Enter your average income below to estimate applicable free-cash in all major European cities. By free-cash we mean your disposable income, left in your pocket after paying tax, rent, insurance, public transport, food expenses and basic entertainment. How does it work?

average income is
£ 1150
per

Your estimated
City
free-cash

Valencia , Spain
£354
£397
£527
£483
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 150
income
-
-
-
262
accident
-
-
-
7
unemployment
-
-
-
6
pensions
-
-
-
233
other
-
-
-
1
total
-
-
-
509
Employee
329
-
887
-
other
-
-
1
-
income
63
-
237
-
unemployment
5
-
13
-
pensions
15
-
39
-
total
83
-
290
-
Employer
329
-
887
-
unemployment
18
-
45
-
pensions
78
-
194
-
other
3
-
7
-
accident
7
-
16
-
total
106
-
262
-
Corporate
717
1 150
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

108
173
-
-
total
108
173
-
-
Dividends
609
977
-
-
withholding
126
206
-
-
total
126
206
-
-
Income
1 150
1 150
1 150
1 150
Total tax
423
379
552
509
After tax
727
771
598
641
Living cost
244
244
244
244
Free-cash
483
527
354
397

Estimated living cost  is £244 per week

£165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Bratislava , Slovakia
£426
£376
£608
£546
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 150
income
-
-
-
155
health
-
-
-
51
pensions

Participation in the individual account program is voluntary (6% of an income). The decision to contribute to an individual account must be made before the age of 35 and cannot be reversed.

-
-
-
276
other
-
-
-
55
total
-
-
-
537
Employee
323
-
919
-
income
56
-
170
-
health
5
-
13
-
unemployment
3
-
9
-
pensions

Participation in the individual account program is voluntary (6% of an income). The decision to contribute to an individual account must be made before the age of 35 and cannot be reversed.

23
-
64
-
total
87
-
256
-
Employer
323
-
919
-
unemployment
3
-
9
-
pensions

Participation in the individual account program is voluntary (6% of an income). The decision to contribute to an individual account must be made before the age of 35 and cannot be reversed.

55
-
156
-
other
16
-
46
-
accident
3
-
7
-
health
5
-
13
-
total
82
-
231
-
Corporate
746
1 150
-
-
income
157
241
-
-
total
157
241
-
-
Dividends
589
909
-
-
withholding
41
64
-
-
total
41
64
-
-
Income
1 150
1 150
1 150
1 150
Total tax
367
305
487
537
After tax
783
845
663
613
Living cost
237
237
237
237
Free-cash
546
608
426
376

Estimated living cost  is £237 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
£821
£779
£867
£825
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 150
income
-
-
-
172
health
-
-
-
36
unemployment
-
-
-
1
pensions

Individual pension and social contributions account is optional for those who entered the labor force after 31 December, 2014.

-
-
-
46
total
-
-
-
255
Employee
154
-
1 089
-
income
15
-
109
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

14
-
27
-
total
38
-
153
-
Employer
154
-
1 089
-
unemployment
1
-
2
-
pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

17
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
11
-
21
-
total
31
-
60
-
Corporate
966
1 150
-
-
income
97
115
-
-
total
97
115
-
-
Dividends
869
1 035
-
-
withholding
43
52
-
-
total
43
52
-
-
Income
1 150
1 150
1 150
1 150
Total tax
209
167
213
255
After tax
941
983
937
895
Living cost
116
116
116
116
Free-cash
825
867
821
779

Estimated living cost  is £116 per week

£68
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
£374
£349
£276
£329
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 150
income
-
-
-
147
social contributions
-
-
-
33
health
-
-
-
36
surtax
-
-
-
-
pensions
-
-
-
245
other
-
-
-
36
total
-
-
-
497
Employee
380
-
914
-
income
22
-
156
-
social contributions
11
-
26
-
surtax
-
-
-
-
pensions
43
-
53
-
total
76
-
235
-
Employer
380
-
914
-
unemployment
15
-
37
-
social contributions
1
-
3
-
pensions
62
-
92
-
other
13
-
32
-
health
27
-
73
-
total
118
-
237
-
Corporate
651
1 150
-
-
income
182
322
-
-
surtax
-
-
-
-
total
182
322
-
-
Dividends
469
828
-
-
withholding
60
106
-
-
surtax
-
-
-
-
social contributions
81
142
-
-
total
141
248
-
-
Income
1 150
1 150
1 150
1 150
Total tax
517
570
472
497
After tax
633
580
678
653
Living cost
304
304
304
304
Free-cash
329
276
374
349

