Take-home comparison
Outside IR35 — Ltd company
£—
per year net
Gross revenue—
Business expenses—
Director salary—
Employer NI on salary—
Corporation tax (19%)—
Dividends taken—
Dividend tax—
Income tax on salary—
Net take-home—
Inside IR35 — Umbrella
£—
per year net
Gross revenue—
Umbrella margin—
Employer NI—
Apprenticeship levy—
Employee NI—
Income tax (PAYE)—
Net take-home—
Outside IR35 pays you
—
more per year than inside IR35
Based on 2025/26 HMRC rates. This is an estimate — consult a contractor accountant for personalised advice.
Check your IR35 status with HMRC CEST →