Umbrella Contractor Calculator
Why not use our Contractor Calculator?
Contractors, Freelancers and Locums often find themselves financially better off with 1st Contact Umbrella. We know you work hard enough as it is, without having to fiddle around calculating PAYE taxes and National Insurance, figuring out which expenses are claimable and the hundred and one other things that come with contracting or being a freelancer.
This calculator shows you the benefit of working as a contractor compared to a permanent employee. All you need to do is enter your usual hourly or daily rate and the online calculator does the rest - even making some standard assumptions of what expenses you might be able to claim - and then tells you what you could be taking home on a weekly and even annual basis. See how much more you would earn whilst working through 1st Contact.
The calculations take into account the
NI uplift of 13.8% on your hourly/daily rate. The calculations assumes the above mentioned pay rate, expenses, non discounted partner service fees and the current year’s tax brackets. The Umbrella products will vary according to your agency and personal circumstances.