Estimated living cost  is £304 per week

£192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Rotterdam , Netherlands
£274
£291
£191
£136
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 150
income
-
-
-
273
health
-
-
-
110
pensions
-
-
-
104
total
-
-
-
487
Employee
759
759
985
-
income

It is possible to apply for a 30% ruling (tax reduction) for salaries over €37,000 per annum.

124
124
124
-
health
116
99
110
-
pensions
137
104
104
-
total
377
327
338
-
Employer
759
759
985
-
unemployment
27
27
34
-
pensions
53
53
66
-
health
53
53
66
-
total
133
133
166
-
Corporate
268
258
-
-
income
54
52
-
-
total
54
52
-
-
Dividends
214
207
-
-
withholding
32
31
-
-
income
46
44
-
-
total
78
75
-
-
Income
1 150
1 150
1 150
1 150
Total tax
642
587
504
487
After tax
508
563
646
663
Living cost
372
372
372
372
Free-cash
136
191
274
291

Estimated living cost  is £372 per week

£264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Dresden , Germany
£494
£378
£311
£408
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

-
-
-
1 150
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
309
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
61
trade
-
-
-
116
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
-
-
17
total
-
-
-
503
Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

340
-
1 150
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

9
-
309
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

61
-
61
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

1
-
17
-
total
71
-
387
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
810
1 150
-
-
chamber of commerce
3
3
-
-
income
122
173
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

7
9
-
-
trade
128
181
-
-
total
260
366
-
-
Dividends
552
784
-
-
withholding
135
193
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

7
11
-
-
total
142
204
-
-
Income
1 150
1 150
1 150
1 150
Total tax
473
570
387
503
After tax
677
580
763
647
Living cost
269
269
269
269
Free-cash
408
311
494
378

Estimated living cost  is £269 per week

£169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Larnaca , Cyprus
£588
£599
£633
£586
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 150
income
-
-
-
172
social contributions
-
-
-
144
health
-
-
-
29
total
-
-
-
345
Employee
683
683
1 054
-
income
74
63
167
-
social contributions
26
57
76
-
health
5
12
18
-
total
105
132
261
-
Employer
683
683
1 054
-
social contributions
26
57
76
-
health
6
13
19
-
total
32
70
95
-
Corporate
807
397
-
-
income
101
50
-
-
total
101
50
-
-
Dividends
706
348
-
-
withholding
120
59
-
-
total
120
59
-
-
Income
1 150
1 150
1 150
1 150
Total tax
358
311
356
345
After tax
792
839
794
805
Living cost
206
206
206
206
Free-cash
586
633
588
599

Estimated living cost  is £206 per week

£123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Lisbon , Portugal
£276
£350
£376
£366
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
1 150
income
-
-
-
121
social contributions

Social contributions in Portugal are calculated from the total income before any reductions apply.

-
-
-
400
surtax
-
-
-
-
total
-
-
-
521
Employee
409
-
929
-
income
85
-
272
-
social contributions
45
-
102
-
surtax
-
-
-
-
total
130
-
374
-
Employer
409
-
929
-
social contributions
97
-
221
-
total
97
-
221
-
Corporate
644
1 150
-
-
income
135
241
-
-
surtax
-
-
-
-
total
135
241
-
-
Dividends
509
909
-
-
withholding
143
254
-
-
total
143
254
-
-
Income
1 150
1 150
1 150
1 150
Total tax
505
495
595
521
After tax
645
655
555
629
Living cost
279
279
279
279
Free-cash
366
376
276
350

