Rate Increase Calculator
ContractorUK has provided you with a rate increase calculator in order for you to calculate the rate rise required for you to meet your target monthly income. Negotiating a contract rate increase can be complex however for whatever reason you feel it is justified then you should make sure that you are prepared for your conversion. For hints and tips on how to negotiate a rate rise 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 | |||
| Contract Day Rate | |||
| Monthly Net Income After Tax |