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umbrella company calculations help needed please
BASFORDLAD
Posts: 2,418 Forumite
Can someone help me with some calculations please
I am going round in circles with these figures and not getting any where , Trying to work out if better of through PAYE/Umbrella
So the figures are as follows
Earnings to date for this tax year £2500. Nil tax paid. therefore way under taxable allowance so far.
Umbrella taxable income would be 229(as thats minimum wage and smallest amount that can work out tax on) (after expenses)
Out of this figure need to work out
Tax (taking in to account what have earned so far this tax year and the number of weeks left in tax year)
Employers NI and employees NI
Then i can add the lot together(tax free expenses etc) minus the umbrella fee and thats the take home pay:
PAYE Salary £370 . So just Employees NI, and tax(again taking in to account income for year)
any help would be appreciated as for some reason loosing this!. The main probiem is taking into account the income earned/not earned
I am going round in circles with these figures and not getting any where , Trying to work out if better of through PAYE/Umbrella
So the figures are as follows
Earnings to date for this tax year £2500. Nil tax paid. therefore way under taxable allowance so far.
Umbrella taxable income would be 229(as thats minimum wage and smallest amount that can work out tax on) (after expenses)
Out of this figure need to work out
Tax (taking in to account what have earned so far this tax year and the number of weeks left in tax year)
Employers NI and employees NI
Then i can add the lot together(tax free expenses etc) minus the umbrella fee and thats the take home pay:
PAYE Salary £370 . So just Employees NI, and tax(again taking in to account income for year)
any help would be appreciated as for some reason loosing this!. The main probiem is taking into account the income earned/not earned
For everthing else there's mastercard.
For clampers there's Barclaycard.
For clampers there's Barclaycard.
0
Comments
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Come on, you've been on here long enough to know better than to post the same thing on two boards - make your mind up and post on one.
I've already posted a reply on the Cutting Tax board.
https://forums.moneysavingexpert.com/discussion/43073130
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