Estimated living cost  is £279 per week

£209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Batumi , Georgia
£853
£1071
£1025
£1013
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
1 150
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
12
total
-
-
-
12
Employee
83
-
1 150
-
income
17
-
230
-
total
17
-
230
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

1 067
1 150
-
-
total
-
-
-
-
Dividends
1 067
1 150
-
-
withholding
53
58
-
-
total
53
58
-
-
Income
1 150
1 150
1 150
1 150
Total tax
70
58
230
12
After tax
1 080
1 092
920
1 138
Living cost
67
67
67
67
Free-cash
1 013
1 025
853
1 071

Estimated living cost  is £67 per week

£41
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£18
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Ljubljana , Slovenia
£313
£345
£554
£479
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
1 150
income
-
-
-
242
health
-
-
-
113
unemployment
-
-
-
2
pensions
-
-
-
210
total
-
-
-
567
Employee

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

393
-
995
-
income
68
-
225
-
health
25
-
64
-
unemployment
1
-
1
-
pensions
61
-
154
-
total
155
-
444
-
Employer

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

393
-
995
-
unemployment
-
-
1
-
pensions
35
-
88
-
health
26
-
66
-
total
61
-
155
-
Corporate
696
1 150
-
-
income
132
218
-
-
total
132
218
-
-
Dividends
564
932
-
-
withholding
85
140
-
-
total
85
140
-
-
Income
1 150
1 150
1 150
1 150
Total tax
433
358
599
567
After tax
717
792
551
583
Living cost
238
238
238
238
Free-cash
479
554
313
345

Estimated living cost  is £238 per week

£164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Sliema , Malta
£520
£516
£377
£408
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
1 150
income
-
-
-
253
health

This is an average price for a private worldwide health insurance. The price will vary depending on your age and health condition.

-
-
-
58
total
-
-
-
311
Employee
408
-
1 109
-
social contributions
41
-
41
-
income
44
-
225
-
total
85
-
266
-
Employer
408
-
1 109
-
social contributions
41
-
41
-
total
41
-
41
-
Corporate
702
1 150
-
-
income
246
403
-
-
total
246
403
-
-
Dividends
456
747
-
-
social contributions
47
47
-
-
total
47
47
-
-
Income
1 150
1 150
1 150
1 150
Total tax
419
450
307
311
After tax
731
700
843
839
Living cost
323
323
323
323
Free-cash
408
377
520
516

Estimated living cost  is £323 per week

£212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Vilnius , Lithuania
£539
£550
£514
£519
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 150
income
-
-
-
173
social contributions
-
-
-
159
health
-
-
-
80
total
-
-
-
412
Employee
301
-
1 150
-
income
50
-
184
-
social contributions
42
-
159
-
health
21
-
80
-
total
113
-
423
-
Employer
301
-
1 150
-
total
-
-
-
-
Corporate
849
1 150
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

42
57
-
-
total
42
57
-
-
Dividends
806
1 093
-
-
withholding
121
164
-
-
health
56
76
-
-
social contributions
111
151
-
-
total
288
391
-
-
Income
1 150
1 150
1 150
1 150
Total tax
443
448
423
412
After tax
707
702
727
738
Living cost
188
188
188
188
Free-cash
519
514
539
550

Estimated living cost  is £188 per week

£126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Prague , Czech Republic
£339
£360
£548
£462
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 150
income
-
-
-
106
social contributions
-
-
-
285
solidarity contribution
-
-
-
-
health
-
-
-
155
total
-
-
-
546
Employee
359
-
858
-
solidarity contribution
-
-
-
-
income
43
-
103
-
social contributions
23
-
56
-
health
48
-
116
-
total
114
-
275
-
Employer
359
-
858
-
social contributions
90
-
215
-
health
32
-
77
-
total
122
-
292
-
Corporate
669
1 150
-
-
income
127
218
-
-
total
127
218
-
-
Dividends
542
932
-
-
withholding
81
140
-
-
total
81
140
-
-
Income
1 150
1 150
1 150
1 150
Total tax
444
358
567
546
After tax
706
792
583
604
Living cost
244
244
244
244
Free-cash
462
548
339
360

