NI/PAYE Calculator

Results:

  Umbrella Limited in IR35 Limited
Total Income
Income Tax
Employees National Insurance
Employers National Insurance
Total National Insurance
Corporation Tax
Total Tax
Average Tax
Net Income After Tax
Est. Improvement Over Umbrella  
This calculation was provided by Intouch Accounting, ContractorUK’s Calculator Partner. 

 

ContractorUK has provided you with a NI/PAYE calculator in order for you to calculate PAYE/NI on the salary that you pay yourself out of the limited company's turnover. It is common for contractors to pay themselves a very low salary to keep income tax and NICs to a minimum, taking the remainder of their income as dividends. For more on NI, PAYE and other business taxation please click here.

By Laura Foster