Limited Company Calculator

Incorporation

Taxable profits after adjustments, AIAs & Capital Allowances:


Based on your input we suggest the most beneficial action is to:

Total Savings:

Sole trader results

Personal Allowance (for those under 65):
Taxable:
Chargeable at 20%:
Chargeable at 40%:
Chargeable at 45%:
Total tax (for those under 65):
Class 2 NIC threshold
Class 2 NIC due at 2.75/w
Class 4 NIC threshold:
Class 4 NIC due at 9%:
Class 4 NIC due at 2%:
Total NIC:
Total Income Tax & NIC due:
Cash avaliable as sole trader:

Limited company results

Director Salary:
Class 2 NIC due at 2.75/w
Class 4 NIC due at 9%:
Class 4 NIC due at 2%:
Corporation Tax:
Profit for distribution:
Divi at Basic Rate:
Divi at Higher Rate:
Divi at Upper Rate:
Total tax on Dividends:
Less Tax Credit:
Total NIC:
Cash available as limited company:

Please don’t just take into account the calculation above. The decision to incorporate also needs to take account of factors such as flexibility, increased costs and the possibility of restrictions on raising finance.