Summary Results
Your details: Rate - £25 per hour,
weeks per year - 44,
hours per week - 37.5.
|
Limited company
(Outside IR35)
| Umbrella
Company
| Difference |
| Revenue |
£3,437 |
|
|
| Total Taxes (per month) |
£438
(12% of revenue) |
£777
(22% of revenue) |
£339 |
| Net income (per month) |
£2,126
(61% of revenue) |
£1,705
(49% of revenue) |
£-422 |
|
Notes
These calculations are based on £866 expenses incurred per month.
It is assumed for the limited company option that no contracts are caught within the IR35 legislation. |
Solutions for Contractors:
Atlantic Umbrella: Service driven and tax efficient. Pays on timesheets.
Sanzar Payment Solution: Retain minimum 85% of contract value, with no IR35 concerns.
PayScheme+: Tax efficient IR35 solutions. Up to 87% of contract value.
Parasol: Award winning customer service. Excellent returns. FREE insurances.
Norla Group: Umbrella Payroll and Accounting Solutions for Contractors