Calculator Assumptions
- The information provided by you above (hours, assignment rates and expenses) are assumed to be a true and correct representation of your circumstances
- National Insurance Category A (i.e. Aged between 21 and 65)
- Tax Code: 1257L
- If your annual taxable earnings exceed £100k then your personal allowance may be restricted by £1 for every £2 based on earnings between £100,000 and £125,140. Please also note taxable earnings for the year over £125,140 may not be eligible any tax allowance. Our online calculator does not factor in all circumstances so please contact us to provide you with a personally tailored estimation of take home pay.
- Our company margin (£20 in this illustration) and associated employment costs have been retained from the assignment rate. Employment costs include Employer’s National Insurance (15%), Apprenticeship Levy (0.5%) and holiday pay (12.07%).
- You have no earnings from other sources during the tax year
- Your holiday pay is rolled up and paid out (included), so based on you working for 52 weeks per year
- Pension Auto Enrolment status is postponed
- CIS tax verification is at 20%
