Your results
- First salary: Salary = £42,000
- Annual NI = £2,353
- Annual PAYE = £5,886
- Annual net income = £33,760
- Monthly net income = £2,813
- Second salary: Salary = £50,000
- Annual NI = £2,993
- Annual PAYE = £7,486
- Annual net income = £39,520
- Monthly net income = £3,293
- Difference in salaries is £8,000 (19% increase).
- Difference in net monthly income is £480 (17% increase).
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