Calculator Assumptions

Umbrella calculation

  • Figures are based on 2023/24 rates
  • This is based on 22 working days
  • Under Supervision, Direction or Control (SDC) on any assignment during the tax year
  • No expenses
  • Holiday pay is advanced
  • Contractor Umbrella’s standard margin (£25 per week/£95 per month) is included in this calculation

Limited calculation

  • Limited Cost Trader Flat rate scheme for VAT, with first year discount factored in
  • Contracts outside IR35
  • Directors salary for the year of £12,570
  • One director/shareholder involved in the company

Both calculations

  • Working 40 hours per week over 52 weeks
  • Figures are based on 2023/24 rates
  • No additional personal income from any other sources
  • Full personal allowance per year (tax code 1257L)
  • You have no earnings from other sources this tax year
  • Contractor opted-out of pension scheme

BLACK FRIDAY DEAL

One week margin free when you sign up with Contractor Umbrella today!
Hurry - Deal ends at midnight tonight.
CLAIM NOW
      Terms and Conditions: 
1 week margin free or £25 reduction on monthly margin. Online registration form must be completed by midnight 6th December 2019. Payment must be processed and margin redeemed by 31st December 2019.
      
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