2016-17.
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.
|Income Per Day|
|Income from VAT Flat Rate Scheme|
|Employers National Insurance Contributions|
|Annual Use of Home|
|Maximum Dividends Available To Withdraw|
|Total Dividends You Want To Withdraw|
|Ltd Company||Sole Trader||Umbrella||Employed|
|Income From VAT FRS|
|Employers National Insurance|
|Employees National Insurance|
|Total Tax Paid|
|Tax as Percentage of Contract Value|
This information is for general information only. We take no responsibility for any action taken or refrained from in consequence of its contents. Always seek our professional advice specific to your circumstances before acting.