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Contractor Take Home Pay
Umbrella Company v Own Ltd Company Here you can see why many contractors prefer setting up a limited company for their payroll solution*.
By using a limited company, contractors receive a higher amount of take home pay.
*These figures are relevant for the 2016/2017 tax year, based on 46 working weeks per year and a set salary of £11,020. The umbrella company calculation is based on £30 per week in administration fees with no expenses, while the limited company calculation is based on £200 per week in expenses and is inclusive of all Churchill Knight fees. Take home pay is subject to individual circumstances and eligibility. Should you require a personalised take home pay calculation for your candidate, simply refer them to us and we can provide a tailored quote. Contact: [email protected] 01707 669040 / 07912 516727