Estimated living cost  is £244 per week

£181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tbilisi , Georgia
£816
£1034
£988
£969
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
1 150
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
12
total
-
-
-
12
Employee
130
-
1 150
-
income
26
-
230
-
total
26
-
230
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

1 020
1 150
-
-
total
-
-
-
-
Dividends
1 020
1 150
-
-
withholding
51
58
-
-
total
51
58
-
-
Income
1 150
1 150
1 150
1 150
Total tax
77
58
230
12
After tax
1 073
1 092
920
1 138
Living cost
104
104
104
104
Free-cash
969
988
816
1 034

Estimated living cost  is £104 per week

£70
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£4
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£26
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Paris , France
£249
£224
£151
£210
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 150
income
-
-
-
147
social contributions
-
-
-
33
health
-
-
-
36
surtax
-
-
-
-
pensions
-
-
-
245
other
-
-
-
36
total
-
-
-
497
Employee
556
-
914
-
income
49
-
156
-
social contributions
16
-
26
-
surtax
-
-
-
-
pensions
63
-
53
-
total
128
-
235
-
Employer
556
-
914
-
unemployment
23
-
37
-
social contributions
2
-
3
-
pensions
91
-
92
-
other
19
-
32
-
health
39
-
73
-
total
174
-
237
-
Corporate
420
1 150
-
-
income
118
322
-
-
surtax
-
-
-
-
total
118
322
-
-
Dividends
302
828
-
-
withholding
39
106
-
-
surtax
-
-
-
-
social contributions
52
142
-
-
total
91
248
-
-
Income
1 150
1 150
1 150
1 150
Total tax
511
570
472
497
After tax
639
580
678
653
Living cost
429
429
429
429
Free-cash
210
151
249
224

Estimated living cost  is £429 per week

£290
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Belgrade , Serbia
£497
£499
£678
£633
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

-
-
-
1 150
income
-
-
-
251
health
-
-
-
67
unemployment
-
-
-
10
pensions
-
-
-
170
total
-
-
-
498
Employee

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

231
-
1 033
-
income
32
-
251
-
health
12
-
34
-
unemployment
2
-
5
-
pensions
32
-
92
-
total
78
-
382
-
Employer

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

231
-
1 033
-
unemployment
2
-
5
-
pensions
28
-
79
-
health
12
-
34
-
total
42
-
118
-
Corporate
878
1 150
-
-
income
132
172
-
-
total
132
172
-
-
Dividends
746
978
-
-
withholding
112
147
-
-
total
112
147
-
-
Income
1 150
1 150
1 150
1 150
Total tax
364
319
500
498
After tax
786
831
650
652
Living cost
153
153
153
153
Free-cash
633
678
497
499

Estimated living cost  is £153 per week

£103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Zurich , Switzerland
£266
£321
-£96
£169
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 150
regional
-
-
-
50
national
-
-
-
13
health
-
-
-
3
city
-
-
-
12
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
23
pensions
-
-
-
106
total
-
-
-
207
Employee
728
-
1 029
-
regional
24
-
43
-
city
8
-
11
-
health
2
-
2
-
unemployment
-
-
-
-
national
3
-
11
-
pensions
61
-
86
-
total
98
-
153
-
Employer
728
-
1 029
-
unemployment
-
-
-
-
pensions
61
-
86
-
other

This will depend on a canton and a chosen fund. The rate is between 0.1% and 3.63% for an employee. We use 2% as an average rate.

