Relevant life insurance for contractors

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Contracting Calculator - Results (inside IR35)

  • Your gross annual revenue is £41,250
  • Deducting your expenses of £ 2,062 results in a profit of £ 28,187
  • Total taxes are £10,368, which is 25% of your company revenue
  • Your net annual income is £ 25,818, and net monthly income is £ 2,151
  • To earn the same via permanent employment would require a salary of £32,770.

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