How much can I save with an umbrella company?

How much can I save?

Use the tax calculator on the left of this page to find out how much you could save.

The tax calculator uses your salary, tax code, monthly expenses and daily mileage to generate a fairly accurate amount of money you could save. Our charges have already been taken into consideration.

Of course the amount you could save will depend on your personal circumstances. We work closely with the Inland Revenue to make this amount as high as it possibly can be without breaking the law.

We provide all our members with an employee handbook to maximise the amount they can claim on expenses legitametly reducing your tax bill.

A typical contractor would saving the amounts below for each of the given hourly rates.

The calculations have been based on the normal tax code, 474L. 15 miles per day travelling and £100 a month expenses. We've also assumed that your partner is on the payroll providing you with administrative support.

Typical annual savings
Hourly rate Annual saving
£20 £2,951
£25 £3,419
£30 £3,419

 

Enter your details below to find out how much better off you could be with Career Management Ltd
Salary £
Miles per day
Other expenses £ per month
Tax code (ignore letters)
Second person on payroll Yes No
Usual take home pay £
Take home pay with CML £
Saving per year £
Saving per month £
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