Resources – Take Home Pay Calculator

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Or compare a new contract offer with your existing permanent salary?

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The calculator below shows you an estimate of how much take-home pay you could have under two scenarios:

Outside IR35 (through your own Ltd company)
Inside IR35 (through an umbrella company)

Your pay rate
Tax year
£

Tip: toggle Inside/Outside to see the different breakdowns.

£
£
This calculator uses a simplified model. Update tax bands, NI and corporation tax.
Your tax and profit
Annual revenue
£0
PAYE tax on salary
£0
Employee NI on salary
£0
Corporation Tax
£0
Dividend tax
£0
Reimbursed expenses (cash to you)
£0
Total tax (all)
£0
Take-home per month
£0
Take-home %
0%
How it’s worked out

Assumptions: Umbrella rate → less £30/week margin, plus ER NI (15%) and Levy (0.5%) charged on total income to arrive at gross taxable pay. Outside IR35 model simplified. For guidance only.

Please note a few key points when using the calculator:

Benefits not included – this is take-home pay only. There are a number of employee benefits you may lose by moving from permanent employment including holiday/sick pay, pension contributions and private medical cover.

All funds withdrawn – the calculation assumes you withdraw all funds from your Ltd company as soon as they’re available. It may be more tax efficient to leave some profits in the company and draw them later.

Please remember that everyone’s circumstances are different. If you’d like some tailored advice on maximising your take-home pay, remaining compliant and planning more efficiently, speak to our team.

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