£950 a day take-home pay
A £950/day contract is worth about £209,000 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 | £950 |
| Billable days assumed | 220 |
| Gross annual contract value | £209,000 |
| Take-home — inside IR35 (umbrella) | £107,508 |
| Take-home — outside IR35 (limited) | £114,532 |
| Difference | £7,025 |
At £950/day, Outside IR35 (limited company) leaves you £7,025/year better off.
Adjust the numbers
Change days worked, salary, expenses or umbrella margin to match your situation.
Inside IR35 (umbrella)
£107,508/yr
You keep 51% of the contract value
Assignment rate£209,000
Umbrella margin-£1,150
Employer NI-£26,341
Apprenticeship levy-£903
Income tax (PAYE)-£67,476
Employee NI-£5,623
Take-home pay£107,508
Outside IR35 (limited company)
£114,532/yr
You keep 55% of the contract value
Company revenue£209,000
Director salary-£12,570
Employer NI on salary-£1,136
Corporation tax-£48,003
Dividend tax-£45,329
Income tax + NI on salary-£0
Take-home pay£114,532
Outside IR35 (limited company) leaves you £7,025/year better off at this rate.