15
-
21
-
health
2
-
2
-
total
78
-
109
-
Corporate
337
1 150
-
-
regional
71
243
-
-
national
29
98
-
-
total
100
341
-
-
Dividends
237
809
-
-
withholding
83
283
-
-
total
83
283
-
-
Income
1 150
1 150
1 150
1 150
Total tax
359
624
262
207
After tax
791
526
888
943
Living cost
622
622
622
622
Free-cash
169
-96
266
321

Estimated living cost  is £622 per week

£404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£56
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£154
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Helsinki , Finland
£289
£447
£404
£407
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
1 150
municipal
-
-
-
204
national
-
-
-
144
health
-
-
-
14
total
-
-
-
362
Employee
467
-
967
-
health
3
-
11
-
unemployment
7
-
15
-
national
8
-
89
-
municipal
77
-
158
-
pensions
32
-
65
-
total
127
-
338
-
Employer
467
-
967
-
unemployment
3
-
6
-
pensions
81
-
168
-
accident
-
-
1
-
health
4
-
7
-
total
88
-
182
-
Corporate
594
1 150
-
-
income
119
230
-
-
total
119
230
-
-
Dividends

Finish residents use 75% of income from dividends as a base for income tax.

357
690
-
-
national
4
51
-
-
municipal
64
124
-
-
total
68
175
-
-
Income
1 150
1 150
1 150
1 150
Total tax
402
405
520
362
After tax
748
745
630
788
Living cost
341
341
341
341
Free-cash
407
404
289
447

Estimated living cost  is £341 per week

£223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

Finland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should set up a company and hire themselves as an employee.

Brussels , Belgium
£103
£190
£320
£188
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 150
national
-
-
-
396
social contributions
-
-
-
182
communal

Communal tax will depend on the area of registration and each commune in the city has its own rate.

-
-
-
58
total
-
-
-
636
Employee

The minimum management director salary is set at €45,000 per year.

636
-
891
-
health

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

30
-
42
-
communal

Communal tax will depend on the area of registration and each commune in the city has its own rate.

33
-
46
-
unemployment

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

6
-
8
-
national
195
-
300
-
pensions

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

48
-
67
-
total
312
-
463
-
Employer

The minimum management director salary is set at €45,000 per year.

636
-
891
-
unemployment

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

9
-
13
-
pensions

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

56
-
79
-
surtax
72
-
101
-
accident

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

8
-
12
-
health

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

39
-
55
-
total
184
-
260
-
Corporate
329
1 150
-
-
income
66
230
-
-
surtax
1
5
-
-
total
67
235
-
-
Dividends
262
915
-
-
withholding

As an investor, you can take advantage of €640 tax free allowance per year.

75
271
-
-
total
75
271
-
-
Income
1 150
1 150
1 150
1 150
Total tax
638
506
723
636
After tax
512
644
427
514
Living cost
324
324
324
324
Free-cash
188
320
103
190

Estimated living cost  is £324 per week

£209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Stockholm , Sweden
£237
£246
£263
£255
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 150
municipal
-
-
-
274
national
-
-
-
32
health
-
-
-
50
accident
-
-
-
2
unemployment
-
-
-
1
pensions
-
-
-
87
other
-
-
-
93
total
-
-
-
539
Employee
521
-
898
-
national
-
-
28
-
municipal
155
-
268
-
total
155
-
296
-
Employer
521
-
898
-
unemployment
14
-
21
-
pensions
56
-
87
-
other
60
-
93
-
accident
1
-
2
-
health
32
-
49
-
total
163
-
252
-
Corporate
466
1 150
-
-
income
103
253
-
-
total
103
253
-
-
Dividends
363
897
-
-
withholding
109
269
-
-
total
109
269
-
-
Income
1 150
1 150
1 150
1 150
Total tax
530
522
548
539
After tax
620
628
602
611
Living cost
365
365
365
365
Free-cash
255
263
237
246

Estimated living cost  is £365 per week

£242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Oslo , Norway
£621
£390
£295
-£250
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 150
income
-
-
-
224
social contributions
-
-
-
131
total
-
-
-
355
Employee
581
-
-
-
income
128
-
-
-
social contributions
48
-
7
-
total
176
-
7
-
Employer
581
-
-
-
social contributions
819
-
117
-
total
819
-
117
-
Corporate
-
1 150
-
-
income
-
253
-
-
total
-
253
-
-
Dividends
-
897
-
-
income
-
197
-
-
total
-
197
-
-
Income
1 150
1 150
1 150
1 150
Total tax
995
450
124
355
After tax
155
700
1 026
795
Living cost
405
405
405
405
Free-cash
-250
295
621
390

