Umbrella Company take home pay calculator

The key question on all Contractor's minds is 'how much will I earn / take home'?

You'll typically take home anywhere between 60% - 65% of your contract value. However, for a more accurate calculation try Parasol's take home pay calculator. Simply input your weekly/monthly income and predicted expenses and the umbrella calculator will instantly estimate your take home pay for you. If you are thinking about working through your own limited company you may also find these page helpful - Take home pay Limited company or Umbrella company - The Real Story and how much can I earn as a contractor?

Special note Please be cautious when comparing calculators on umbrella company website's, ensure that you are comparing like with like. It has been known for some companies to pre-load their contractor calculators with huge expense claims in an effort to give contractors over inflated take home pay values.

The 'only' variable factor in your net pay is the fee charged by the umbrella company, all other figures are determined by Inland Revenue regulations. All umbrella companies operate under the same rules and regulations.

Click here to try SJD's contractor and freelancer limited company business calculator to see how much you could be taking home using your own limited company.

Click on the links below to read our other umbrella guides:

SJD Accountancy provides Umbrella Company Services to contractors and freelancers through our recommended provider Parasol.

SJD Accountancy

SJD Accountancy are the UK's largest specialist provider of fixed fee, Limited company accountancy services to contractors; we've been acting for contractors across the UK since 1992 and have more than 15,000 clients.

We are the only national specialist firm of contractor accountants with offices nationwide. SJD Accountancy has more qualified staff than any other firm in our market with qualifications from the following major tax and accountancy bodies - ATT, AAT, CTA, ACCA, CA, ACA and FCCA.

  • Unlimited face to face meetings. This is a unique service only SJD Accountancy offers - unlimited face to face meetings across the UK - tax is complicated and sometimes only a meeting will do.
  • UK's Largest contractor accountants with more qualified staff. No call centres, no outsourcing, no automated call handling. Simply telephone, email or meet your own dedicated accountant* face to face.
  • Money back service guarantee. All your telephone calls and emails will be answered the same day or we will make a full refund of that months fee.
  • Outstanding reputation. We have won more awards for customer service and accountancy excellence than any other firm in our market, including: Best Accountant for Contractors, Accountant of the Year and Best Professional Service Team to name just a few.
  • All inclusive low cost fixed fee accountancy package which includes completion of accounts*, payroll bureau, dividends and corporation tax computations, personal taxation, free bookkeeping software, your own dedicated accountant* and all company returns for a fixed fee of £120 plus VAT per month.

If you have any questions about contracting or would like any further advice please call our new client services helpdesk on 01442 275789 or email: janice@sjdaccountancy.com.

Appoint SJD Accountancy and never worry about your tax or accountancy affairs again.

Form your own Limited company with SJD - our same day online company formation service includes company bank account set up, VAT/PAYE registration and advice on optimum share structure. 

You may also find the following pages, guides and case studies useful:

*If you would like us to complete your company year end accounts we simply ask that you have been a client of SJD for one year or have made 12 monthly payments. All accountants are part or fully qualified.