Take Home Pay = 7.5 hours a day, 5 days a week for 50 weeks a year
Annual company expenses = £7500
Limited Company is eligible to be registered under the Flat Rate VAT scheme as a limited cost trader and is in it's first year of trading
Limited Company employs family member on salary of £8,424 entitling claim to Employment Allowance
Maximum available dividends are declared to the shareholder
Assignments are not subject to IR35
How much could you take home as a Limited Company contractor?
Monthly take-home pay:
For illustration purposes only, based on a series of
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