Your Details
Your Details | Rate | £63 |
Rate Type | Hourly | |
Hours per week | 37.5 | |
Days per week | 5 | |
Weeks per year | 44 | |
Salary | £8,000 | |
Legitimate section 98 expenses | £3,000 | |
Pension contributions | £0 | |
Other income | £0 | |
Tax code | 1257L | |
Personal Income | Net Annual Income | £56,931 |
Net Monthly Income | £4,744 | |
Company Income | Contract revenue | £104,499 |
Other income | £0 | |
Total revenue | £104,499 | |
Company Expenditure | Allowable Expenses 5% | £5,224 |
Employers N.I. on salary | £0 | |
Salary | £8,000 | |
Legitimate section 98 expenses | £3,000 | |
Pension contributions | £0 | |
Total expenditure | £16,224 | |
Net Result (Effective Income) | £88,274 | |
Additional Employers NI Due 19th April | £11,547 | |
Deemed payment | £76,727 | |
Tax Calculations | Taxable Income (salary + deemed payment) | £84,727 |
Employees NI | £0 | |
PAYE | £0 | |
Additional Employers NI | £11,547 | |
Additional Employees NI | £6,472 | |
Additional PAYE | £21,323 | |
Extra tax payable on 19th April | £39,343 |