Limited vs Umbrella Take-Home Pay Calculator

How much can you earn?

Get a tailored pay illustration

Calculate your take-home pay to see how much you could earn

You can use our simple calculator to provide an illustration of what your take-home pay could be, depending on your rate of pay and working hours.

The calculator is only a guide and should not be relied upon to give an actual figure, but it does help explain the differences between the different structures and how this affects your take-home pay.

 

The calculations are for illustrative purposes only and are based on several assumptions [link to the below]

Umbrella:

  • You are on a standard 1257L tax code
  • Class 1 National Insurance
  • No additional income

 

Limited:

  • Your contract falls outside IR35
  • Director’s salary is equal to the earnings threshold for Employee’s National Insurance
  • All remaining company profit is taken as dividends

A complete suite of Solutions

Take a look at our range of flexible solutions to help you decide which working model suits you best. Don’t forget, our experts are always here to advise you if you need it.

Limited vs Umbrella Take-Home Pay Calculator

Limited Company

Choose from our three flexible limited company accountancy packages to maximise your take-home pay. Suitable for ‘outside’ IR35 contractors.

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Limited vs Umbrella Take-Home Pay Calculator

Workwell Umbrella

The freedom of contracting without the fuss. Let us handle your tax and national insurance so you can focus on what you do best. Suitable for ‘inside’ IR35 contractors.

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Limited vs Umbrella Take-Home Pay Calculator

IR35 Switch

Clear, professional and straight forward multi-sector umbrella payroll solution. Providing fanatical support, ensuring you are paid on time, every time.

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New to Contracting?

Starting your journey into self-employment is unbelievably exciting, but it can also feel a bit daunting. If you’re unsure where to begin, we’re here to help you start out strong

Limited vs Umbrella Take-Home Pay Calculator

Already Contracting?

If you’re searching for a new accountant, we make switching simple. We’ll do all the hard work for you, so you can have peace of mind your accounting affairs are managed seamlessly during the transition.

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If you are currently a Director of your own PSC and your enquiry is with regard to Workwell's umbrella solution, please tick this box