We have designed a series of contractor calculators to help work out your tax liabilities. The tools incorporate a range of variables – including IR35, and whether you work via your own limited company, or via an umbrella company.
They are based on MS Excel spreadsheets we use ourselves – and converted into web applications. All calculations have been verified by our own ACA-qualified accountants.
Salary and Dividend Tax Calculators
How much tax will you pay according to different levels of salary and dividends?
Typically, limited company owners remunerate themselves with lower salaries than ‘workers’, and draw down the remainder of their incomes in the form of dividends.
- Dividend Tax Calculator (2023/24)
- 2022/23 Dividend Tax Calculator
- April 2022 Dividend Tax + National Insurance Hike Calculator + Guide
- 2021/22 Salary and Dividend Tax Calculator
- 2020/21 Salary and Dividend Tax Calculator
How your take home pay is affected if your contract work is caught by the Intermediaries Legislation (IR35). This calculator compares your net take home pay between inside and outside-IR35 scenarios.
- Inside vs. Outside IR35 Calculator (2023/24)
Umbrella Company Net Take Home Pay Calculator
If you work via an umbrella company, there are a large number of deductions to take into account before you receive your net take home pay. Use this illustrative calculator to help understand the deductions made on your payslips.
- Umbrella Company Pay Calculator (2023/24)
Umbrella vs. Limited Calculator
Compare your take-home pay levels according to the business structure you choose. What percentage of your contract income goes to the taxman?
- Umbrella vs. Limited Tax Calculator (2023/24)
Limited Company Profit Calculator
How much money does your company make, after allowing for expenses and Corporation Tax? The remaining ‘retained profit’ can be legitimately distributed to shareholders.
- Limited Company Tax Calculator (2023/24)
April 2023 Corporation Tax Increase Calculator
The main rate of CT rises from 19% to 25% from April 1st 2023. Work out how much extra CT your limited company will have to pay.
Self Employed (Sole Trader) Tax Calculator
Work out how much Income Tax and Class 2 / Class 4 National Insurance you will pay on your sole trader profits.
- Self Employed Tax Calculator (2023/24)
We will add more contractor calculators in the near future. So check back soon.