£1450 a day take-home pay
A £1450/day contract is worth about £319,000 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 | £1,450 |
| Billable days assumed | 220 |
| Gross annual contract value | £319,000 |
| Take-home — inside IR35 (umbrella) | £157,984 |
| Take-home — outside IR35 (limited) | £164,071 |
| Difference | £6,087 |
At £1450/day, Outside IR35 (limited company) leaves you £6,087/year better off.
Adjust the numbers
Change days worked, salary, expenses or umbrella margin to match your situation.
Inside IR35 (umbrella)
£157,984/yr
You keep 50% of the contract value
Assignment rate£319,000
Umbrella margin-£1,150
Employer NI-£40,627
Apprenticeship levy-£1,379
Income tax (PAYE)-£110,333
Employee NI-£7,527
Take-home pay£157,984
Outside IR35 (limited company)
£164,071/yr
You keep 51% of the contract value
Company revenue£319,000
Director salary-£12,570
Employer NI on salary-£1,136
Corporation tax-£76,324
Dividend tax-£77,470
Income tax + NI on salary-£0
Take-home pay£164,071
Outside IR35 (limited company) leaves you £6,087/year better off at this rate.