Calculate your salary

There are many questions one can ask. How much and what should I invoice? How much should I invoice for a certain salary? And what do I earn as a salary from what I invoice? In the invoice calculator, you can check how much you earn as a salary from what you invoice! You can also see how much goes towards employer contributions, taxes, and social contributions.

You do the work and decide how much it should cost – and you take home roughly half of that amount. What happens to the money along the way? For you, as a new freelancing self-employed individual, the question of “What salary do I want?” is important to consider. The amount you want as a salary is what you need to base your calculation on when determining the price for your services to customers. What you invoice is not what you take home; you need to check what you take home and convert the invoice to a salary.

Cool Company handles and sends out the invoices to customers that the self-employed individuals send to us. We also monitor and handle reminders if needed. As soon as the customer has paid the invoice and the money has come in, we pay out the salary.

In connection with that, we deduct our fee of 5.98%, as well as employer contributions and taxes. The net salary, i.e., what comes into your account, usually ends up being approximately half of the invoiced amount.

Even if you are a self-employed individual with corporate tax, you cannot keep more money as a salary. The difference is that as a self-employed individual, you must manage bookkeeping and tax payments yourself, while Cool Companys service handles the work for you when you are self-employed.