Contractor Tax Calculator

• Welcome to the calculator
• My income and expenses
• My tax and earnings profile
• My personalised tax report
• Save and compare calculations

Welcome to the UK's Most Powerful Contractor Tax Calculator

Designed specifically for contractors, our free tax calculator offers you a uniquely comprehensive view of your tax and earnings position.

Contractor Tax Calculator goes further than showing how much tax you can save - you can compare calculations and instantly download a comprehensive PDF tax report based on those calculations, allowing you to take in all the details in your own time.

Contractor Tax Guides

• Getting Started

  • A Contractor's Lifestyle
  • Getting Paid as a Contractor
  • Contractor Insurance
  • Umbrella or Limited Company?

• Expenses

  • Contractor Expenses
  • Home Office Expenses
  • Mileage Claims

• Tax Guides

  • Corporation Tax
  • VAT for Contractors
  • National Insurance
  • Student Loans

• Saving Tax

  • How To Save Tax
  • Dividends
  • Pensions for Contractors
  • Paying your Wife, Spouse or Partner

What is a contractor calculator?

If you’re a contractor running your own limited company you’ll already know that being smart with your tax payments is a great way of saving money, but it can be daunting trying to understand how best to do so. Contractor calculators are designed to help you to ensure that you’re saving as much tax as possible with a minimum of hassle or confusion.

What’s unique about Contractor Tax Calculator?

What makes our contractor calculator unique is its versatility; it is a powerful, all in one tool that gives you all the information you need in seconds and it does more than simply allow you to check out how much tax you could be saving. With Contractor Tax Calculator you can also download comprehensive reports and test different tax scenarios – and it’s the only contractor calculator on the market that allows you to do all this without needing to use a series of different calculators to measure different ‘parts’ of your finances.

How Should I use Contractor Tax Calculator?

Using the calculator is a simple, step-by-step process and you’ll be guided through as you go, but the general process is this: after inputting the relevant financial information (such as your hourly contract rate and expenses), you can instantly experiment with a range of different scenarios to test how they would affect our tax rate, allowing you to keep your tax bill low and maximise your take home pay. The contractor calculator also allows you to directly compare different calculations, and then you can instantly download a comprehensive PDF tax report based on those calculations. That way you can study them at your leisure and ensure that you’re operating in the most tax efficient way.

Are the results accurate?

All the software that powers contractor tax calculator has been tested and verified by the expert accounting team at inniAccounts, so you can be sure that you are receiving an accurate picture of your possible tax savings. Of course, contractor calculators are designed as a guide to saving tax, and once you’ve got the information you need from them you’ll be in the perfect position to take control of your accounts with the help of your accountant. In other words, using a contractor calculator is the first step along the way to ensuring that you enjoy all the benefits of being a contractor, including a bigger slice of take home pay!