SoleTraderTaxCalculator
Updated for 2026/27

Hourly rate tax calculator

Enter your hourly rate, weekly hours and estimated annual expenses. The calculator converts these to taxable profit and shows your income tax, NI and monthly take-home.

Updated for 2026/27. Uses UK tax bands and HMRC/GOV.UK guidance. Estimates only — not tax advice.

Calculate sole trader tax Read the guides
Hourly to profitExpense deductionTax estimateAnnual view
2026/27 tax year England, Scotland, Wales & NI Student loan support Practical reserve figure

Sole trader tax calculator

Self-employed tax estimate

Adjust inputs below — results update instantly.

Tax year 2026/27
How do you earn?

Enter profit after allowable business expenses — not total turnover.

The annual profit used in calculations will be monthly profit × 12.

£
£
Expenses exceed estimated turnover — check your inputs.
£
£
Expenses exceed estimated turnover — check your inputs.
£
£
£36,568take-home / year£3,047/mo
Monthly net
£3,047
Tax set-aside
£703
Quarterly reserve
£2,108
Take-home£36,568
Income Tax£6,486
National Insurance£1,946
Student loan£0
Pension£0
Show detailed breakdown ▼
Income tax£6,486.00
Class 4 National Insurance£1,945.80
Student loan£0.00
Pension contribution£0.00
Take-home after tax£36,568.20
Monthly tax set-aside£702.65
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HMRC 2026/27 · Methodology
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How payments on account work, when they apply, why they catch people out and how to plan your monthly set-aside to cover them.
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The key filing and payment deadlines sole traders must know, what late filing costs, and how to use your tax estimate to prepare in advance.
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Use the PAYE salary tool if you want an employed take-home comparison beside your self-employed result.
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Useful once you want to turn stable post-tax profit into a realistic home-buying budget.
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