Whether you’re employed, self-employed or a combination of both, working out your take home pay after tax can be tricky. With our employed and self-employed tax calculator, you can very quickly find out how much income tax and national insurance you should expect to pay, as well as the impact this will have on your pension.
Enter your details
Income tax on all income
National Insurance on employed pay
National Insurance on self-employed pay
Take home pay
Your contributions to your pension
Total contributions to your pension
As with all investing, your capital is at risk. These calculations are based on a number of assumptions, are for illustrative purposes only and do not constitute tax advice or recommendations. A pension may not be right for everyone and tax rules may change in the future. If you are unsure if a pension is right for you, please seek financial advice.
Capital at risk. Pension rules apply.
Our employed and self-employed calculator gives you an estimated income and national insurance tax bill based on your annual gross salary, self-employment income, self-employment expenses and pension contributions. That way you can plan your finances with more confidence.
If you’re an employee, your income tax and national insurance contributions are generally deducted from your salary before you receive it. However, if you’ve earned over £1,000 from self-employment, you may need to submit a self-assessment tax return and pay income tax and national insurance on this income.
Pensions are an efficient way to invest for everyone, not only salaried staff. Between putting all your time into developing a business, finding clients and doing the work you find rewarding, setting up a pension may not seem like a priority. But think of it this way: why risk facing a less comfortable retirement simply because you're self-employed?
Self-employed incomes tend to fluctuate, and so it’s vital you have the option to pay more, less or not at all. Personal pensions allow you to do just that, but there are many types of pension within this category to choose from.
Select an investment style and risk level and our in-house investment team will manage a globally diversified portfolio on your behalf.
Our team of specialists can help answer any questions you may have.