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Employer cost ≈ salary + employer NI (15% above £5,000) + employer pension. Rates shown are 2025/26; other on-costs may apply.
How to use it
Enter the gross salary you'd pay and your employer pension contribution. The calculator adds employer National Insurance (15% on earnings above the £5,000 secondary threshold from April 2025) and the pension to show the true annual cost of the role.
The 'on-cost' figure is how much you pay on top of salary as a percentage — useful when budgeting a hire or pricing work that has to cover it. It doesn't include equipment, software, training or recruitment fees, which add more.
Everything runs in your browser — nothing you type is sent or stored. Results are illustrative, not a quote or a credit decision.
Frequently asked questions
Does the Employment Allowance reduce this?
It can — eligible employers can offset up to £10,500 of employer NI a year (2025/26) across the payroll. This calculator shows the gross NI on one role; your net cost may be lower if you've allowance left.
What about pensions — is 3% right?
3% of qualifying earnings is the current employer auto-enrolment minimum. Many employers pay more to stay competitive. Set the percentage to whatever you actually contribute.
Is this a quote?
No — it's a free illustration. Your actual Credicorp offer depends on an assessment of your company.
Related reading
Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.