🇬🇧 2026–27 Tax Year · Updated April 2025

Know exactly what to
pay yourself
from your Limited Company.

Enter what you bill and Contractor Pay Calculator IQ works out the most tax-efficient salary and dividend split — then shows your real take-home pay, after corporation tax, dividend tax and National Insurance. Built for one or two directors.

One-time payment, no subscription Runs entirely in your browser Your data never leaves your device Instant delivery by email
Contractor Pay Calculator IQ — Live Preview
What you bill (annual)
£
Number of directors
Allowable expenses (annual)
£

Recommended salary
£0
Corporation Tax
£0
Dividend Tax
£0
Dividends after tax
£0
Est. total take-home
most efficient salary + dividends
£0
Enter what you bill — the calculator finds the most tax-efficient salary and dividend split automatically. The full app then tracks it month by month.
2026–27
Tax year covered
£500
Dividend allowance
15%
Employer NI rate (Apr 2025)
£4.99
One-time price

What's included

Every figure that matters to a UK Limited Company contractor

Built specifically for UK Limited Company directors who want clarity on their tax position throughout the year — not just at self-assessment time.

💷

Take-Home Pay Calculator

Enter what you bill and the app finds the most tax-efficient salary and dividend split for you — then shows your real take-home, monthly and annual. No guesswork.

📊

Dividend Tax Calculator

Applies the 2026–27 dividend allowance (£500) and rates across basic (10.75%), higher (35.75%), and additional (39.35%) rate bands automatically.

🏢

Corporation Tax

Correctly calculates small profits rate (19%), main rate (25%), and marginal relief for profits between £50,000 and £250,000 — a calculation many tools get wrong.

👤

Employer NI & Employment Allowance

Applies the 15% employer NI rate and £5,000 secondary threshold — and claims the £10,500 Employment Allowance automatically when you have two directors on the payroll.

📅

Month-by-Month Tracker

Log each month's billing, salary and dividends. The dashboard shows your year-to-date cash in hand, what to set aside for tax, and a calendar of upcoming HMRC deadlines.

🔒

Fully Private — No Account Needed

Everything runs in your browser. No server, no login, no cloud. Your financial data is stored locally using browser storage and never transmitted anywhere.

📈

Pension vs Cash Scenarios

Compare taking it all as cash against paying into a pension — see your cash in hand now, your total tax, and your total value kept (cash plus pension) side by side.


Getting started

Up and running in under two minutes

No installation, no software, no account. Just a single HTML file that runs in any modern browser.

1

Purchase securely

Pay £4.99 via Stripe. Your card details are handled entirely by Stripe — we never see them.

2

Receive your email

Within seconds, an email arrives with your personal licence key and the app file attached.

3

Open the file

Save the HTML file and open it in Chrome, Safari, or Edge — no installation required. On a phone or tablet it works too: see "Using it on your phone or tablet" in the Help panel for the quick step-by-step.

4

Unlock and start

Enter your name, email, and licence key. Your data saves automatically as you work throughout the tax year.


Example calculation

What does £80,000 of billing look like?

A contractor billing £80,000 a year, taking the most tax-efficient salary plus dividends — the split the app calculates for you.

Annual billing£80,000
Allowable expenses£5,000
Recommended director salary (at NI threshold)£12,570
Employer NI on salary (15%)−£1,136
Corporation tax (with marginal relief)−£12,493
After-tax profit available for dividends£48,801
Dividend tax (10.75% / 35.75%, above £500 allowance)−£7,843
Your take-home pay — one director£53,529
…or two directors (income split + Employment Allowance)£61,293

Important: This example is for illustrative purposes only. Your actual liability will depend on your individual circumstances, including any other income, tax reliefs, and HMRC determinations. This does not constitute financial or tax advice. Consult a qualified accountant for guidance specific to your situation.


Frequently asked questions

Common questions

Is this suitable for my Limited Company?

It is designed for UK Limited Company directors taking a low salary alongside dividends. It supports companies with one or two directors/shareholders — including the £10,500 Employment Allowance where two directors are on the payroll. It is not built for sole traders, partnerships, or companies with three or more shareholders.

Does this replace my accountant?

No. It was built by a contractor looking for an easy way to estimate take-home pay — not by a qualified accountant — and it is for planning and awareness only. It does not constitute tax advice and cannot account for every individual circumstance. Always consult a qualified accountant for your self-assessment and tax affairs.

Are the tax figures up to date?

Yes — the calculator uses 2026–27 rates and thresholds, including the employer NI changes introduced in the April 2025 Autumn Budget. Always verify current rates at gov.uk/hmrc, as legislation can change.

Where is my data stored?

Everything is stored in your browser's local storage on your own device. No data is ever sent to a server. Clearing your browser data will clear your saved figures, so we recommend keeping a copy of the HTML file.

What do I receive after purchasing?

You receive an email with your personal licence key and the calculator as an HTML file attachment. Open the file in any modern browser, enter your licence key, and you are ready to go.

Can I share the file with a colleague?

The licence is personal to you. Each licence key is generated from your email address and cannot be used by others. Please purchase a separate licence for each user.

What is the first-year "payment on account"?

In your first year of Self Assessment, your January bill is the tax you owe plus a 50% payment on account towards next year — with another 50% the following July. The app flags this first-year "triple whammy" so it does not catch you out. Just tick "first year as a contractor" in the calculator.

Does it handle one or two directors?

Both. Choose one or two directors and the calculator splits income to minimise tax and claims the £10,500 Employment Allowance automatically when two directors are on the payroll.

Can it compare paying into a pension vs taking cash?

Yes — the Scenarios tab shows three options side by side: take it all as cash, pay a chosen amount into a pension, or maximise your pension. For each you see your monthly cash in hand, your total tax, and your "total value kept" (cash plus pension), so you can weigh spending power now against long-term wealth.


Pricing

Simple, one-time pricing

No subscription. No renewal. Pay once and use it all tax year.

Contractor Pay Calculator IQ

£ 4.99

One-time payment · Personal licence · Instant delivery

🔒 Secure payment via Stripe · Delivered by email instantly

By purchasing you confirm you have read and agreed to our disclaimer. This tool does not constitute financial or tax advice.