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
₴ 40000
per

Your estimated
City
free-cash

Edinburgh , United Kingdom
₴13915
₴11476
₴13357
₴9103
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
-
-
-
40 000
income
-
-
-
7 709
pensions
-
-
-
2 879
total
-
-
-
10 588
Employee
22 038
-
35 277
-
health
287
-
559
-
income
4 013
-
6 289
-
pensions
1 682
-
3 271
-
total
5 982
-
10 119
-
Employer
22 038
-
35 277
-
pensions
2 227
-
4 053
-
health
419
-
670
-
total
2 646
-
4 723
-
Corporate
15 317
40 000
-
-
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.

2 910
7 600
-
-
total
2 910
7 600
-
-
Dividends
12 407
32 400
-
-
withholding
931
2 430
-
-
total
931
2 430
-
-
Income
40 000
40 000
40 000
40 000
Total tax
12 469
10 030
14 842
10 588
After tax
27 531
29 970
25 158
29 412
Living cost
16 055
16 055
16 055
16 055
Free-cash
11 476
13 915
9 103
13 357

Estimated living cost  is ₴16055 per week

₴11014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
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.
₴3363
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.

Source of data for Edinburgh model

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