£1150 a day take-home pay
A £1150/day contract is worth about £253,000 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 | £1,150 |
| Billable days assumed | 220 |
| Gross annual contract value | £253,000 |
| Take-home — inside IR35 (umbrella) | £127,698 |
| Take-home — outside IR35 (limited) | £134,147 |
| Difference | £6,449 |
At £1150/day, Outside IR35 (limited company) leaves you £6,449/year better off.
Adjust the numbers
Change days worked, salary, expenses or umbrella margin to match your situation.
Inside IR35 (umbrella)
£127,698/yr
You keep 50% of the contract value
Assignment rate£253,000
Umbrella margin-£1,150
Employer NI-£32,055
Apprenticeship levy-£1,094
Income tax (PAYE)-£84,619
Employee NI-£6,385
Take-home pay£127,698
Outside IR35 (limited company)
£134,147/yr
You keep 53% of the contract value
Company revenue£253,000
Director salary-£12,570
Employer NI on salary-£1,136
Corporation tax-£59,663
Dividend tax-£58,055
Income tax + NI on salary-£0
Take-home pay£134,147
Outside IR35 (limited company) leaves you £6,449/year better off at this rate.