£1075 a day take-home pay
A £1075/day contract is worth about £236,500 a year over 220 billable days. Here is roughly what you keep under each IR35 status for 2025/26 — and you can fine-tune every assumption below.
| Day rate | £1,075 |
| Billable days assumed | 220 |
| Gross annual contract value | £236,500 |
| Take-home — inside IR35 (umbrella) | £120,127 |
| Take-home — outside IR35 (limited) | £126,791 |
| Difference | £6,665 |
At £1075/day, Outside IR35 (limited company) leaves you £6,665/year better off.
Adjust the numbers
Change days worked, salary, expenses or umbrella margin to match your situation.
Inside IR35 (umbrella)
£120,127/yr
You keep 51% of the contract value
Assignment rate£236,500
Umbrella margin-£1,150
Employer NI-£29,912
Apprenticeship levy-£1,022
Income tax (PAYE)-£78,190
Employee NI-£6,099
Take-home pay£120,127
Outside IR35 (limited company)
£126,791/yr
You keep 54% of the contract value
Company revenue£236,500
Director salary-£12,570
Employer NI on salary-£1,136
Corporation tax-£55,291
Dividend tax-£53,283
Income tax + NI on salary-£0
Take-home pay£126,791
Outside IR35 (limited company) leaves you £6,665/year better off at this rate.