Estimated living cost  is £405 per week

£263
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
£506
£517
£551
£515
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 150
income
-
-
-
172
social contributions
-
-
-
144
health
-
-
-
29
total
-
-
-
345
Employee
683
683
1 054
-
income
72
63
167
-
social contributions
33
57
76
-
health
7
12
18
-
total
112
132
261
-
Employer
683
683
1 054
-
social contributions
33
57
76
-
health
7
13
19
-
total
40
70
95
-
Corporate
709
397
-
-
income
89
50
-
-
total
89
50
-
-
Dividends
621
348
-
-
withholding
106
59
-
-
total
106
59
-
-
Income
1 150
1 150
1 150
1 150
Total tax
347
311
356
345
After tax
803
839
794
805
Living cost
288
288
288
288
Free-cash
515
551
506
517

Estimated living cost  is £288 per week

£197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Edinburgh , United Kingdom
£361
£468
£471
£488
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 150
income
-
-
-
287
pensions
-
-
-
71
total
-
-
-
358
Employee
445
-
1 008
-
income
81
-
217
-
health
6
-
16
-
pensions
34
-
90
-
total
121
-
323
-
Employer
445
-
1 008
-
pensions
45
-
123
-
health
8
-
19
-
total
53
-
142
-
Corporate
651
1 150
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

124
218
-
-
total
124
218
-
-
Dividends
528
932
-
-
withholding
40
137
-
-
total
40
137
-
-
Income
1 150
1 150
1 150
1 150
Total tax
338
355
465
358
After tax
812
795
685
792
Living cost
324
324
324
324
Free-cash
488
471
361
468

Estimated living cost  is £324 per week

£222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Rome , Italy
£151
£204
£252
£213
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 150
municipal
-
-
-
8
regional
-
-
-
25
national
-
-
-
263
social contributions
-
-
-
296
total
-
-
-
592
Employee
749
-
1 150
-
regional
11
-
22
-
social contributions
252
-
388
-
national
127
-
228
-
municipal
4
-
7
-
total
394
-
645
-
Employer
749
-
1 150
-
total
-
-
-
-
Corporate
401
1 150
-
-
nationa
96
276
-
-
municipal
19
55
-
-
total
115
331
-
-
Dividends
286
819
-
-
withholding
74
213
-
-
total
74
213
-
-
Income
1 150
1 150
1 150
1 150
Total tax
583
544
645
592
After tax
567
606
505
558
Living cost
354
354
354
354
Free-cash
213
252
151
204

Estimated living cost  is £354 per week

£249
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Gdansk , Poland
£427
£602
-£93
£65
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 150
income
-
-
-
304
health
-
-
-
18
accident
-
-
-
2
pensions
-
-
-
35
other
-
-
-
3
total
-
-
-
362
Employee
292
-
1 015
-
income
40
-
222
-
health
33
-
116
-
pensions
33
-
64
-
total
106
-
402
-
Employer
292
-
1 015
-
unemployment
7
-
25
-
pensions
48
-
93
-
accident
5
-
17
-
total
60
-
135
-
Corporate
798
1 150
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

718
1 035
-
-
total
718
1 035
-
-
Dividends
80
115
-
-
withholding
15
22
-
-
total
15
22
-
-
Income
1 150
1 150
1 150
1 150
Total tax
899
1 057
537
362
After tax
251
93
613
788
Living cost
186
186
186
186
Free-cash
65
-93
427
602

Estimated living cost  is £186 per week

£136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£35
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Berlin , Germany
£420
£314
£249
£365
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

-
-
-
1 150
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
309
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
61
trade
-
-
-
106
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
-
-
17
total
-
-
-
493
Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

