Contractor income calculator

Outside IR35 only for now…

Tax year

Number of directors (dividends evenly split)

Number of days worked annually

Daily rate

Annual expenses

Annual pension contributions

Annual salary drawdown (£12,564.00 is the most tax efficient)

Annual dividend drawdown (Maximum available is £95,063.46)

Gross revenue: £138,000.00
Corporation tax due: £29,172.54
Retained profits: £95,063.46
Taxable income: £10,564.00
Is less than your personal allowance of £12,570.00
Tax due on dividends: (First £2,000.00 is tax free)
- Basic (8.75%): £0.00
- Higher (33.75%): £0.00
- Additional (39.35%): £0.00
- Total dividend tax due: £0.00
Net pay: £12,564.00