Your results
- Your current net monthly income is £5,068
- Avoiding IR35 would increase your income by £1,024 (20%) to £6,092
- Increasing your rate by £148 (29%) to £648, earns you the same as someone outside IR35
- You can take an IR35 compliant contract for £93 less and still receive the same income
- If you avoided IR35 and took an extra 11 weeks holiday you would still earn the same
- To get the same income via permanent employment would require a salary of £90,161
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:
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