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 ContractorUmbrella'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 it's sister company ContractorUmbrella.
ContractorUmbrella Ltd
ContractorUmbrella is part of the SJD Accountancy group and was formed in 2002 to provide employment services to UK based contractors who do not wish to operate through their own Limited company.
They are also the first umbrella company to be fully compliant with all Managed Service Company (MSC) and debt transfer legislation, as reviewed by KPMG. This is important as many other umbrella companies claim to be HMRC compliant - but can they prove it? ContractorUmbrella can, read KPMG's review.
ContractorUmbrella is an alliance partner of Contractor UK, Contractor Money, FreelanceUK and is an associate member of the Professional Contractors Group.
They offer:
- Low weekly/monthly fixed fees
- NO entry or exit fees
- Money backed service guarantees
- No voice mail or automated call handling - all calls are answered by real people and within three rings.
Unlike other Employment Service Companies and Umbrella Companies they will not take a percentage of your income, their weekly or monthly fees remain the same regardless of your earnings. For the duration of each contract you will be guaranteed a payment from them regardless of whether they have received funds from your agency/client - this is a unique service within our industry.
If you choose to use ContractorUmbrella, but then wish to convert to a Limited Company at any time ContractorUmbrella will arrange this for you quickly and easily.
If you have any questions about ContractorUmbrella or using an umbrella companies please call 01206 713680, e-mail info@contractorumbrella.com or visit www.contractorumbrella.com.
SJD Accountancy
SJD Accountancy is the UK's largest specialist provider of fixed fee, limited company accountancy services to contractors and freelancers. SJD have been acting for contractors across the UK since 1992, have more than 10,000 clients; are the only National specialist firm of accountants with offices in all major cities; are the most recommended accountancy firm on the internet and have more qualified staff than any other specialist firm with qualifications from the following major Tax and Accountancy bodies - ATII, ATT, ACCA, CA, ACA, FCCA, ACMA.
SJD have also won every relevant award possible, including: the Accountancy Age Award for Excellence in 2007 and 2004, Contractor uk 'Best Contractor Accountant' for the last three years, Sunday Times 'Best company to work for'; are a Quality Accountant as recommended by the Professional Contractors Group (PCG) and are recommended by the Sunday Times.
If you have any questions about contracting through your own limited company or would like any further advice please call our New Client Services Team on 0500 152 500 / 01442 232700 or e-mail rachel@sjdaccountancy.com
