Chilli Chartered Accountants

Sole trader or limited company?

Compare estimated tax, National Insurance, accounting costs and take-home income for your circumstances.

Where do you live for tax purposes?Your location affects the Income Tax rates and bands used in this estimate.Your current situationExpected annual turnover

Annual business expenses

How much money do you need from the business personally each year?Enter the approximate amount you would need to have available personally, after tax.

What do you expect to do with profits you don't need personally?Leaving profits in a limited company can sometimes make incorporation more attractive, while taking most profits personally can reduce the tax advantage.Do you have employment income?How do you expect your business profits to change?This helps us understand whether incorporation could become more attractive as your business grows.Do you have a student loan?Do you make personal pension contributions?

Estimate for the 2026/27 tax year, not personal tax advice.