£24,000 self-employed after tax

By The PocketSums team. Updated 30 September 2026. How we calculate

With £24,000 of profit you pay £2,972 in tax and National Insurance and keep £1,752 a month.

You keep
£21,028 a year
A month
£1,752
Set aside for tax
£248 a month
Effective rate
12.4%
£18,000 profit£20,000 profit£22,000 profit£26,000 profit
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You keep£1,752.35a month

£21,028.20 a year. Set aside £248 a month for your tax bill.

Profit £24,000.00
Income tax -£2,286.00
Class 4 National Insurance -£685.80
You keep £21,028.20

On £24,000 of self-employed profit you pay £2,286.00 income tax and £685.80 Class 4 National Insurance. You keep £21,028.20, which is £1,752.35 a month.

How the £2,972 bill is worked out

  1. The first £12,570 is tax free.
  2. £11,430 at the basic rate of 20%: £2,286.00.
  3. Class 4 National Insurance: 6% of profit between £12,570 and £24,000: £685.80.
Put aside £248 a month and your January tax bill will already be paid for.

£24,000: self-employed, employed or in Scotland

  1. Self-employed£21,028 a year
  2. Employed£20,800 a year
  3. Self-employed, Scotland£21,068 a year

Nearby profits

Contracting? £24,000 a year is about £100 a day over 220 days. Try your own figures in the self-employed tax calculator.

Questions people ask

How much tax do I pay on £24,000 self-employed?

£2,971.80 in total: £2,286.00 income tax and £685.80 Class 4 National Insurance, paid through self assessment. You keep £21,028.20.

How much should I save for tax on £24,000?

About £248 a month, or 12.4% of every pound of profit. Because the bill is over £1,000, your first year may also ask for a payment on account of £1,486 towards next year.

Do I keep more self-employed or employed on £24,000?

Self-employed you keep £21,028, employed £20,800, because Class 4 is 6% rather than 8%. Employees also get holiday pay and an employer pension contribution, which usually outweighs the difference.