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Umbrella Take-Home Calculator
Use our Umbrella (Inside IR35) calculator to find out your take-home pay and pension contributions. Enter your rate, umbrella company details and pension preferences to get a detailed breakdown.
Results
On an umbrella day rate of £300, salary sacrificing £25 per day and working 47 weeks, you will take home £42,346 in pay (after tax) and add £5,875 to your pension.
After employer-side taxes (Employer's National Insurance, Company Margin and Apprenticeship Levy), this equates to £55,294 of taxable pay. When added together with £5,875 of pension contributions, this represents complete compensation of £61,169.
| Taxable Pay | Take-Home Pay | Added to Pensions | Complete Compensation |
|---|---|---|---|
| Taxable Pay £55,294 | Take-Home Pay £42,346(£3,529 / month) | Added to Pensions £5,875(£490 / month) | Total Compensation £61,169Taxable Pay plus Pension |
Full Breakdown
| Weekly (1 week) | Monthly (~3.92 weeks ) | Yearly (47 weeks) | |
|---|---|---|---|
| Gross Pay | £1,500 | £5,875 | £70,500 |
| Deduced for SIPP | -£125 | -£490 | -£5,875 |
| Before Deductions | £1,375 | £5,385 | £64,625 |
| Company Deductions | |||
| Employer's National Insurance (15%) | -£166 | -£650 | -£7,803 |
| Company Margin | -£27 | -£104 | -£1,246 |
| Apprenticeship Levy | -£6 | -£24 | -£283 |
| Employee Deductions | |||
| Employee's Pension Contributions | -£0 | -£0 | -£0 |
| Income Tax | -£203 | -£796 | -£9,550 |
| Employee National Insurance | -£66 | -£260 | -£3,116 |
| Umbrella Fees | -£6 | -£24 | -£282 |
| Pensions | |||
| Added to SIPP | £125 | £490 | £5,875 |
| Total Pension Contributions | £125 | £490 | £5,875 |
| Total | |||
| Taxable Employee Pay | £1,176 | £4,608 | £55,294 |
| Taxes and fees paid | -£275 (23.42%) | -£1,079 (23.42%) | -£12,948 (23.42%) |
| Take-Home Pay | £901 (76.58%) | £3,529 (76.58%) | £42,346 (76.58%) |
| Added to Pensions | £125 (0.00% + £125 SIPP) | £490 (0.00% + £490 SIPP) | £5,875 (0.00% + £5,875 SIPP) |
Allocate your income and savings using Saving Tool Advanced
This calculator serves as a general guide for figuring out how much you can put into a SIPP and take home. To run a full simulation that takes into account your income, outgoings, existing investments and lots more, create a scenario using Saving Tool Advanced.
Go to Saving Tool Advanced →Notes
- Assumes your Umbrella company allows you to contribute to a SIPP (Self-Invested Personal Pension) on a Salary Sacrifice basis
- Allows you to add on an additional NEST-like pension, which is common practice for umbrella companies
- Assumes holiday pay paid in advance
- Does not include any expenses such as mileage
- Postgrad loans are currently unsupported
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