Your results
- Your current net monthly income is £2,259
- Avoiding IR35 would increase your income by £307 (13%) to £2,566
- Increasing your rate by £4.68 (18%) to £29, earns you the same as someone outside IR35
- You can take an IR35 compliant contract for £2.34 less and still receive the same income
- If you avoided IR35 and took an extra 7 weeks holiday you would still earn the same
- To get the same income via permanent employment would require a salary of £32,770
Show calculations for if my contract was outside IR35
Understand the impact of IR35 on your NET income
NOTE: The tax calculations under the new Off-Payroll legislation are different, and not as high for the contractor. Please use our Off-Payroll Calculator if you wish to calculate your tax under the new legislation.
Other relevant information:
Solutions for Contractors:
Check your IR35 Status for FREE
Use IR35 Shield to check your status NOW!
