£350 Day Rate After Tax UK (2026/27) — Inside vs Outside IR35
A £350/day UK contractor rate over 220 billable days generates £77,000 in annual contract revenue. Operating Outside IR35 via a Limited Company yields £54,636/year (£4,553.00/month) compared with £49,321/year (£4,110.05/month) Inside IR35 via an Umbrella company—a difference of £5,315/year.
| £350/Day IR35 Metric (220 Days) | Inside IR35 (Umbrella) | Outside IR35 (Limited Company) |
|---|---|---|
| Gross Annual Contract Value | £77,000 | £77,000 |
| Employer NI (13.8%) & Levy | £8,867 | £1,045 (on £12,570 salary) |
| Corporation Tax (19%–25%) | £0 (Taxed via PAYE) | £12,570 |
| Personal Income / Dividend Tax & NI | £17,512 | £6,949 |
| Net Annual Take-Home Pay | £49,321/yr | £54,636/yr |
| Net Monthly Take-Home Pay | £4,110.05/mo | £4,553.00/mo |