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HMRC PAYE & IR35 Tax Engine

UK PAYE & IR35 Contractor Salary Sizer

Model Inside vs. Outside IR35 take-home pay under HMRC rules. Compare Corporation Tax (19%–25%), dividend tax bands, and director salary splits against umbrella PAYE deductions, calculate the exact rate uplift needed for parity, and evaluate permanent salary equivalents.

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1. Contract Rate & Schedule

£
Effective Day Rate: £550
Total Billable Days: 220 days/yr
Gross Contract Turnover: £121,000

Outside IR35 (PSC / Ltd)

Direct Business Contract
Pre-Tax Company Profit:£103,695
Corporation Tax (19%–25%):-£23,729
Retained for Dividends:£79,965
Personal Dividend Tax:-£17,520
Net Director Salary:£12,570
Annual Net Take-Home£75,016
Monthly: £6,251Retention: 62.0%

Inside IR35 (Umbrella PAYE)

Deemed Employment
Umbrella Margin Annual:-£1,100
Apprenticeship Levy (0.5%):-£522
Employer National Insurance:-£14,919
Gross Taxable Worker Salary:£104,459
Employee NI & PAYE Tax:-£34,207
Annual Net Take-Home£70,252
Monthly: £5,854Retention: 58.1%

Inside IR35 Rate Uplift Negotiator

What day rate must you quote a recruiter to equal your Outside IR35 take-home?

Parity Benchmark
Net Cash In Hand Difference:+£4,764+£397 / month Outside advantage
Required Inside Day Rate:£616 / dayQuote this rate on Inside IR35 roles
Required Rate Uplift:+12.0%Extra margin needed from hiring client
Permanent PAYE Salary Equivalents
To match Outside IR35 Take-Home:£117,053 base salaryStandard permanent employee earning this gross salary receives identical net cash after PAYE & employee NI.
To match Inside IR35 Take-Home:£104,459 base salaryBase salaried role without the administrative friction of umbrella company deductions.

Line-by-Line Statutory Tax Comparison

Remuneration Line ItemOutside IR35 (PSC)Inside IR35 (Umbrella)Variance & Impact
Gross Invoiced Revenue£121,000£121,000Parity starting baseline
Operating / Agency Costs-£3,600-£1,100PSC expenses vs. umbrella margin
Employer National Insurance-£1,136-£14,919Deducted from umbrella assignment rate
Apprenticeship Levy (0.5%)£0-£522Only applies to large umbrella payrolls
Corporation Tax (19%–25%)-£23,729£0PSC corporate profit tax
PAYE Income Tax & Dividends-£17,520-£30,107Dividend rates vs. PAYE wage tax
Employee National Insurance-£0-£4,1008% basic / 2% higher rate
TOTAL NET TAKE-HOME£75,016£70,252+£4,764 Outside
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Contractor Snapshot
Outside Take-Home:£75,016
Inside Take-Home:£70,252
Annual Advantage:+£4,764
Required Inside Rate:£616/day
Outside Retention:62.0%
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How to use this tool

  1. Enter day rate and billable weeks

    Input your contract day rate (or hourly rate) and billable working weeks per year (typically 44 weeks / 220 days allowing for holidays and sick leave).

  2. Configure Outside IR35 company deductions

    Set your tax-efficient director salary (typically £12,570), allowable business expenses (accountancy, software, insurance), and pre-tax company pension contributions.

  3. Review Corporation Tax and dividend splits

    The model applies standard HMRC Corporation Tax tiers (19% small profits rate, 25% main rate, and marginal relief) and calculates dividend tax across Basic (8.75%), Higher (33.75%), and Additional (39.35%) bands.

  4. Model Inside IR35 umbrella deductions

    Deduct Employer NI (13.8% or 15.0%), Apprenticeship Levy (0.5%), and umbrella margins from assignment gross to establish employee taxable pay, Employee NI, and PAYE tax.

  5. Compare contractor retention against permanent salary

    Compare Outside vs. Inside IR35 net cash in hand, determine the required inside rate uplift for parity, and evaluate the equivalent permanent PAYE salary.

  6. Export contractor remuneration statement

    Download an institutional 1-page A4 vector PDF remuneration statement or Excel-compatible CSV for rate negotiation with recruiters and clients.

Frequently Asked Questions

What is the key difference between Inside IR35 and Outside IR35 take-home pay?

Outside IR35 contracts allow you to operate via your own Personal Service Company (PSC / Limited Company). You pay Corporation Tax (19% to 25%) on company profits, take a tax-efficient director salary (typically £12,570), and extract profits as dividends (taxed at 8.75%, 33.75%, or 39.35%). Inside IR35 assignments treat you as an employee for tax purposes: your umbrella company deducts Employer NI (13.8% or 15%), the 0.5% Apprenticeship Levy, and umbrella fees from your assignment rate before deducting Employee NI (8%/2%) and PAYE Income Tax, resulting in roughly 15% to 25% lower take-home pay at identical day rates.

How much rate uplift should I negotiate if a contract flips from Outside to Inside IR35?

To match the same net take-home pay as an Outside IR35 contract, contractors typically require a 20% to 28% day rate uplift. For example, a £550/day Outside IR35 contract yields approximately £75,000 net annually; to achieve that same £75,000 net take-home through an Inside IR35 umbrella company, you would need to negotiate an assignment rate of approximately £680 to £690/day.

How does the HMRC personal allowance taper affect contractors earning over £100,000?

For total personal income exceeding £100,000 (combining salary and dividends), HMRC reduces the standard £12,570 Personal Allowance by £1 for every £2 earned above £100,000. This creates an effective 60% marginal income tax trap (or 67.5% effective rate on dividends in that band) between £100,000 and £125,140, where the Personal Allowance is completely wiped out. Contractors frequently mitigate this by making pre-tax employer pension contributions directly from company revenue.

Are my day rates, tax calculations, and contract details stored on your server?

No, 100%. All IR35 tax engine calculations, corporation tax band splits, PAYE income tax formulas, vector PDF generation, and CSV exports occur entirely inside your browser using client-side JavaScript. Zero contract values, day rates, or client information are ever transmitted or stored remotely.

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All tools operate 100% in your browser. No files or confidential business data are ever uploaded.

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