Contractor Pay Calculator

And Nothing Fishy About It…

 

Calculate how much you could earn as a contractor

As a contractor, you can benefit from a higher income than employees locked into permanent contracts.

When you set up a limited company, you’ll be able to maximise your income further by claiming tax relief for business-related expenses. This reduces your taxable income and means you pay less than a traditional employee (you can even claim your accounting fees as a business expense).

Use our calculator to find out how much of your pay you could take home as a contractor, then give us a call when you’re ready to set up your limited company and we’ll do this for you, free-of-charge.

You could earn over £51,748 per year after tax

As a contractor, you can claim more expenses than the average employee. When you form a limited company you can maximise your income even further by paying yourself through a combination of salary and dividends.

What expenses can I claim as a contractor?

There are a wide range of expenses you can claim as a contractor and even more when you form your own limited company. Examples include business-related travel costs, computer equipment and even your accounting fees.

Caught by IR35?

If you’re caught by IR35 legislation, we can still help you take home more of your income.

Why not have a chat with one of our friendly team?

Click here