Umbrella Company Calculator
FreelanceUK has provided you with an umbrella tax calculator in order for you to calculate your income when contracting through an umbrella company. An umbrella company provides a ready-made invoicing vehicle for freelancers as well as removing the administrative duties associated with contracting via a limited company. The umbrella company normally issues invoices on behalf of the freelancer, collects payments from clients, calculates NI and tax, and pays the freelancer their net pay directly to their personal bank account.
More on umbrella companies for freelancers.
|Employees National Insurance|
|Employers National Insurance|
|Total National Insurance|
|Net Income After Tax|
|Est. Improvement Over Umbrella|