Your results
- First salary: Salary = £50,000
- Annual NI = £4,270
- Annual PAYE = £9,403
- Annual net income = £36,326
- Monthly net income = £3,027
- Second salary: Salary = £51,000
- Annual NI = £4,290
- Annual PAYE = £9,803
- Annual net income = £36,906
- Monthly net income = £3,075
- Difference in salaries is £1,000 (2% increase).
- Difference in net monthly income is £48 (1.6% increase).
Solutions for Contractors:
Check your IR35 Status for FREE
Use IR35 Shield to check your status NOW!
