We are pleased to announce the release of the Contractor Pension Calculator.
-
Calculate the benefits of a contractor pension.
-
Up to 48% tax relief for contractors.
-
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:
-
The tax man will fund up to
48%
of a pension for you!
-
Your current monthly net pay is
£3,056, and taxes are
£1,918.
-
You can efficiently contribute up to
£635 per month into a pension, of which the tax man pays
£303.
-
For each
£100 contributed, your take home pay only reduces by
£52. The tax man pays the rest!
-
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