Our Take Home Pay Calculator illustrates what you could take home as a contractor. The calculator provides a guide to your monthly take home pay, and shows how this compares to working through an umbrella company.

Our calculator can also demonstrate your expected earnings as a contractor in terms of your IR35 status. To learn more about your IR35 status please visit our Contractors Guide to IR35.

If you are thinking about making the move to contracting, please call our New Business Team on 01253 362062 or email contractoradvice@nixonwilliams.com.

Please note that this calculator represents earnings from the tax year 2017/18. If you are looking to gain a more accurate view of your earnings for the tax year 17/18, please contact the New Business Team on 01253 362062 or email: contractoradvice@nixonwilliams.com

Alternatively, if you are a client of Nixon Williams, please contact your accountant for a bespoke calculation for the tax year 17/18.

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Not on the flat rate scheme
Second shareholder?
Monthly take home pay (% of annual income)
Warning: your expenses currently exceed your annual income. Please reduce your costs. Your annual pension contribution exceeds the annual allowance of £40,000 – you may therefore incur an additional tax charge on the excess contribution. Please refer to our pensions factsheet for more details about the tax implications of pension contributions.
  Outside IR35 Year 1 Outside IR35 Year 2 Inside IR35 Year 1 Umbrella
Monthly Take home pay
Take home pay as % of annual income