Full Time Employment-
Working locally
Income £1000 a month
Water- £20 a month
Rent- £400
Food- £200
Energy- £60
Income tax- £11,000 tax free (£1000 20% = £200pa) /12 £16
National Insurance- £12
Makeup and hair- £50
TOTAL: £242
Working 30 minute drive away
Income £1250 a month
Water- £20 a month
Rent- £400
Food- £200
Energy- £60
Car insurance- £80-£120
Fuel- £80
Parking- £60
Income tax- £4000 20% = £800pa /12 £66
National Insurance- £12
Makeup and hair- £50
TOTAL: £182
Working in London
Income £1500 a month
Water- £20 a month
Rent- £400
Food- £200
Energy- £60
Car insurance- £80-£120
Fuel- £80
Parking- £60
Income tax- £7000 20% = £1400pa /12 £116
National Insurance- £12
Season ticket London to Harlow- £400
Makeup and hair- £50
TOTAL: £147.70
Self Employed
Income £31,200pa -holiday £2,400 =£28,800
Photographic Equipment- £1600pa
Software- £216
Studio Hire- £3,600
Equipment Insurance – £400
Third Party liability Insurance- £200
Accountancy Fees-£350
Advertising-£250
Pension Contributions: £1200
Entertainment: £420
TOTAL: £20,564- tax £11,000 =£9564 – nic £144 =£9420
-tax £1884 = £7536 +£11000= £18536
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£18,536
Water- £240
Rent- £4800
Food- £2400
Energy- £720
Makeup and hair- £600
Car insurance- £1800
Fuel- £960
TOTAL: £7,016pa /12 =£584 a month
Income £25,800
Photographic Equipment- £1600pa
Software- £216
Studio Hire- £3,600
Equipment Insurance – £400
Third Party liability Insurance- £200
Accountancy Fees-£350
Advertising-£250
Pension Contributions: £1200
Entertainment: £420
TOTAL: £17,564- tax £11,000 =£6564 – nic £144 =£6420
-tax £1240 = £5180 +£11000= £16,180
£16,180 – £7,016 = £9,164 / 52 = £176pw
Rachel Jacob 