Your results
- Your current net monthly income is £2,596
- If you get caught by IR35, this decreases £444 (17%) to £2,151
- If caught, raising your rate by £6.18 (24%) to £31 achieves the same income
- You can lower your rate by £3.9 and earn the same as someone inside IR35
- You can take an extra 9 weeks holiday and earn the same as someone inside IR35
- To get the same income via permanent employment would require a salary of £40,613
Show calculations if my contract was inside 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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