Calculate
Estimate you take home pay with the IFL management calculator.
If your using a PC you can set your daily rate using the slider below.
The Breakdown.
| Gross Pay | |
| Less Fees | |
| Less Employeers NI | |
| Less NI | |
| Less Income Tax | |
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.
In this example Fees are charged at £75 per month based on you being paid monthly.
About your Tax
Your Taxable Pay
| Gross Pay | |
| Less Fees | |
| Less Employeers NI | |
| Less Tax Allowance | |
|
Taxable Pay |
|
Total Tax
| Income Tax at 20% | |
| Income Tax at 40% | |
| Income Tax at 45% | |
Total Tax |
|
Notes
Your tax allowance assumes that you have a tax code of 1257L.
When you are an employee, your employer also pays an 13.8% NI contribution on the part of your income exceeding £175 per week. HMRC Class 1 NI
About your NI contributions
Income subject to NI
| Gross Pay | |
| Less Fees | |
| Less Employeers NI | |
|
Income subject to NI |
|
Lower NI at 13.25%
| NI Lower Threshold | |
| Pay subject to NI at 13.25% | |
Employees NI at 13.25% |
|
Higher NI at 3.25%
| NI Higher Threshold | |
| Pay subject to NI at 3.25% | |
Employees NI at 3.25% |
|
Total NI
| Employees NI at 13.25% | |
| Employees NI at 3.25% | |
|
Total NI |
|
Notes
Income exceeding £967 per week (NI Higher Threshold) is subject to a 3.25% NI contribution. Income over the NI Lower Threshold but under the NI Higher Threshold is subject to a 13.25% NI contribution.
When you are an employee, your employer also pays an 15.05% NI contribution on the part of your salary exceeding £175 per week. HMRC Class 1 NI.
Email yourself
Email these results to yourself for future reference.