2026 / 27 Tax Year

IR35 Take-Home
Calculator

Outside IR35 (Ltd company) vs Inside IR35 (Umbrella) — side by side.
All figures use confirmed 2026/27 HMRC rates.

£ / day
Your agreed daily rate with the client
220 days
Typical contractor year: 220–240 days
£
£5,000 = no NI. £12,570 = uses full personal allowance
£ / mo
Allowable business expenses through your Ltd
£ / wk
Typically £25–£40/week
Scotland has different income tax bands
💼
Best option for your situation
—
Annual advantage
—
Outside IR35
Limited Company
£0
£0 / day effective
Gross contract income £0
Director salary -£0
Allowable expenses -£0
Corporation tax -£0
Dividends available £0
Dividend tax -£0
Income tax on salary -£0
Employee NI on salary -£0
Net take-home £0
Effective tax rate 0%
Inside IR35
Umbrella Company
£0
£0 / day effective
Gross contract income £0
Employer NI (15%) -£0
Umbrella fees -£0
Taxable employment income £0
Income tax -£0
Employee NI -£0
Net take-home £0
Effective tax rate 0%

Effective Tax Rate Comparison

Ltd Company
0%
Umbrella
0%

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Disclaimer: This calculator uses confirmed 2026/27 HMRC rates (personal allowance £12,570, basic rate 20%, higher rate 40%, employee NI 8%/2%, employer NI 15% above £5,000, corporation tax 19%/25%, dividend tax 8.75%/33.75%/39.35%). Results are estimates only — your actual liability will depend on your specific circumstances. Consult a qualified contractor accountant before making decisions. This tool does not constitute financial or tax advice.