Personal Illustration
	Variable Data
	Personal Allowance				4,615		Number of Shareholders				1
	Tax Code (2002/2003)				461L		Number of periods worked				52
	Estimated Gross Income (before uplift)				£  600.00		Contractor Co. Fee				3.50%
	Payment Cycle				Weekly		Insurance Charge				0.22%
	Estimated Monthly Expenses				£  100.00		Agency/Client Uplift				10%
	P.A.Y.E				£		Contractor Co.				£
	Gross Salary				600.00		Cost				660.00	A
	Income Tax				(108.04)		Employers NIC				(10.30)	B
				26,585.00
		1,920.00	192.00
		24,665.00	5,426.30
		-	-
		26,585.00	5,618.30
	Employees NIC				(55.66)		Gross Salary (37.5hrs @ £4.20/Hr)				157.50	C
	Net Salary				436.30		Holiday Pay (2.8846hrs @ £4.20/Hr)				12.12	D
							PAYE				(13.36)	E
										4,205.00
								1,920.00	192.00
								2,285.00	502.70
								4,205.00	694.70
							Employees NIC				(8.85)	F
							Net Salary  (C+D-E-F)				147.41	G
							Expenses				100.00	H
							Processing Fee				(3.50)	I
							Net Expenses  (H-I)				96.50	J
							CCS Fee				(23.10)	K
							Insurance Charge				(1.45)	L
							Company Profit (A-B-C-D-H-K-L)				355.53	M
							Corporation Tax @ 19%				(67.55)	N
							Net Dividend (M-N)				287.98	O
	Net Payment				436.30		Net Payment (G+J+O)				531.89	P
							Contractor Increase				95.59
	At Year End (April 5th)						At Year End (April 5th)
	Annually				22,687.38		Annually				27,658.13
	Additional Tax Due				-		Additional Tax Due				-
	Net Annual Income				22,687.38		Net Annual Income				27,658.13
					Overall Annual Increase at Year End						4,970.75
							Overall Weekly Increase				95.59