£1475 a day take-home pay
A £1475/day contract is worth about £324,500 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 | £1,475 |
| Billable days assumed | 220 |
| Gross annual contract value | £324,500 |
| Take-home — inside IR35 (umbrella) | £160,508 |
| Take-home — outside IR35 (limited) | £166,573 |
| Difference | £6,065 |
At £1475/day, Outside IR35 (limited company) leaves you £6,065/year better off.
Adjust the numbers
Change days worked, salary, expenses or umbrella margin to match your situation.
Inside IR35 (umbrella)
£160,508/yr
You keep 49% of the contract value
Assignment rate£324,500
Umbrella margin-£1,150
Employer NI-£41,341
Apprenticeship levy-£1,403
Income tax (PAYE)-£112,476
Employee NI-£7,623
Take-home pay£160,508
Outside IR35 (limited company)
£166,573/yr
You keep 51% of the contract value
Company revenue£324,500
Director salary-£12,570
Employer NI on salary-£1,136
Corporation tax-£77,699
Dividend tax-£79,093
Income tax + NI on salary-£0
Take-home pay£166,573
Outside IR35 (limited company) leaves you £6,065/year better off at this rate.