Inside IR35 · via an umbrella company
Inside IR35 calculator
When a contract is caught by the IR35 rules and paid through an umbrella company, your assignment rate has to cover every employment cost before any taxable pay exists. This works out exactly what reaches you.
Your assignment
£
Billable days after holidays and gaps
Scotland sets its own income tax bands
Umbrella company
What the umbrella retains
£
Rolled up into each payment, or held back until you take leave
Results
Take home
£68,105
per year
Total capital
£68,105
incl. pension
Total tax & NI
£45,745
39.8% effective
Assignment income
£115,000−£15,779
Gross taxable pay
£99,221−£31,115
Take home
£68,105Total capital
£68,105Assumptions
- • Employer's NI, the Apprenticeship Levy and employer pension are solved exactly against the assignment rate, not estimated.
- • Holiday pay is paid with each payment (rolled up), so it is already in your take-home.