£825 a day take-home pay
A £825/day contract is worth about £181,500 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 | £825 |
| Billable days assumed | 220 |
| Gross annual contract value | £181,500 |
| Take-home — inside IR35 (umbrella) | £94,889 |
| Take-home — outside IR35 (limited) | £102,274 |
| Difference | £7,385 |
At £825/day, Outside IR35 (limited company) leaves you £7,385/year better off.
Adjust the numbers
Change days worked, salary, expenses or umbrella margin to match your situation.
Inside IR35 (umbrella)
£94,889/yr
You keep 52% of the contract value
Assignment rate£181,500
Umbrella margin-£1,150
Employer NI-£22,769
Apprenticeship levy-£784
Income tax (PAYE)-£56,761
Employee NI-£5,147
Take-home pay£94,889
Outside IR35 (limited company)
£102,274/yr
You keep 56% of the contract value
Company revenue£181,500
Director salary-£12,570
Employer NI on salary-£1,136
Corporation tax-£40,716
Dividend tax-£37,375
Income tax + NI on salary-£0
Take-home pay£102,274
Outside IR35 (limited company) leaves you £7,385/year better off at this rate.