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Effect of Budget Contractor Calculator

Calculate the impact of the most recent Budget on your net contracting income

You can use this calculator to find out how your contracting income will be affected by tax changes announced in the last Budget, based on your rate and tax code.

For contractors with contracts inside IR35, the calculator compares PAYE and NICs requirements for the relevant tax years to determine the difference in annual and monthly net income.

Please enter your details to find out how the Budget will affect you:

Basic Calculation >
Rate: £
Rate type:  
   
IR35 status:  
  
Hours per week:  
Days worked per week:  
Weeks per year:  
Annual expenses: £
Gross salary drawn as Director: £ (excl Employers NI Employees NI)
Annual pension contributions: £
Other annual income: £
I split the dividend and receive    percent.
Personal tax code:  
    (Single person code 1250L- Budget 2019)