NI/Paye Calculator
ContractorUK has provided you with a NI/PAYE calculator in order for you to calculate PAYE/NI on the salary that you pay yourself out of the limited company's turnover. It is common for contractors to pay themselves a very low salary to keep income tax and NICs to a minimum, taking the remainder of their income as dividends. For more on NI, PAYE and other business taxation please click here.
Results:
Umbrella | Limited in IR35 | Limited | |
---|---|---|---|
Total Income | |||
Income Tax | |||
Employees National Insurance | |||
Employers National Insurance | |||
Total National Insurance | |||
Corporation Tax | |||
Total Tax | |||
Average Tax | |||
Net Income After Tax | |||
Est. Improvement Over Umbrella |