Contractor calculator
You could earn per week and per month contracting through an umbrella company.
Show Assumptions
- Under Supervision, Direction or Control (SDC) on any assignment during the tax year
- No Expenses
- Full personal allowance per year (tax code 1257L)
- 20/21 tax and NIC rates
- Contractor opted-out of pension scheme
- Working 42 hours per week over 52 weeks
- You have no earnings from other sources this tax year
- Contractor Umbrella Margin included
Maximum Pay Umbrella
Are you a contractor working on multiple temporary assignments and possibly through multiple agencies?
Do you want to be paid for all assignments in one place, in the most tax efficient way?
Maximum Pay will ensure you are only deducted what you legally have to, while guaranteeing payment on time, on the agreed pay date. We understand our contractors and we know that one size does not fit all. We help you choose the best option for you, while also taking on the administrative and compliance responsibility that comes with the payroll process.
We’re trusted by contractors
across the UK
Preparing for IR35
With the new IR35 regulations placing the responsibility to determine the workers employment status with the end hirer, it has meant a number of contractors have had to change the way in which they are paid. If you have been affected by these changes, or are not quite sure of what you should be doing next, please get in touch and one of our experienced advisors can support you in making the right decision going forward.
