£1400 a day take-home pay
A £1400/day contract is worth about £308,000 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 | £1,400 |
| Billable days assumed | 220 |
| Gross annual contract value | £308,000 |
| Take-home — inside IR35 (umbrella) | £152,936 |
| Take-home — outside IR35 (limited) | £159,067 |
| Difference | £6,131 |
At £1400/day, Outside IR35 (limited company) leaves you £6,131/year better off.
Adjust the numbers
Change days worked, salary, expenses or umbrella margin to match your situation.
Inside IR35 (umbrella)
£152,936/yr
You keep 50% of the contract value
Assignment rate£308,000
Umbrella margin-£1,150
Employer NI-£39,198
Apprenticeship levy-£1,332
Income tax (PAYE)-£106,047
Employee NI-£7,337
Take-home pay£152,936
Outside IR35 (limited company)
£159,067/yr
You keep 52% of the contract value
Company revenue£308,000
Director salary-£12,570
Employer NI on salary-£1,136
Corporation tax-£73,574
Dividend tax-£74,223
Income tax + NI on salary-£0
Take-home pay£159,067
Outside IR35 (limited company) leaves you £6,131/year better off at this rate.