Take Home Pay Calculator

World class accounting from award winning chartered accountants you can trust

Calculate Your Take Home Pay

Since there are many factors to consider when determining take-home pay, it can all seem a little overwhelming. ‘Personal allowances’ and ‘income tax bands’ are just the tip of the iceberg. When you’re simply in pursuit of a straight answer, navigating condition after condition can seem exhausting.

Are you financially better suited to being classified as a Limited Company? Perhaps you’ll see significantly better numbers if you instead check the box marked ‘Sole Trader’? Who could possibly tell? We can.

That is exactly why we’ve created this simple take-home pay calculator to help you find those answers, and find them fast. Simply fill out the appropriate fields below where demonstrated: (Company Type, Income, Accountant Fees and Expenses) and click ‘calculate’ to uncover your very own detailed breakdown…

Company Type

Income

Accountant Fees

Expenses

Take Home
Salary: £0.00
Dividends: £0.00
Total Take Home: £0.00
Tax Paid
Corporation Tax: £0.00
Dividend Tax: £0.00
Income Tax: £0.00
Total Tax: £0.00

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How We Calculate These Figures

Our Take-Home Pay Calculator makes a number of assumptions in order to calculate the figures in our calculations. These are detailed below.

These calculations are for illustrative purposes only. If you want a more accurate view of your earnings for the tax year 2019/20, simply contact us for a bespoke calculation.

All calculations are based on the income and expenses entered by you.

Total take-home pay is the net salary and dividends after our estimation of tax due.

Your result doesn’t include any reimbursed expenses. We believe this gives a fairer and more accurate picture of your take home pay.

Business expenses entered are assumed to be allowable, therefore reducing taxable profits or earnings.

In all calculations, the 2019/20 income tax and NIC rates for England and Wales are used, if you are a Scottish tax resident please contact us for a bespoke calculation.

An individual’s personal tax allowance per year is £12,500 (2019/20 tax year).

It is assumed there are no earnings from other sources.

The Corporation Tax and Income Tax amounts are estimates based on the figures you’ve entered.

Limited company assumptions

The business is incorporated in the UK with a single director / shareholder.

All profits after tax are taken out of the company as dividends.

Income is based on being on the Flat Rate Scheme for VAT in the IT consultancy industry, with first year discount applied.

Expenses are assumed to be inclusive of VAT.

Assignments are not subject to IR35 – if you unsure about this you can use our IR35 calculator.

Director’s salary from the limited company is assumed to be £12,500.

Employment allowance is not taken into account.

Sole trader assumptions

Income is based on being on the Flat Rate Scheme for VAT under the IT consultancy industry, with first year discount is applied.

Expenses are assumed to be inclusive of VAT.

Beyond Accountancy

At Nordens, we're more than just accountants - we're business experts who can help you achieve your biggest goals.

Nordens Strategic

Our specialist strategic division at Nordens boasts some of the leading entrepreneurial business minds in the country. We cater towards delivering consistent success stories, whilst helping businesses achieve above and beyond their initial goals.

Through highly-tailored guidance, coaching and advice, Nordens Strategic are able to define exactly how your business can reach new levels of success.

Regardless of how you define ‘success’ for your business, our strategic service is guaranteed to bring about real and lasting change. By partnering with some of the UK’s top business coaches, we’ll steer you along the path to a greater future.

Accounting 2 You

Every business, no matter how big or small, needs to make the right decisions, and how to best manage your accounts can put huge question marks over your business. Accounting2You is here to take that pressure off and provide you with all the answers you need.

Our bookkeeping branch offers a fully inclusive, comprehensive service that you can trust. Since 2005, our specialist bookkeepers have been successfully managing the accounting of both individuals and small businesses.

With experts in payroll analysis, credit control and financial recording, Accounting2You will lead your business efficiently, and with real purpose, towards a prosperous future.

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Chris Dyer

Director - Metro Bank

Nordens are always very easy to deal with and extremely professional and efficient. I would have no hesitation in recommending them to my clients for their accountancy needs, no matter how complex they may be.

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Co-Founder - Chicmi Limited

Very good to work with - the team go above and beyond to make the accounts easy and efficient. They're all super friendly and a joy to work with.

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Director - Rose Opticians

I have been using Nordens Chartered Accountants for 5 years and very happy with the service provided. All members of the team are very knowledgeable and have a wealth of experience which has proved very beneficial to my organisation

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Very easy to contact and put me in touch with the right person whenever I need to ask any questions. Extremely knowledgeable and can help me manage my various businesses whenever I need.

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Principal - Pauline Quirke Academy

Great accountants, always available to offer advice. The team have transformed my business.

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Founder - Dataphone

Having worked with Nordens over the last 5 years, not only to look after my annual accounts but they have also provided outstanding professional advice. They have guided me through a Company share buyback with clear and objective advice. We have also been using Nordens strategic services for a couple of years, which has helped bring about significant improvements that exceeded my expectations. With experience of working with several local accountants over my 29 years in business, I’m very pleased with the service I have received from Nordens.

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Dave Hodges

Director - Linekers

Trusted our business with Nordens for over 10 years now and watched the company grow into the successful innovative business it has become today. Deservedly so. Every aspect of financial advice we need is always given promptly and with a smile. We have total confidence in all aspects of advice Nordens give. If you are looking for accountants, its a no brainer!

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Founder - Foundation Sports Limited

A fantastic, modern, vibrant firm that care about the clients and their staff in abundance. It is rare to find an Accountancy firm with such vibrance and focus and relationships. It is no wonder they win award after award in their field.

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Managing Director - Prime Time Boilers

I have been with Nordens for many years now and they are a great accountants.

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Founder - Vivid Finishes

We have used Nordens for the last 5 years and have had a great service throughout. The guys are very passionate about what they do and have played a part in the growth of our company, highly recommended.

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Managing Director - AMD Interior Architecture

Great Service at Nordens from a friendly very approachable team Particularly Kirsty Willis and Joe Sword who have been helping us since we started the business in 2016.

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Director - Forma London

Nordens provide a first class service. We moved to Nordens last year and have been impressed with the level of service provided. Keep up the good work!

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Accounting 2 You

In November 2002, having sold our other business interests off earlier in the year, I decided to set up Nordens Chartered Accountants. The easy part was knowing how to do it, as I had established and built a smaller practice a few years earlier. The difficult part, for me, was not following the traditional accountancy path. Having run businesses, both successfully and unsuccessfully, I wanted to help business owners resolve their short term problems and work with them to achieve their longer term goals. Business has always been my interest and I love that I can help business owners achieve what seems like the impossible every single working day.

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