Contractor Take-Home Pay Calculator

Estimate your annual take-home inside vs outside IR35 for the 2026/27 tax year (England, Wales & Northern Ireland).

Day rate (£)

Billable days / year

Annual expenses (£)

Inside IR35 (umbrella / PAYE)

£72,357

£6,030/month · 66% retained

Outside IR35 (limited company)

£70,468

£5,872/month · 64% retained

Inside IR35Outside IR35

Annual gross / revenue£110,000£110,000

Corporation tax—£22,069

Income tax£33,432£0

National Insurance£4,211£0

Dividend tax—£17,463

Take-home£72,357£70,468

Estimate only, not tax advice. The outside-IR35 figure assumes a common low-salary (£12,570) plus dividends structure with all profit distributed, and ignores VAT, pension contributions, the £5,000 Employment Allowance and detailed expense planning. Inside-IR35 is a straight PAYE calculation; via an umbrella, employer NI and the provider margin are deducted from the assignment rate first, reducing take-home further. Figures use 2026/27England/Wales/NI rates. Scotland differs. Always confirm with a qualified accountant.

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