Calculate

Estimate you take home pay with the IFL management calculator.

Enter your daily rate and annual expenses below to get an estimate of your take home pay. For your expenses please include your annual costs for travel, telephone, accomodation and substistance.
Daily rate
Expenses
Gross

Annually

Monthly

You Net

If your using a PC you can set your daily rate using the slider below.

The Breakdown.

Gross Pay
Less Expenses
Less Fees
Less Employeers NI
Less NI
Less Income Tax
Add Expenses

Net Income

Total deductions include your total NI contributions and your total tax payment. Your fee to us is not included in this but is deducted from your Net Income.

Expenses are not taxed and are not subject to NI contributions. Expenses are added to your Net Income after dedcutions have been calculated.

In this example Fees are charged at £55 per month based on you being paid monthly.

About your Tax

Your Taxable Pay

Gross Pay
Less Expenses
Less Fees
Less Employeers NI
Less Tax Allowance

Taxable Pay

Total Tax

Income Tax at 20%
Income Tax at 40%

Total Tax

Notes

Your tax allawance assumes that you have a tax code of 1100L.

When you are an employee, your employer also pays an 13.8% NI contribution on the part of your income exceeding £156 per week. HMRC Class 1 NI

About your NI contributions

Income subject to NI

Gross Pay
Less Expenses
Less Fees
Less Employeers NI

Income subject to NI

Lower NI at 12%

NI Lower Threshold
Pay subject to NI at 12%

Employees NI at 12%

Higher NI at 2%

NI Higher Threshold
Pay subject to NI at 2%

Employees NI at 2%

Total NI

Employees NI at 12%
Employees NI at 2%

Total NI

Notes

Income exceeding £827 per week (NI Higher Threshold) is subject to a 2% NI contribution. Income over the NI Lower Threshold but under the NI Higher Threshold is subject to a 12% NI contribution.

When you are an employee, your employer also pays an 13.8% NI contribution on the part of your salary exceeding £156 per week. HMRC Class 1 NI.

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