Free calculator · UK 2025/26
LLP Profit Share Allocation
LLP profit allocation drives partner motivation, retention and succession. This tool models the four most common UK law firm methodologies and shows the per-partner figures immediately.
LLP Profit Share Allocation
LLP profit allocation drives partner motivation, retention and succession. This tool models the four most common UK law firm methodologies and shows the per-partner figures immediately.
Applies to fixed-share + equity method only
Applies to fixed-share + equity method only
Applies to points-based method only
Indicative allocation only. Real LLP agreements often include capital interest, lock-in schedules, and partner-specific adjustments. Fixed-share members should be audited against the FA 2014 Salaried Member Rules.
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About the allocation methods
Equal split divides profit equally across all partners regardless of seniority. Simple to operate but offers no incentive gradient.
Two-tier gives senior partners 1.5x the points of junior partners, creating a predictable seniority premium without full lock-step complexity.
Points-based allows you to set a custom senior multiplier (e.g. 2x), reflecting steeper differentials common in specialist or high-revenue firms.
Fixed-share plus equity pays fixed-share partners a defined annual amount first, then distributes the remainder to equity partners on a points basis. This method is used where a firm wants to acknowledge contributions below full equity without granting profit-sharing rights.
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Calculate your LLP profit share
Our interactive tool is built for a larger screen. Tell us your firm's numbers and a specialist solicitors' accountant will send your figure and the sensible next step, with no obligation.
The partner profit and tax toolkit
A working Excel model that splits distributable profit across the partners and shows what each keeps after income tax and Class 4 National Insurance, plus a plain-English guide. Enter your email to unlock both.
| A | B | C | D | E | F | G | H | I | J | K | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Your figures (edit the blue cells) | ||||||||||
| 2 | Total distributable profit | £800,000 | |||||||||
| 3 | Allocation method | Two-tier (senior 1.5x) | |||||||||
| 4 | Senior partners | 3 | |||||||||
| 5 | Junior partners | 2 | |||||||||
| 6 | Senior partner 1 | Junior partner 1 | |||||||||
| 7 | Profit share | £184,615 | Profit share | £123,077 | |||||||
| 8 | Take-home (after IT + NI) | £109,758 | Take-home (after IT + NI) | £77,607 | |||||||
| 9 | 2026/27 basis: income tax + Class 4 NI on your profit share | ||||||||||
| 10 | |||||||||||
| 11 | |||||||||||
| 12 | |||||||||||
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Frequently asked questions
- Do fixed-share partners need to check the FA 2014 rules?
- Yes. Fixed-share LLP members whose pay is mostly fixed may trigger the Salaried Member Rules (Finance Act 2014). If all three conditions (A: >80% fixed reward, B: limited influence, C: capital < 25% of fixed reward) are met, the LLP must operate PAYE. Use the FA 2014 Salaried Member Test calculator to check each member's position.
- Can I include capital interest in this calculator?
- Not currently. Capital interest (typically 2-5% of capital account balance per year) is a prior deduction before profit allocation in most LLP agreements and should be added to each partner's allocation separately. The calculator shows the profit-sharing step only.
Need help interpreting your results?
These calculators give directional figures based on published rates. Your actual position depends on firm structure, basis period adjustments, existing capital contributions, and your specific revenue profile. We model the full picture as part of our advisory work.
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