Required MRR
See what you actually take home from your MRR after platform fees, business costs, and tax. Or find the MRR you need for a target income.
£
3 paying customers
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▾
GBP
%
Stripe Fees £76
Standard (1.5%)
£75
Transaction fees (GBP 0.2/txn)
£0.5
Business Expenses (Monthly) £325
Accounting Software
£25
Coworking Space
£300
Self-employed individual trading under their own name or a business name. Simplest structure with personal liability.
Taxes & National Insurance £989
Income Tax
£792
Class 4 National Insurance
£197
Optimization:
Consider forming a Limited Company
At your profit level, a Ltd company could reduce your tax burden through the salary/dividend split strategy.
(save £794/yr) Fees 2% Expenses 7% Tax 20% Take-Home 72%
Net Take-Home £3,610 /mo £43,324 /yr