442
-
1 150
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

36
-
309
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

61
-
61
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

2
-
17
-
total
99
-
387
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
708
1 150
-
-
chamber of commerce
2
3
-
-
income
106
173
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

6
9
-
-
trade
102
165
-
-
total
216
350
-
-
Dividends
492
800
-
-
withholding
120
197
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

7
11
-
-
total
127
208
-
-
Income
1 150
1 150
1 150
1 150
Total tax
442
558
387
493
After tax
708
592
763
657
Living cost
343
343
343
343
Free-cash
365
249
420
314

Estimated living cost  is £343 per week

£237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Riga , Latvia
£460
£156
£735
£661
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
1 150
microenterprise
-
-
-
-
income
-
-
-
176
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

-
-
-
340
surtax
-
-
-
293
total
-
-
-
809
Employee
260
-
927
-
income
46
-
180
-
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

29
-
102
-
surtax
-
-
-
-
total
75
-
282
-
Employer
260
-
927
-
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

63
-
223
-
surtax
-
-
-
-
total
63
-
223
-
Corporate
828
1 150
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

166
230
-
-
total
166
230
-
-
Dividends

In Latvia, local dividends are not subject to withholding tax.

662
920
-
-
total
-
-
-
-
Income
1 150
1 150
1 150
1 150
Total tax
304
230
505
809
After tax
846
920
645
341
Living cost
185
185
185
185
Free-cash
661
735
460
156

Estimated living cost  is £185 per week

£118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Istanbul , Turkey
£557
£565
£603
£583
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 150
income
-
-
-
325
health
-
-
-
61
pensions
-
-
-
84
total
-
-
-
470
Employee
175
-
1 056
-
income
34
-
321
-
health
9
-
21
-
unemployment
2
-
4
-
pensions
16
-
38
-
total
61
-
384
-
Employer
175
-
1 056
-
unemployment
3
-
8
-
pensions
19
-
46
-
health
17
-
40
-
total
39
-
94
-
Corporate
936
1 150
-
-
income
206
253
-
-
total
206
253
-
-
Dividends
730
897
-
-
withholding
146
179
-
-
total
146
179
-
-
Income
1 150
1 150
1 150
1 150
Total tax
452
432
478
470
After tax
698
718
672
680
Living cost
115
115
115
115
Free-cash
583
603
557
565

Estimated living cost  is £115 per week

£68
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£35
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Athens , Greece
£332
£350
£523
£495
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 150
income
-
-
-
252
health
-
-
-
82
unemployment
-
-
-
2
surtax
-
-
-
34
pensions
-
-
-
230
other
-
-
-
-
total
-
-
-
600
Employee
299
-
950
-
other
-
-
-
-
income
50
-
234
-
health
8
-
24
-
unemployment
21
-
66
-
surtax
1
-
31
-
pensions
20
-
63
-
total
100
-
418
-
Employer
299
-
950
-
unemployment
9
-
30
-
pensions
40
-
127
-
other
-
-
-
-
health
14
-
43
-
total
63
-
200
-
Corporate
788
1 150
-
-
income
205
299
-
-
total
205
299
-
-
Dividends
583
851
-
-
withholding
87
128
-
-
total
87
128
-
-
Income
1 150
1 150
1 150
1 150
Total tax
455
427
618
600
After tax
695
723
532
550
Living cost
200
200
200
200
Free-cash
495
523
332
350

Estimated living cost  is £200 per week

£120
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Graz , Austria
£31
£297
£358
£352
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
1 150
income
-
-
-
240
chamber of commerce
-
-
-
5
health
-
-
-
79
unemployment
-
-
-
54
surtax
-
-
-
-
pensions
-
-
-
192
total
-
-
-
570
Employee
388
354
893
-
other
4
4
9
-
income
35
26
201
-
health
15
14
35
-
unemployment
12
11
27
-
pensions
40
36
91
-
total
106
91
363
-
Employer
388
354
893
-
unemployment
12
11
27
-
chamber of commerce
2
1
4
-
pensions
49
44
112
-
payroll
12
11
27
-
other
18
17