Rate Increase Calculator
FreelanceUK has provided you with a rate increase calculator in order for you to calculate the rate rise required for you to meet your target monthly income. Negotiating a contract rate increase can be complex however for whatever reason you feel it is justified then you should make sure that you are prepared for your conversion.
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 | |||
| Contract Day Rate | |||
| Monthly Net Income After Tax |
