Employed and self-employed tax calculator

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 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.

See what you could take home after tax

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.

Capital at risk. Pension rules apply.

Most people ask us...

How does the employed and self-employed calculator work?

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.

How are my taxes calculated if I’m employed and self-employed?

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.

I’m self-employed. Should I have a pension?

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?

What’s the best option for a self-employed pension?

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.


Still not answered your question? Take a look at our pension FAQs

Try Nutmeg

Select an investment style and risk level and our in-house investment team will manage a globally diversified portfolio on your behalf. 

Open a pension

Start a Nutmeg pension in minutes with just £500.

Open a pension

Capital at risk. Pension rules apply.

Transfer a pension

Bring all of your pensions under one roof.

Transfer a pension

Capital at risk. Pension rules apply.

As with all investing, your capital is at risk. The value of your portfolio with Nutmeg can go down as well as up and you may get back less than you invest. Pension rules apply.

Arrange a call with customer support

Our team of specialists can help answer any questions you may have.

Arrange a call