Contractor Calculator: Outside IR35 PAYE Calculator NOT VAT registered

This contractor calculator is for contractors who fall outside the IR35 legislation and are not VAT registered.

Not sure whether you fall Inside or Outside of IR35? Use our online IR35 calculator.

Click on the buttons below to complete the seperate sections for the PAYE Salary Calculation

❶ Hours & Rates ❷ Expenses ❸ PAYE Illustration (Outside IR35: Non VAT Registered)

Take Home Pay Calculator [ Outside IR35, Non VAT Registered, 2023/24 Tax Year ]

Specify your hours and rates
Normal hours worked each week
Number of weeks you expect to work in a year
Your usual hourly rate

Gross Annual Earnings

Specify your salary preferences
When you work through a limited company you need to decide the salary you'd like to take. The current National Minimum Wage (NMW) is £ per hour, based on your hours this would be £ per annum. As a director you are not bound by the NMW legislation so we recommend that you take a salary equivalent to the National Insurance threshold current £
Your Annual Salary:
Tick if you want the illustration to include a basic salary for your spouse or partner in order to reduce tax?
Spouses weekly salary

Spouses Annual Salary

Specify your pension preferences
Tick if you want the illustration to include a Monthly Pension
Monthly Pension

Annual Pension

Next Step: Complete business expenses
Please include these monthly business expenses
Public Transport
Number of business miles travelled in your own car. [ £ per mile for the first 10000 miles per annum, then £ thereafter]:
Stationary and Postage
Telephone and internet
Use of home as office
Accounting Fee
Professional subscription
Subsistence
Other business expenses

Total Monthly Expenses
Total Annual Expenses

Next Step: View results and graphs
Contractor PAYE Illustration (Outside IR35: Non VAT Registered)
Total Earning
- Your Salary
- Spouses Salary
- Employers NICs
- Administration Expenses

Net Profit Before Tax
- Corporation Tax [ 25% of £ ]

Dividend Declared

Payroll
Your Salary
- Personal Allowance	12570

Taxable Pay
PAYE
Employee National Insurance

Net Salary

Tax on Dividends
Net Dividends
Gross Dividends
Your Salary
Gross Income
Higher Rate Tax Threshold [£50270]
Taxable Income ( x 0.325)
Income Tax
Less (Taxable Income * 10%)

Tax on Dividends

Your Total Take Home Pay
Net Salary
+ Net Dividends
+ Tax on Dividends
+ Expenses

Your Annual Take Home Pay

Average Monthly Income

Take Home Pay as a Percentage of Total Income

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Contractor Calculators

You may also find the following contractor calculators useful for your salary and tax calculations.

If you are looking for accounting support with your new limited company or if you need support setting up your accounts as a contractor, iCalculator recommends Tempo, a solid, dependable company that the team at iCalculator have known and worked with since 2009.

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Contractor Calculator: Outside IR35 PAYE Calculator NOT VAT registered

Specify your hours and rates

Specify your salary preferences

Specify your pension preferences

Please include these monthly business expenses

Contractor PAYE Illustration (Outside IR35: Non VAT Registered)

Payroll

Tax on Dividends

Your Total Take Home Pay

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