£1200 Day Rate Take Home Pay
Calculate your exact take-home pay on a £1200/day contractor rate inside IR35 or through an umbrella company.
£1200/Day by Working Pattern
| Pattern | Contract Value | Annual Take-Home | Monthly | Retention |
|---|---|---|---|---|
| 3 days/week | £165,600 | £85,270 | £7,106 | 51% |
| 4 days/week | £220,800 | £109,824 | £9,152 | 50% |
| 5 days/week | £276,000 | £134,377 | £11,198 | 49% |
| 5 days (48 weeks) | £288,000 | £139,693 | £11,641 | 49% |
Based on standard umbrella arrangement: £25/week margin, 3% employer pension, 0.5% apprenticeship levy, no student loan.
Customise Your Calculation
Contract Details
Enter your IR35/umbrella contract details
46 weeks = 6 weeks holiday/gap
Typically £20-£35 per week
Full Breakdown (2025/26)
£1200/day × 5 days × 46 weeks
Umbrella & Employer Costs
Your Deductions (PAYE)
Understanding IR35 & Umbrella Companies
- • Inside IR35: You're treated as an employee for tax purposes
- • Employer NI: Comes out of your contract rate, not paid on top
- • Holiday Pay: Accrued at 12.07% (5.6 weeks ÷ 46.4 working weeks)
- • Umbrella Margin: Typically £20-35/week for admin and payroll
- • Apprenticeship Levy: 0.5% for umbrellas with pay bill over £3m
Compare Similar Day Rates
Frequently Asked Questions
What is the take home pay on a £1200 day rate?
On a £1200/day rate working 5 days a week for 46 weeks (inside IR35 or umbrella), your approximate take-home pay is £134,377 per year, or £11,198 per month. Your effective day rate after all deductions is approximately £584.
How much tax do I pay on £1200 day rate?
On a £1200/day rate (5 days, 46 weeks), you would pay approximately £90,290 in income tax and £6,637 in National Insurance. Additional deductions include employer NI, umbrella margin, and pension contributions which come out of your contract rate.
What percentage do I keep on a £1200 day rate inside IR35?
On a £1200/day rate inside IR35, you typically retain around 49% of your contract value as take-home pay. This accounts for umbrella margin, employer NI (15%), employer pension (3%), income tax, and employee NI.