Shield for Business

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

Company Calculations - Outside IR35

Your Details

Your Details Rate 70
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
Dividend percentage 100%
Personal Income Net Annual Income 76,195
Net Monthly Income 6,349
Company Income Contract revenue 115,500
Other income 0
Total revenue 115,500
Company Expenditure Expenses 3,000
Employers N.I. on salary 0
Salary 8,000
Pension contributions 0
Total expenditure 11,000
Company profit 104,500
Corporation tax 19,855
Distributed profits 84,645
Tax Calculations Taxable Income (salary + net dividend) 92,645
Employees NI 0
PAYE 0
Additional tax on dividends (1st share) 16,449
Additional tax on dividends (2nd share)

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