UPDATE: Our Net Pay Calculator has now been updated for the 2022-23 tax rates. Please download the latest version below.
As part of our series of blogs on IR35 Off-Payroll Reform, Marie Pegram, Partner and Recruitment Industry Specialist at UHY Hacker Young provides guidance on how to use our Net Pay Calculator.
The Net Pay Calculator helps you understand the additional costs of employment when tax and NICs are paid directly. Within this simple Excel based Net Pay Calculator, you can enter your pay rate, and then it will work out all the taxes that will be deducted to provide net pay.
For more information on IR35 please read our latest blog: IR35: understanding the impact on contractors
Please download the Net Pay Calculator below.