£1350 a day take-home pay
A £1350/day contract is worth about £297,000 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 | £1,350 |
| Billable days assumed | 220 |
| Gross annual contract value | £297,000 |
| Take-home — inside IR35 (umbrella) | £147,889 |
| Take-home — outside IR35 (limited) | £154,064 |
| Difference | £6,175 |
At £1350/day, Outside IR35 (limited company) leaves you £6,175/year better off.
Adjust the numbers
Change days worked, salary, expenses or umbrella margin to match your situation.
Inside IR35 (umbrella)
£147,889/yr
You keep 50% of the contract value
Assignment rate£297,000
Umbrella margin-£1,150
Employer NI-£37,769
Apprenticeship levy-£1,284
Income tax (PAYE)-£101,761
Employee NI-£7,147
Take-home pay£147,889
Outside IR35 (limited company)
£154,064/yr
You keep 52% of the contract value
Company revenue£297,000
Director salary-£12,570
Employer NI on salary-£1,136
Corporation tax-£70,824
Dividend tax-£70,977
Income tax + NI on salary-£0
Take-home pay£154,064
Outside IR35 (limited company) leaves you £6,175/year better off at this rate.