Sole trader take-home pay calculator
Work out what your self-employment actually pays you in 2026/27: enter your turnover and expenses (or claim the £1,000 trading allowance) and see Income Tax, Class 4 National Insurance and payments on account taken off before your take-home pay.
Worked examples
Example 1, £30,000 turnover, no expenses
| Trading profit | £30,000 |
|---|---|
| Income Tax | £3,486 |
| Class 4 NIC | £1,045.8 |
| Take-home pay | £25,468.2 |
Example 2, £80,000 turnover, £15,000 expenses
| Trading profit | £65,000 |
|---|---|
| Income Tax | £13,432 |
| Class 4 NIC | £2,556.6 |
| Take-home pay | £49,011.4 |
Class 4 National Insurance rates 2026/27
| Profits per year | Class 4 rate |
|---|---|
| £12,570 or below (Lower Profits Limit) | 0% |
| £12,570 to £50,270 (Upper Profits Limit) | 6% |
| Above £50,270 | 2% |
gov.uk NIC ↗ gov.uk tax rates ↗
Frequently asked questions
How do I work out my take-home pay as a sole trader?
Deduct your allowable expenses (or the £1,000 trading allowance) from turnover to get taxable trading profit, then subtract Income Tax on your profit and other income and Class 4 National Insurance at 6% between £12,570 and £50,270 and 2% above that.
Do sole traders pay Class 2 National Insurance in 2026/27?
No. Mandatory Class 2 was abolished from 2024/25. If your profits are above £6,845 you get NI credits automatically; below that you can pay voluntary Class 2 of £3.65 a week to protect your State Pension.
What are payments on account?
If your Self Assessment bill is over £1,000, HMRC usually asks for two advance payments of half the previous year’s liability, due 31 January and 31 July.