£1500 a day take-home pay
A £1500/day contract is worth about £330,000 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 | £1,500 |
| Billable days assumed | 220 |
| Gross annual contract value | £330,000 |
| Take-home — inside IR35 (umbrella) | £163,031 |
| Take-home — outside IR35 (limited) | £169,075 |
| Difference | £6,043 |
At £1500/day, Outside IR35 (limited company) leaves you £6,043/year better off.
Adjust the numbers
Change days worked, salary, expenses or umbrella margin to match your situation.
Inside IR35 (umbrella)
£163,031/yr
You keep 49% of the contract value
Assignment rate£330,000
Umbrella margin-£1,150
Employer NI-£42,055
Apprenticeship levy-£1,427
Income tax (PAYE)-£114,619
Employee NI-£7,718
Take-home pay£163,031
Outside IR35 (limited company)
£169,075/yr
You keep 51% of the contract value
Company revenue£330,000
Director salary-£12,570
Employer NI on salary-£1,136
Corporation tax-£79,074
Dividend tax-£80,716
Income tax + NI on salary-£0
Take-home pay£169,075
Outside IR35 (limited company) leaves you £6,043/year better off at this rate.