Take Home Pay Calculator

Assumptions

1. Uses tax rates and allowances for 2015/16
2. Assumes no others sources of income for the contractor
3. Based on income/expenses as detailed
4. The Higher Rate taxes will be LOWER if you work fewer weeks, increase expenses, pay more into your pension or your rate falls.
5. The Higher Rate taxes will be HIGHER if you work more weeks, reduce expenses, pay less into your pension or your rate increases