We are pleased to announce the release of the Contractor Pension Calculator.
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Calculate the benefits of a contractor pension.
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Up to 48% tax relief for contractors.
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Convert your taxes to income and reduce the pain of IR35.
Just enter your hourly rate, ir35 status and age and we will do the rest.
Example:
Rate: £40 per hour; inside IR35; age 30
Results:
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The tax man will fund up to
48%
of a pension for you!
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Your current monthly net pay is
£3,056, and taxes are
£1,918.
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You can efficiently contribute up to
£635 per month into a pension, of which the tax man pays
£303.
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For each
£100 contributed, your take home pay only reduces by
£52. The tax man pays the rest!
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Since you are caught by IR35 you can take maximum advantage of pensions.
Do a personalised calculation using the Contractor Pension Calculator.
Published: Monday, July 12, 2004
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