Calculators
22 calculators. Most cards show the answer at £500 a day, so you can see what each one does before you open it.
What you keep
From the day rate to the money that reaches your account.
- Contractor take-home payWhat reaches my account from my day rate, through a limited company?£500 a day keeps£68,988
- Inside vs outside IR35What does the same contract pay inside IR35 and outside?Outside keeps more by£3,368
- Dividend vs salary splitWhich director’s salary leaves me the most after tax?Best salary at £500/day£12,570
- Family shareholder splitHow much dividend tax do I save by giving my spouse or children shares?A 50/50 split saves£10,244
- Umbrella company take-homeWhat will the umbrella pay me from my assignment rate? Margin, employer NI, pension, holiday pay, student loan and tax code, line by line.£500 a day keeps£63,636
- Sole trader taxHow much should I set aside each month as a sole trader? Income tax, Class 4 and Class 2, student loan and payments on account.Monthly set-aside on £60k£982
- Sole trader vs limited companyDo I keep more as a sole trader or through a limited company, and where is the break-even?Sole trader keeps more by£888
- Pension through your companyHow much corporation tax and dividend tax does a company pension contribution save, and is it within my allowance?Tax saved on £20,000£10,555
- Dividend tax calculatorWhat is my personal tax on salary plus dividends? Band by band, with NI, student loan and the £100k and £60k warnings.£12,570 salary, £50,000 dividends£8,396.25
- Student loan for contractorsWhat will I repay on Plan 1, 2, 4, 5 or postgraduate loans through a limited company, an umbrella or as a sole trader? Includes the £2,000 dividend rule.Plan 2, £12,570 + dividends£5,061
Setting a rate
Translate between a salary and a day rate in either direction.
- What day rate to chargeWhat day rate do I need to match the salary I want?To match £60,000£277 a day
- Day rate to salaryWhat would a permanent job need to pay to match my rate?£500 a day as salary£101,131
- Inside IR35 rateWhat inside rate leaves me as much as my outside rate, and what uplift is that?Inside match for £500 outside£533 a day
- Hourly to day rateWhat is my hourly rate as a day rate, or the reverse, and what does it bill a week, month and year?£60 an hour, 7.5 hour day£450 a day
- Umbrella vs agency PAYEWhat agency PAYE rate matches an umbrella rate, or the reverse, and what uplift is that?PAYE match for £500 umbrella£380.41 a day
Running the company
The admin sums: VAT, corporation tax and getting paid.
- VAT, including flat rateWhat is the VAT on this, and does the flat rate scheme leave me more?£1,000 plus VAT£1,200
- Corporation taxWhat corporation tax is due on my profit, with marginal relief between £50,000 and £250,000?Tax on £94,295£21,238
- Invoice generatorA VAT-compliant UK invoice made in your browser. No sign-up, and it prints to PDF.Sign-up and costNone
- Director’s loan and s455What s455 do I owe on an overdrawn loan account, when is it due and refunded, and what is the benefit in kind?s455 on £20,000 owed£7,150
- Mileage allowanceHow much can I take tax-free at 55p and 25p a mile, and what does any shortfall on what I was paid save in tax?12,000 miles, tax free£6,000
- Late payment interestHow much statutory interest and £40 to £100 compensation can I add to an unpaid invoice?£5,000 paid 92 days late£218
- Flat rate VAT checkAm I a limited cost trader, and does flat rate beat standard VAT in my sector?Flat rate saves on £110,000, IT£220