NetPay Illustration
This Net Pay illustration demonstrates the significant
financial benefits which can be achieved by contracting
through CPM; a significant £123 per week in this
example.
£ |
|
| Weekly invoice to agency or client | 1,000 |
| Expenses | 150 |
| No of weeks employed in year | 52 |
| Total annual invoice | 52,000 |
| Gross annual pay - Dividends - Expenses |
33,280 7,800 |
| Gross taxable salary | 8,320 |
| Tax deductible for the year | 400 |
NI payable |
766 |
| Total tax deducted at 19% | 6,323 |
| Annual net pay | 14,954 |
| Annual dividends | 26,957 |
| Weekly net pay and dividends | 806 (81%) |