£1325 a day take-home pay
A £1325/day contract is worth about £291,500 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 | £1,325 |
| Billable days assumed | 220 |
| Gross annual contract value | £291,500 |
| Take-home — inside IR35 (umbrella) | £145,365 |
| Take-home — outside IR35 (limited) | £151,562 |
| Difference | £6,197 |
At £1325/day, Outside IR35 (limited company) leaves you £6,197/year better off.
Adjust the numbers
Change days worked, salary, expenses or umbrella margin to match your situation.
Inside IR35 (umbrella)
£145,365/yr
You keep 50% of the contract value
Assignment rate£291,500
Umbrella margin-£1,150
Employer NI-£37,055
Apprenticeship levy-£1,260
Income tax (PAYE)-£99,619
Employee NI-£7,051
Take-home pay£145,365
Outside IR35 (limited company)
£151,562/yr
You keep 52% of the contract value
Company revenue£291,500
Director salary-£12,570
Employer NI on salary-£1,136
Corporation tax-£69,449
Dividend tax-£69,354
Income tax + NI on salary-£0
Take-home pay£151,562
Outside IR35 (limited company) leaves you £6,197/year better off at this rate.