ICS Accounting For Contractors - Contractor Tax Calculator

ICS Accounting has a range of contractor accounting services that meet your requirements based on the sector you operate in and the rate you charge. Use the 'Calculate your take-home pay' tool below and discover the best option for you. You may want to calculate tax and find out how much tax you pay as ‘self-employed’, but often people find themselves benefiting from being employed through their own limited company or an umbrella company. This calculator takes those factors into consideration to provide you with an estimate of your annual income and expenses, categorising this into weekly take-home pay with an ICS Accounting limited and umbrella company.

Calculate your take-home pay

Hours Per Week:
Rate (£):
Monthly Expenses (£):

The ICS contractor tax calculator has been designed specifically with contractors in mind. By entering just a few basic details into the tax calculator above, you can quickly and effectively see how much you could be earning by working as a contractor through ICS Umbrella, our umbrella company or as your own limited company using ICS Accounting. These calculations are based on the assumption that you work 48 weeks per full tax year. With the umbrella solution, no expenses are worked out in this calculation. For more information on claiming expenses through our Umbrella solution, please contact one of the ICS Accounting team.

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At ICS Accounting we pride ourselves on offering a personal service tailored to your own individual needs and our dedicated account team will be available to answer questions and offer advice as and when you need them.

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Top level contracting advice

At ICS Accounting we specialise in offering contractor services, such as a wide range of accountancy, administrative and tax advisory services to ensure you and your limited company are operating in a compliant manner.