Single Person as Employee £45,000 pa
Employers NICs  | 4,961  | 
  | 
  | 
Salary  | 45,000  | 
  | 
  | 
PAYE @ 0% on 4,335  | 0  | 
PAYE @ 10% on 1,500  | 150  | 
PAYE @ 23% on 26,500  | 6,095  | 
PAYE @ 40% on 12,665  | 5,066  | 
Employees NICs on 26,000  | 2,600  | 
  | 
  | 
Corporation Tax  | 0  | 
  | 
  | 
Total Tax and NI  | 18,872  | 
  | 
  | 
After Tax Income  | 31,089  | 
Single Person as Limited Company £49,961 pa
Fee Income  | 49,961  | 
  | 
  | 
Employers NICs  | 0  | 
  | 
  | 
Salary  | 4,344  | 
Employees NICs  | 91  | 
PAYE  | 0  | 
  | 
  | 
Corporation Tax @ 20% on 45526  | 9,113  | 
  | 
  | 
Marginal PAYE @ 10% on 1,500  | (150)  | 
Marginal PAYE @ 23% on 26,500  | 780  | 
Marginal PAYE @ 40% on 18,876  | 3775  | 
  | 
  | 
Total Tax and NI  | 13,510  | 
  | 
  | 
After Tax Income  | 36,415  | 
Net Lost Income to Contractor  | (5,362)  | 
Net PAYE loss to Inland Revenue  | (2,199)  | 
Net NICs gain to DSS  | 7,470  |