Deemed Payment Calculator - Results
Your results
| Your Details: | |
|---|---|
| Hourly rate | £25 |
| Hours per week | 37.5 |
| Weeks per year | 44 |
| Salary | £8,000 |
| Legitimate section 98 expenses | £3,000 |
| Pension contributions | £0 |
| Other income | £0 |
| Tax code | 1257L |
| Company Income: | |
| Contract revenue | £41,250 |
| Other income | £0 |
| Total revenue | £41,250 |
| Company Expenditure: | |
| Allowable Expenses 5% | £2,062 |
| Employers N.I. on salary | £0 |
| Salary | £8,000 |
| Legitimate section 98 expenses | £3,000 |
| Pension contributions | £0 |
| Total expenditure | £13,062 |
| Net Result (Effective Income) | £28,187 |
| Additional Employers NI Due 19th April | £3,418 |
| Deemed payment | £24,769 |