Shield for Business

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

Company Calculations - Outside IR35

Your Details

Your Details Rate 48
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 57,025
Net Monthly Income 4,752
Company Income Contract revenue 80,437
Other income 0
Total revenue 80,437
Company Expenditure Expenses 3,000
Employers N.I. on salary 0
Salary 8,000
Pension contributions 0
Total expenditure 11,000
Company profit 69,437
Corporation tax 13,193
Distributed profits 56,244
Tax Calculations Taxable Income (salary + net dividend) 64,244
Employees NI 0
PAYE 0
Additional tax on dividends (1st share) 7,219
Additional tax on dividends (2nd share)

Other relevant information:

Show tax calculations