PAYE vs Self-Employed Calculator
Compare your take-home
Same money earned as a salary (PAYE) vs as self-employed profit. Updates live.
£
Income tax is the same either way - the difference is National Insurance.
Self-employed take-home advantage
PAYE (employee)
take-home
- Income tax (both)
- PAYE - Class 1 NI
- Self-employed - Class 4 + 2 NI
Take-home isn't the whole story
Employees get
- Employer pension contributions
- Paid holiday & sick pay
- Maternity/paternity pay
- Income stability
Self-employed get
- Lower National Insurance
- Claim business expenses
- Flexibility & control
- But fund your own pension/cover
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