£450 a day: take-home inside and outside IR35 (2026/27)
Where the money goes at £450 a day
| 220 days | Inside | Outside |
|---|---|---|
| Contract income | £99,000 | £99,000 |
| Umbrella margin | £1,300 | £0 |
| Employer NI and levy | £12,462 | £1,136 |
| Corporation tax | £0 | £18,853 |
| Income Tax and employee NI | £25,243 | £0 |
| Dividend tax | £0 | £14,274 |
| Take-home | £59,996 | £64,737 |
| Per month | £5,000 | £5,395 |
| Share of income | 61% | 65% |
Inside IR35 the umbrella pays 15% employer NI above £5,000 and the 0.5% apprenticeship levy from the assignment rate, then runs PAYE on gross pay of £85,238. Outside IR35 the company pays you a £12,570 salary and the rest as dividends after corporation tax. In Scotland the figures are £57,434 inside and £64,737 outside.
By days worked
| Days a year | Inside | Outside |
|---|---|---|
| 180 | £50,957 | £56,237 |
| 200 | £55,476 | £60,487 |
| 220 | £59,996 | £64,737 |
| 230 | £62,255 | £66,862 |
Assumptions: umbrella margin of £25 a week, no business expenses, no pension contributions, no student loan and no other income. Change any of them in the IR35 calculator.
Other day rates
Frequently asked questions
How much do I take home on £450 a day inside IR35?
About £59,996 a year, or £5,000 a month, for 220 days through an umbrella company in England.
And outside IR35?
About £64,737 a year through your own limited company with a £12,570 salary and dividends, before accountancy and other company costs.
Who decides whether I am inside IR35?
A medium or large client decides and should give you a status determination statement. For a small private client, your own company decides.
Calculated with 2026/27 rates: employer NI 15% above £5,000, apprenticeship levy 0.5%, Income Tax and NI bands, corporation tax 19% to 25% with marginal relief, dividend tax 10.75% and 35.75%. Updated 2026-11-04. General information, not tax advice.