Employee vs Contractor Calculator
Thinking of going contracting? Compare the real financial difference between employment and contracting — accounting for tax, National Insurance, benefits, pension contributions, holiday pay, and business expenses — to see which puts more money in your pocket.
👔 Employee
💼 Contractor
Employee Take-Home
£46,749
Total package: £68,450
£22.48/hr effective
Contractor Take-Home
£71,009
Gross: £99,000 | Tax: £21,991
£40.35/hr effective
Day rate to match employee take-home:
~£0/day
Includes uplift for lack of holiday pay, sick pay, and employment benefits