Contractor Take Home Pay Calculator

This contractor take home pay calculator turns a day rate or hourly rate into your real annual and monthly take-home pay for 2025/26. It compares an outside-IR35 limited company against an inside-IR35 umbrella arrangement side by side.

A day rate is not a salary. Before you are paid, the contract value covers employer National Insurance, the Apprenticeship Levy, and either an umbrella margin or Corporation Tax and running costs.

On £450 a day over 220 working days (£99,000 a year), a contractor takes home roughly £65,300 outside IR35 through a limited company, or about £60,900 inside IR35 through an umbrella.

Adjust the rate, working days, expenses and umbrella margin for your own figure.