Contractor Salary Calculator

Calculate your take-home pay.

Calculations are for illustration purposes only and are based on a series of assumptions

ASSUMPTIONS

GENERAL:
Based on rates and thresholds for 2023/24.
Assumes 12 months worked post 6th April 2023
No income from other sources in the tax year
Working 40 hours per week over 52 weeks

UMBRELLA
1257L tax code
Includes Parasol's umbrella solution margin - Can vary by agency

LIMITED
Assignments are not subject to IR35
Includes flat rate VAT benefit for the first year at 15.5%.
Director's fee of £229 per week
Includes Caroola accountancy fee
Claiming £265 expenses per week
Claiming 200 business miles per week

Get your full, personalised calculation breakdown and free no-obligation consultation.

The amount of money you’ll be bringing home at the end of each month is likely to be a big factor when choosing how to work as a contractor. So, what if you are struggling to figure out your day rate as a contractor? If this is the case, we’re here to help.

To calculate your take home pay, simply get in touch and we’ll personally calculate your take home pay.

You’re in good hands

At Caroola we have over 28 years of contractor accounting experience, so you can be assured that when you appoint us to be your accountant, you’re in good hands.

If you have any questions about contracting or would like any further advice on your take home pay, please fill in the form and a member of our team will be in touch.

What makes Caroola different?

DEDICATED PERSONAL ACCOUNTANT

As part of your Caroola package, you’ll be assigned to a dedicated member of our specialist accountancy team. They’ll be your primary point of contact, but you can have confidence that, if you ever need to speak to someone else, you have access to the largest team of specialists in the UK.

FIXED FEE PRICING

Our fees are fixed and we make it clear to you exactly what’s included. Your accountancy needs are as unique as your business is, which is why Caroola offers packages to suit you. There is also a selection of optional products and services, so you can tailor your accountancy package to your needs.

TRUSTED BY OVER 50,000 CONTRACTORS

As the UK’s largest contractor accountants, you know you’re in good hands. We’ve provided outstanding accountancy services for more than 50,000 customers and have won more awards for accounting excellence and customer service than any other firm.

FULLY ACCREDITED & QUALIFIED

We are deemed IPSE Accredited Accountants, are fully MSC compliant. Caroola also have more qualified staff than any other firm in our market with qualifications from the following major tax and accountancy bodies ATT, AAT, CTA, ACCA, CA, ACA and FCCA, so you know you’re in good hands when you appoint us.

More about us

It’s been an exciting journey since we began looking after contractors back in 1992, but we’ve never changed our core values: being committed and dedicated to being the best. Our experience has taught us a lot, and we’re passionate about what we do.

Contractors appoint Caroola for our market reputation, fixed fees and the exceptional level of support provided by their personal accountant. We’re always on hand to help, from the moment you incorporate your limited company and throughout your contracting career.