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.
|Umbrella||Limited in IR35||Limited|
|Employees National Insurance|
|Employers National Insurance|
|Total National Insurance|
|Net Income After Tax|
|Est. Improvement Over Umbrella|