Contractor calculators

Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

LisaContractorUmbrella replied

22 September 2006, 15:35
Originally posted by oraclesmith

I had a go at the brollie one. I wonder if it takes into account higher rate tax - ie. assumes you are earning that fee for a whole year.

Hi guys. Yes, our calculator does take the higher rate tax into account. We have based it on the standard tax code for the year i.e. 503L and it assumes full tax free allowances. Obviously you will need to enter expenses as well as rate to ensure an accurate calculation. Hope this helps
Leave a comment:
oraclesmith replied

22 September 2006, 09:45
I had a go at the brollie one. I wonder if it takes into account higher rate tax - ie. assumes you are earning that fee for a whole year.
Leave a comment:
~Craig~ replied

22 September 2006, 09:19
Quite simple really if you look at the breakdown. One is through a limited company as it mentions dividends and distributed profits, the other is through a brollie.
Leave a comment:
Andyw replied

22 September 2006, 09:06
Pointless !!!!!

If you wont tell us your hourly rate we cant calculate your net income SIMPLE !
Leave a comment:
AtW replied

22 September 2006, 09:05
You tell 'em hyper: threaded became so rich that they even had to exclude him from Top Rich people of the World to prevent the others being embarrassed by making sure that money from people around him pulled by the gravitational force generated by his lard body. Thank Goodness he is a modest chap, otherwise we'd lose the Sun!
Leave a comment:
toast replied

22 September 2006, 09:05
The calculator on www.nolongerlimited.com also comes out to roughly the same as contractorumbrella.com..
Leave a comment:
hyperD replied

22 September 2006, 09:03
Originally posted by AtW

Number of hours per day can easily be different.

Especially close to a large mass. That's why working next to threaded can be fiscally risky...
Leave a comment:
toast replied

22 September 2006, 09:03
I'm pretty sure they both use 37.5 hours per week.
Leave a comment:
Andyw replied

22 September 2006, 09:01
Originally posted by AtW

Number of hours per day can easily be different.

really !
Leave a comment:
AtW replied

22 September 2006, 09:00
Number of hours per day can easily be different.
Leave a comment:
Andyw replied

22 September 2006, 08:58
Tell us what your hourly rate is then and we'll tell you
Leave a comment:
toast started a topic Contractor calculators

22 September 2006, 08:57
Contractor calculators

Can anybody clarify this for me please?

When entering an hourly rate on http://calculator.contractoruk.com/ and then entering the same hourly rate into the calculator on http://www.contractorumbrella.com, the net monthly earnings figures are completely different!

I'm hoping to leave my permie job for a contract, but I'd like to have SOME idea of what a particular hourly rate will net me first!

Thanks
Tags: None