IR35 Calculator

The IR35 Calculator allows UK contractors / freelancers to calculate the types of return they can expect from a contract that falls inside the IR35 legislation. Whether you are currently contracting, thinking about contracting or would like to see the types of rate you would need to charge in order to match your current pay the IR35 Calculator can help. Now that the UK’s IR35 reforms are in place across both the private and public sectors the vast majority of new roles are likely to be deemed inside IR35, if this is the case then an Umbrella Company is the most common way of being paid. The IR35 Calculator lets you see the return you’ll get before committing. All PAYE Umbrella Companies should produce similar returns, the only difference being the contractors circumstances (such as pension salary sacrifice), the Umbrella’s status for the apprentice levy and the Umbrella margin charged to process payroll. Version 2 of the IR35 calculator now allows you to choose the margin and apprentice levy status you wish to see illustrated against.

The IR35 Calculator can calculate returns (and give breakdowns) for both day and week rates. Alternatively it can be be used to reverse lookup take home Net pay if you currently have a earnings target, after tax, in mind. Currently a permanent PAYE employee? The IR35 Calculator can show you the rate you’ll need to charge as a freelancer in order to be on similar terms to your current role (including statutory holiday pay and any employer pension contributions).

In order to simplify things a number of assumptions have been made regarding a contractors circumstances and so the figures produced are indicative only and will vary on personal circumstances. The IR35 Calculator is designed as an aid to contractors and not an offer of engagement. We offer a free help desk to discuss any figures and your personal circumstances.