£1100 a day take-home pay
A £1100/day contract is worth about £242,000 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 | £1,100 |
| Billable days assumed | 220 |
| Gross annual contract value | £242,000 |
| Take-home — inside IR35 (umbrella) | £122,650 |
| Take-home — outside IR35 (limited) | £129,243 |
| Difference | £6,593 |
At £1100/day, Outside IR35 (limited company) leaves you £6,593/year better off.
Adjust the numbers
Change days worked, salary, expenses or umbrella margin to match your situation.
Inside IR35 (umbrella)
£122,650/yr
You keep 51% of the contract value
Assignment rate£242,000
Umbrella margin-£1,150
Employer NI-£30,627
Apprenticeship levy-£1,046
Income tax (PAYE)-£80,333
Employee NI-£6,194
Take-home pay£122,650
Outside IR35 (limited company)
£129,243/yr
You keep 53% of the contract value
Company revenue£242,000
Director salary-£12,570
Employer NI on salary-£1,136
Corporation tax-£56,748
Dividend tax-£54,873
Income tax + NI on salary-£0
Take-home pay£129,243
Outside IR35 (limited company) leaves you £6,593/year better off at this rate.