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Financial Profile - Contractor

Your complete financial profile is below. We have split your profile into sections, to review any section, just expand that section by clicking the "+" expand buttons.

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Expand Minimise Your Personal Income Summary Your Personal Income Summary

Expand Minimise How Rate Changes Would Effect Your Income How Rate Changes Would Effect Your Income

  • If your rate increases/decreases by £1 per hour your net income would increase/decrease by £62 per month
  • If your rate increases/decreases by £5 per hour, your net income would increase/decrease by £312 per month
  • Other Calculations: Compare two contract rates with the Contract Comparison Calculator

Expand Minimise Your Revenue & Profit Summary Your Revenue & Profit Summary

  • Your gross revenue is £701,250
  • Deducting expenditure of £11,000 results in a profit of £690,250
  • This profit is 98.43% of your revenue.

Expand Minimise Your Complete Tax Profile Your Complete Tax Profile

  • Company taxes are 51.88% of revenue:
    Employers NI = £0
    Corporation Tax = £172,562
  • Personal taxes are 27.27% of revenue:
    Dividend tax = £189,637
    Employees NI = £0
    PAYE = £1,600

Expand Minimise Your IR35 Status & Issues Your IR35 Status & Issues

Expand Minimise Your Pension Options Your Pension Options

  • The tax man will fund up to 54.51% of a pension for you!
  • You can efficiently contribute up to £4,166 per month into a pension, of which the tax man pays £2,271
  • For each £100 contributed, your take home pay only reduces by £45 . The tax man pays the rest!

ExpandMinimiseYour Mortgage OptionsYour Mortgage Options

Expand Minimise Permanent Employment Options Permanent Employment Options

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