Contracts are different and they depend on many factors such as your daily or hourly rates, the nature of your business goals, and approximate expenses. However, our IR35 calculator can help you to get an approximate figure and show you how the IR35 legislation impacts your net income.
IR35 is the way that ensures that employees pay their taxes correctly. However, it is complicated legislation. Contractors who are inside IR35 pay more tax than those who are outside.
It is a well-known cost and many contractors are already aware that they will not be as free as being outside IR35. On the other hand, being inside IR35 means that you will be treated as an employee, which means that you will be treated as a regular employee and pay the same tax contributions and National Insurance.
If you want to know the impact of IR35 on you, just enter your details below.
Find out how much you could be taking home
We can help find the right umbrella company for your current or upcoming contract