Our Contractor Calculator shows how we can help you take home up to 90% of your gross pay
We’ll send you a FREE Contractor tax illustration, showing you how much you could save per year with Contractor Tax Calculator.
We’ll send you a FREE Contractor tax illustration, showing you how much you could save per year with Contractor Tax Calculator.
We aim to grow our business via referrals and to do this we have to offer a great service to our existing clients
Tried and tested strategy with case law to support it
The tax planning isn’t visible to your Agency or Client so is kept private to you
As an employee of our umbrella company you don’t have to worry about IR35
Highest level support offered
Satisfies Agency and Client requirements
Market-leading rates
Begin the process in minutes with our online application form
One-to-one personable service
No additional charges to receive your own money
Do you pay lots of tax or have the hassle of running a ltd company and still pay lots of tax? Are these my only contractor pay options?
At Contractor-Tax-Calculator the answer is a resounding no! We can show you how to reduce administration and experience up to 90% contractor take-home pay.
When an individual begins looking at how they will be paid, they usually have only three options available to them:
Agency PAYE
Some agencies (not all) offer a payroll option for contractors.
If you do happen to be working for an agency that will pay you through their payroll then your entire income will be subject to full PAYE and National Insurance contributions. You will not be able to offset any expenses against your income even though you will likely incur them.
Take-home on £400 a day will be circa 55%.
Umbrella PAYE
An Umbrella Company is a company that will act as an employer to you.
The Umbrella Company option is not a very tax-efficient option. You are not able to claim expenses, meaning all of your contract income is subject to Tax and National Insurance.
Take-home on £400 a day will be circa 50%.
Ltd Company
Assuming you are deemed outside of IR35 you are able to take dividends from a Ltd Company. While this brings with it the need for an accountant and more administration than the other options, however it is more tax-efficient.
Take-home on £400 a day will be circa 67%.
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