We are pleased to announce the release of the Contractor Pension Calculator.
- Calculate the benefits of a contractor pension.
- Up to 48% tax relief for contractors.
- Convert your taxes to income and reduce the pain of IR35.
Just enter your hourly rate, ir35 status and age and we will do the rest.
Example:
Rate: £40 per hour; inside IR35; age 30
Results:
- The tax man will fund up to 48% of a pension for you!
- Your current monthly net pay is £3,056, and taxes are £1,918.
- You can efficiently contribute up to £635 per month into a pension, of which the tax man pays £303.
- For each £100 contributed, your take home pay only reduces by £52. The tax man pays the rest!
- Since you are caught by IR35 you can take maximum advantage of pensions.
Do a personalised calculation using the Contractor Pension Calculator.