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UK Self-Employed Tax Calculator

Estimate your Income Tax and National Insurance for the 2024/25 tax year. Perfect for freelancers and sole traders.

Enter Your Details

Total invoiced before expenses

Equipment, software, travel, etc.

Take Home

£35,415.90

£2,951.33/month

Total Tax

£9,584.10

21.3% effective rate

Taxable Income

£45,000.00

After £5,000.00 expenses

Tax Breakdown (2024/25)

Gross Income£50,000.00
Less: Business Expenses-£5,000.00
Taxable Profit£45,000.00
Personal Allowance
£12,570.00

Income Tax

Basic Rate (20%)£6,486.00
Total Income Tax£6,486.00

National Insurance

Class 2 (£3.45/week)£179.40
Class 4 (9% / 2%)£2,918.70
Total National Insurance£3,098.10
Total Tax & NI£9,584.10
Take Home Pay£35,415.90

Estimate Only

This calculator provides an estimate based on 2024/25 tax rates for sole traders. It doesn't account for student loan repayments, pension contributions, or other adjustments. Always consult an accountant for accurate tax advice.

2024/25 Tax Rates

Personal Allowance£12,570
Basic Rate (20%)£12,571 - £50,270
Higher Rate (40%)£50,271 - £125,140
Additional Rate (45%)Over £125,140

National Insurance Rates

Class 2 NI£3.45/week
Class 4 NI (Main)9% on £12,570-£50,270
Class 4 NI (Upper)2% over £50,270

Track Expenses Automatically

RecoupIQ tracks your invoices and expenses, making tax time simple. Know exactly what you owe, all year round.