Contractor take-home pay
and expenses calculator

Calculate your take-home pay.

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 umbrella solution margin - Varies 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 the Caroola Limited Company accountancy fee
Claiming £265 expenses per week
Claiming 200 business miles per week

Like your illustration?
Speak to us today

Our dedicated sales team is ready to provide you with a tailored quote, offer guidance on all aspects of the umbrella, or help considering options like a limited company or sole trader.

Whether you prefer to complete the form, or simply give us a call on 01925 645 265, we're here to help

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Compliance is at the heart of everything we do. FSCA and Cyber Essentials PLUS accredited.
Access to benefits
Enjoy maternity and paternity pay, sick pay, paid annual leave and £20m insurance coverage.
Reliable Service
Quick set-up and same-day payments. Rated Excellent by our umbrella employees.
Expert Support
Decades of experience across multiple industries. Get paid correctly and compliantly.
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Like your illustration?
Speak to us today.

Whether you prefer to complete the form or simply give us a call at 01925 645 265, our dedicated sales team is ready to provide you with a tailored quote.

Our experts are here to offer guidance on all aspects of the umbrella.

Plus, if you're considering options like a limited company or becoming a sole trader, our team is happy to help.

Top-tier protection
Compliance is at the heart of everything we do. FSCA and Cyber Essentials PLUS accredited.
Access to benefits
Enjoy maternity and paternity pay, sick pay, paid annual leave and £20m insurance coverage.
Reliable Service
Quick set-up and same-day payments. Rated Excellent by our umbrella employees.
Expert Support
Decades of experience across multiple industries. Get paid correctly and compliantly.

How it works

1

Joining

You become an employee of Parasol, maintaining flexibility for assignments.
2

Working

You complete assignments, submit timesheets, and we handle expenses and payment.
3

Payment

We calculate your pay and ensure legal compliance, so you get regular pay and benefits.
Trustpilot

Let's talk!

Interested in finding out more? Speak with our expert Sales Team to see how we can work together.

Here's how you can get in touch...

01925 645 265
01925 645 265
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Contact Employee Support 01925 644 860