Relevant life insurance for contractors

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Target Income Permanent Calculator - Results

  • Your desired net monthly income of £4,000 is £872 (27%) per month more than your current net monthy income of £3,127
  • To earn your desired net income you will need to increase your salary by £18,046 (36%) to £68,046
  • To earn your desired income contracting you would need a rate of £41 per hour (£308 per day) if outside IR35, or a rate of £53 per hour (£398 per day) if inside IR35.

Solutions for Contractors: