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If you are currently a Director of your own PSC and switching to Umbrella due to IR35, please tick this box.

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Specialist accountancy solutions for contractors & small businesses.

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Radius House,
51 Clarendon Road,
Watford,
Hertfordshire, WD17 1HP

01923 257257

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Radius House,
51 Clarendon Road,
Watford,
Hertfordshire, WD17 1HP

01923 257257

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How we calculate these figures

The calculations are for illustrative purposes only and are based on several assumptions.

Umbrella

You are on a standard 1257L tax code
Class 1 National Insurance
No additional income

Limited

Your contract falls outside IR35
Director’s salary is equal to the earnings threshold for Employee’s National Insurance
All remaining company profit is taken as dividends