Your results
- Your current net monthly income is £2,976
- Avoiding IR35 would increase your income by £688 (23%) to £3,664
- Increasing your rate by £10 (31%) to £45, earns you the same as someone outside IR35
- You can take an IR35 compliant contract for £6.56 less and still receive the same income
- If you avoided IR35 and took an extra 11 weeks holiday you would still earn the same
- To get the same income via permanent employment would require a salary of £46,514
Show calculations for if my contract was outside IR35
Understand the impact of IR35 on your NET income
NOTE: The tax calculations under the new Off-Payroll legislation are different, and not as high for the contractor. Please use our Off-Payroll Calculator if you wish to calculate your tax under the new legislation.
Other relevant information:
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