Nixon Williams

The UK's leading contractor site. 200,000 average monthly visitors.

Support ContractorCalculator

Contribute Membership

Financial Profile - Permanent Employee

Your complete financial profile is below. We have split your profile into sections, to review any section, just expand that section by clicking the "+" expand buttons.

Expand All » Close All »

ExpandMinimiseYour Personal Income SummaryYour Personal Income Summary

  • Your net income per month is currently £3,127.

Other Calculations: Try other salaries using the Permanent Salary Calculator or, find out how you can earn your desired income with the Target Income Calculator.

ExpandMinimiseHow Rate Changes Would Effect Your IncomeHow Salary Changes Would Effect Your Income

  • If your salary increases/decreases by £1,000 per annum your net income would increase/decrease by £48 per month
  • If your salary increases/decreases by £5,000 per annum, your net income would increase/decrease by £241 per month.

Other Calculations: Compare two salaries with the Permanent Salary Comparison Calculator.

ExpandMinimiseYour Complete Tax ProfileYour Complete Tax Profile

  • Personal taxes are 24% of gross salary:
    Employees NI = £4,964
    PAYE = £7,500.

ExpandMinimiseContract Employment OptionsContracting Options

  • To earn the same contracting, outside of IR35, you would need an hourly rate of £31 per hour (£230 per day)
  • To earn the same contracting, inside of IR35, you would need an hourly rate of £39 per hour (£287 per day).

Other Calculations: Try out other salaries using the Permanent to Contracting Calculator or, determine net income from a contract with the Contracting Calculator.

Expand All » Close All »

Solutions for Contractors: