Relevant life insurance for contractors

The UK's leading contractor site. 200,000 average monthly visitors.

Support ContractorCalculator

Contribute Membership

Company Calculations - Inside IR35

Your Details

Your Details Rate £287
Rate Type Daily
Hours per week
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 1250L
Personal Income Net Annual Income £38,191
Net Monthly Income £3,182
Company Income Contract revenue £63,250
Other income £0
Total revenue £63,250
Company Expenditure Allowable Expenses 5% £3,162
Employers N.I. on salary £0
Salary £8,000
Legitimate section 98 expenses £3,000
Pension contributions £0
Total expenditure £14,162
Net Result (Effective Income) £49,087
Additional Employers NI Due 19th April £5,952
Deemed payment £43,134
Tax Calculations Taxable Income (salary + deemed payment) £51,134
Employees NI £0
PAYE £0
Additional Employers NI £5,952
Additional Employees NI £4,989
Additional PAYE £7,953
Extra tax payable on 19th April £18,895

Other relevant information:

Show tax calculations