How does it work?

  
How we do the calculation:
 
 
 
    Without
   With
 
 
    Expenses
   Expenses
 
 
 
 
 
40hrs at £12.00 per hour
£480.00
£480.00
 
 
 
 
Less company
Management Fee
-£12.50
-£12.50
expenses
Reserved for holiday pay (10%)
-£48.00
-£48.00
 
Expenses (average)
£0.00
-£96.00
 
Employer NIC
-£40.90
-£28.61
 
 
 
 
Gross Pay
 
£378.60
£294.89
Minus Tax & NI
PAYE
£64.81
£43.69
 
Employee NIC
£35.14
£24.58
 
 
 
 
Net Pay
 
£278.65
£226.62
 
Expenses reimbursed
£0.00
£96.00
Take home
 
£278.65
£322.62
 
In the above example the PAYE and NIC liability would be reduced by £43.97
 
For a more accurate price comparison, why not give us a call with your weekly gross pay or hourly rate and normal hours worked along with how much you would normally claim in expenses per week and we will give you a quote over the phone.
 
 

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Contact Details

Address :
96a High Road
Beeston
Nottingham
NG9 2LF

Tel : 0115 922 8600
Fax : 0115 922 8222
Email : Click here


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