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
₴ 56000
per

Your estimated
City
free-cash

Edinburgh , United Kingdom
₴22817
₴23567
₴22650
₴17473
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
-
-
-
56 000
income
-
-
-
13 912
pensions
-
-
-
3 473
total
-
-
-
17 385
Employee
21 914
-
49 101
-
health
286
-
789
-
income
3 991
-
10 459
-
pensions
1 673
-
4 416
-
total
5 950
-
15 664
-
Employer
21 914
-
49 101
-
pensions
2 214
-
5 965
-
health
416
-
933
-
total
2 630
-
6 898
-
Corporate
31 456
56 000
-
-
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.

5 977
10 640
-
-
total
5 977
10 640
-
-
Dividends
25 479
45 360
-
-
withholding
1 911
6 578
-
-
total
1 911
6 578
-
-
Income
56 000
56 000
56 000
56 000
Total tax
16 468
17 218
22 562
17 385
After tax
39 532
38 782
33 438
38 615
Living cost
15 965
15 965
15 965
15 965
Free-cash
23 567
22 817
17 473
22 650

Estimated living cost  is ₴15965 per week

₴10952
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
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.
₴3344
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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