After the budget each year the inevitable question arises for most workers: How does it affect my income?
You can find the answer to this question at Contractor Calculator by using the free financial calculators for both employees and contractors.
The ‘Effect of Budget’ Calculators can be used for a personal calculation showing you exactly how much your tax and net income increases or decreases due to the budget.
Budget Effect Calculator
To conduct a personal calculation use the calculator below:
Effect of Budget Calculator – Contractor
Other useful calculators
Other calculators that you might find useful are:
Enter your current rate and the net amount you wish to earn each month. It will then tell you the rise you need.
Contract Comparison Calculator
Compare the taxes and net incomes from two different rates.
Calculate your entire financial profile.
Use the internets most popular IR35 calculator to see the effects of IR35.