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Earnings Calculator
Earnings Calculator
Do you want to know what your yield from your contract could be?
The earnings calculator below can give you an idea of the potential yields that you might achieve from your contracts. Simply input the daily rate into the box, and click "Go" for a quick and easy comparison - based upon our assumptions (see below). Bespoke advice is available by clicking
Contact Us
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Net Return
45k
41k
35k
32k
Ltd Co (IR35 Pass)
Ltd Co (IR35 Fail)
Umbrella
PAYE
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These figures are for illustration purposes only. They make various assumptions (which have been consistently applied) about expenses claimed, days and weeks worked, declared salary and level of pension contributions including:
A salary of 35% of daily rate or £24,000, whichever is the lower
A pension contribution of 12% of turnover
Travel expenses of £150 per week
Other expenses of £5,900 per year
Application of the VAT Flat Rate Scheme at the IT Contractor rate
No allowance has been made for Income Sharing
IR35 status is a consideration for each separate assignment and professional advice should always be obtained.
For a personal consultation specific to your circumstances, please contact the
1st Option Helpdesk
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