Your results
- First salary: Salary = £50,000
- Annual NI = £4,858
- Annual PAYE = £7,500
- Annual net income = £37,641
- Monthly net income = £3,136
- Second salary: Salary = £52,078
- Annual NI = £4,902
- Annual PAYE = £8,331
- Annual net income = £38,844
- Monthly net income = £3,237
- Difference in salaries is £2,078 (4.16% increase).
- Difference in net monthly income is £100 (3.2% increase).
Solutions for Contractors:
Check your IR35 Status for FREE
Use IR35 Shield to check your status NOW!
