Thrivelance Tools
Stop getting caught out by your tax bill. Enter your country and expected self-employed income to see what percentage of every invoice to set aside, plus when your tax payments are actually due. Covers seven countries.
An estimate for a sole trader / freelancer. Updates as you type.
Set aside per invoice
0%
Per 1,000 invoiced
0
Estimated annual tax
0
| Payment | Due | Approx. amount |
|---|
As a freelancer no employer withholds your tax — it all lands in one bill (or several instalments). Moving a fixed share of every payment into savings as you go means the money is already there when the tax is due, instead of a nasty surprise.
Several countries make you pre-pay next year's tax alongside this year's bill — UK payments on account, Irish preliminary tax, NZ provisional tax, German Vorauszahlungen. Your first bill can be ~150% of a normal year, so a healthy buffer matters most early on.
The estimate covers income tax and the main self-employed social contributions for each country (for example US self-employment tax, UK Class 4 NI, Canadian CPP, Irish PRSI/USC). It excludes state/provincial variations, sales tax/VAT, and health-insurance premiums where those are separate.
For a fuller breakdown, try the US Self-Employment Tax Calculator, the Quarterly Tax Calculator, or the Freelance Tax Calculator.
Common questions about this calculator.
It depends on your income and country, but a common range is 25–35% of each payment. This calculator estimates the exact percentage from your expected income, covering income tax and the main self-employed contributions for your country.
It varies: the US has four quarterly estimates, the UK has two payments on account (31 Jan and 31 Jul), Ireland has preliminary tax on 31 October, New Zealand has three provisional dates, and Germany and Canada have quarterly instalments. The tool lists the dates for your country.
Several countries make you pre-pay the next year's tax alongside your first bill — UK payments on account, Irish preliminary tax, NZ provisional tax, German Vorauszahlungen. That can push the first bill to around 150% of a typical year, so keep a larger buffer early on.
Income tax plus the main self-employed social contributions for each country, such as US self-employment tax, UK Class 4 National Insurance, Canadian CPP (both halves), and Irish PRSI and USC. It excludes state or provincial variation, sales tax/VAT, and separate health-insurance premiums.
Yes. Adding a point or two as a buffer covers rising income and unexpected items, and means you end the year with a small surplus or refund rather than a shortfall.
