I have tried 3 online IR35 calculators and each one tells me a different take home pay - a £2k difference from lowest to highest take home pay calculation!
I have tried to come up with it myself but i am likely wrong - can you help me?
Rate = £550pd
Employers NI = £75.90 (13.80%)
Apprenticeship Levy = £2.75 (0.5%)
Giant Fee Payer Solution Margin = £5.50 (1%) - They are a fee payer solution which will deduct the Employers NI and Apprenticeship Levy and their own 1% fee before I receive my money into my Ltd company.
Rate post-above fees = £465.85pd
Per week = £2,329.25
Per Year = £107,145.50 (counted as working 46 weeks in the year)
With the above calculated, would i just simply dump this yearly figure into listentotaxman and whatever stated in their will be my final yearly pay? or have i missed calculated the stuff above? missed something else? completely incorrect?
I have tried to come up with it myself but i am likely wrong - can you help me?
Rate = £550pd
Employers NI = £75.90 (13.80%)
Apprenticeship Levy = £2.75 (0.5%)
Giant Fee Payer Solution Margin = £5.50 (1%) - They are a fee payer solution which will deduct the Employers NI and Apprenticeship Levy and their own 1% fee before I receive my money into my Ltd company.
Rate post-above fees = £465.85pd
Per week = £2,329.25
Per Year = £107,145.50 (counted as working 46 weeks in the year)
With the above calculated, would i just simply dump this yearly figure into listentotaxman and whatever stated in their will be my final yearly pay? or have i missed calculated the stuff above? missed something else? completely incorrect?
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