£775 a day take-home pay
A £775/day contract is worth about £170,500 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 | £775 |
| Billable days assumed | 220 |
| Gross annual contract value | £170,500 |
| Take-home — inside IR35 (umbrella) | £89,841 |
| Take-home — outside IR35 (limited) | £97,370 |
| Difference | £7,529 |
At £775/day, Outside IR35 (limited company) leaves you £7,529/year better off.
Adjust the numbers
Change days worked, salary, expenses or umbrella margin to match your situation.
Inside IR35 (umbrella)
£89,841/yr
You keep 53% of the contract value
Assignment rate£170,500
Umbrella margin-£1,150
Employer NI-£21,341
Apprenticeship levy-£736
Income tax (PAYE)-£52,476
Employee NI-£4,956
Take-home pay£89,841
Outside IR35 (limited company)
£97,370/yr
You keep 57% of the contract value
Company revenue£170,500
Director salary-£12,570
Employer NI on salary-£1,136
Corporation tax-£37,801
Dividend tax-£34,194
Income tax + NI on salary-£0
Take-home pay£97,370
Outside IR35 (limited company) leaves you £7,529/year better off at this rate.