NI/PAYE Calculator
FreelanceUK has provided you with a NI/PAYE calculator in order for you to calculate PAYE/NI on the salary that you pay yourself out of the limited company's turnover. It is common for freelancers and the self-employed to pay themselves a very low salary to keep income tax and NICs to a minimum, taking the remainder of their income as dividends.
Results:
| Umbrella | Limited in IR35 | Limited | |
|---|---|---|---|
| Total Income | |||
| Income Tax | |||
| Employees National Insurance | |||
| Employers National Insurance | |||
| Total National Insurance | |||
| Corporation Tax | |||
| Total Tax | |||
| Average Tax | |||
| Net Income After Tax | |||
| Est. Improvement Over Umbrella |
