Transfer for FREE Between ContractorUmbrella and Dolan Accountancy

Find Out More

PAYE Umbrella Calculator

Period:     Weekly     Monthly


Employer National Insurance 0.00
Employment Tax 0.00
Employee National Insurance 0.00
Employee Tax 0.00
Total All Tax 0.00
Margin 0.00
Total Net Income 0.00

Please note this calculator is based on 2018/19 tax codes, for an up to date calculation please request a bespoke calculation below.

Joining an umbrella company is the easiest way to work as a freelancer or contractor. Simply click on the link below to calculate your take home pay by inputting your weekly/monthly income. The PAYE calculator will instantly estimate your net pay.

Find out what you could be taking home through Contractor Umbrella today!

Expenses and Umbrella Companies Post 6th April 2016: Please note as of 6th April 2016, no "compliant" umbrella company will be able to process non-chargeable expenses for tax relief purposes due to a change in Legislation included within the Finance Act 2016. Click here to find out more...

REMEMBER: The only difference you should see in any Take Home Pay figure is the margin retained by the umbrella company. If you have been offered a higher take home pay, take a moment to think how this might work in reality?

In the contracting world trusts have always been very popular with scheme providers who promise 80%-90% take home pay, mainly because they charge 8-12% of the contract value (over £1000 per month on £450 per day). The schemes operate like this - basically, they pay a small monthly retainer on which you will pay tax and NI contributions, the balance of the contract value will then be paid to a trust from which you can apply for loans upon which tax is only payable when the loan is repaid or written off. In theory it won't ever be repaid and won't ever be written off and, bob's your uncle, you don't pay any tax.

However, HMRC cottoned on to this a few years ago and now users of this type of scheme are being systematically investigated and receiving demands for unpaid tax, interest and penalties. The scheme operators typically used Employee Benefit Trusts, which have been found to be wholly artificial when operated for contractors, but we are now seeing Contractor Benefit Trusts being operated which appear to work in exactly the same way so no doubt HMRC will be moving onto them soon enough. So is it worth the risk?

One of the main question on contractors' minds is "How much money will I take home?". To explain how contractor pay is calculated, we must first answer the question; What is PAYE? Click here to find out more.

Why Choose ContractorUmbrella?

ContractorUmbrella is the hassle-free, straight talking umbrella company that provides umbrella employment for UK based contractors and freelancers. Independently voted as the best umbrella company by the readers of Contractor UK.

As one of the most trusted umbrella companies in the UK, we guarantee our employees peace of mind, absolute compliance and complete security. We are one of the longest standing and most respected umbrella companies in the UK.

Benefits of working through ContractorUmbrella;

  • Fast and easy registration - be ready to work in 24 hours, simply register online and we’ll take care of the rest.
  • Calculate your take home pay - use our online calculator to find out how much you could be taking home through ContractorUmbrella.
  • Same day payments - we offer same day payments as standard, for no additional fee.
  • Our Commitment Charter- is our guarantee that you will be looked after at every step of the way.
  • Flexible Limited Company Accountancy - when you sign up to our sister company Dolan Accountancy, you can transfer to ContractorUmbrella when umbrella employment better suits or your assignment sits inside IR35.
  • Employee Benefits - at ContractorUmbrella there are many benefits available to you as our employee including our Employee Rewards Scheme, Group Pension Scheme, Foreign Currency Exchange, Contractor Accommodation, Contractor Mortgages and much more.
  • Personal Employee Liaison Officer - we believe in the personal touch, so you will have your very own dedicated Employee Liaison Officer during your employment with us. Read some of the glowing testimonials we've received about our lovely staff and the outstanding commitment they give to all our employees and clients.

If you’d like to find out more, call us on 01206 591 000 or request a call back by completing our online form.