Contractor Earnings Calculator
| |
| At £20 per hour for a standard 40 hour week your savings would be.... |
|
Umbrella
Company |
CORE Limited
Company |
Your Extra
Take Home |
| Percentage take-home pay under umbrella company vs core Limited company from April 2009 |
64.85% |
75.83% |
10.98% |
| Take home per week |
£519 |
£607 |
£88 |
| Take home per month |
£2,075 |
£2,427 |
£352 |
| Take home per year |
£24,902 |
£29,119 |
£4,217 |
| In addition, you could benefit from VAT savings under the FRS scheme, at no extra cost. |
£0.00 |
£1,043 |
£1,043 |
| Total Take home.... |
£24,902 |
£30,162 |
£5,260 |
|
Disclaimer: The figures above are estimates based on typical assumptions.
To provide an accurate estimate given your precise circumstances please phone us on 0845 272 4009.