The calculators are for illustration purposes only and are based on a series of assumptions.
The umbrella calculator is based on several assumptions:
- Holiday pay advanced
- No pension contributions
- A margin of £15/week
- No expenses claimed
- Working 52 weeks per year
- Tax code 1257L
Assumptions for the PSC calculation:
- Income field generated by rate x pay
- Fee of £20/week
- Expenses of £25/week
- Salary of £7,800
- Corporation tax may be due