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
£ 1650

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

£523

£533

£585

£592

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

1 650

social contributions

municipal

182

national

291

pensions

198

total

689

Employee

679

1 426

pensions

national

130

305

municipal

188

total

241

550

Employer

679

1 426

pensions

114

social contributions

total

129

Corporate

865

1 650

income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

173

330

total

173

330

Dividends

692

1 320

withholding

152

290

total

152

290

Income

1 650

Total tax

627

620

679

689

After tax

1 023

1 030

971

961

Living cost

438

Free-cash

585

592

533

523

Estimated living cost is £438 per week

£298

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

£41

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

£7

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.

£93

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.

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Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.