£650 Day Rate Take Home Pay
Calculate your exact take-home pay on a £650/day contractor rate inside IR35 or through an umbrella company.
£650/Day by Working Pattern
| Pattern | Contract Value | Annual Take-Home | Monthly | Retention |
|---|---|---|---|---|
| 3 days/week | £89,700 | £54,028 | £4,502 | 60% |
| 4 days/week | £119,600 | £68,574 | £5,714 | 57% |
| 5 days/week | £149,500 | £78,109 | £6,509 | 52% |
| 5 days (48 weeks) | £156,000 | £80,978 | £6,748 | 52% |
Based on standard umbrella arrangement: £25/week margin, 3% employer pension, 0.5% apprenticeship levy, no student loan.
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Contract Details
Enter your IR35/umbrella contract details
46 weeks = 6 weeks holiday/gap
Typically £20-£35 per week
Full Breakdown (2025/26)
£650/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
Frequently Asked Questions
What is the take home pay on a £650 day rate?
On a £650/day rate working 5 days a week for 46 weeks (inside IR35 or umbrella), your approximate take-home pay is £78,109 per year, or £6,509 per month. Your effective day rate after all deductions is approximately £340.
How much tax do I pay on £650 day rate?
On a £650/day rate (5 days, 46 weeks), you would pay approximately £42,514 in income tax and £4,513 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 £650 day rate inside IR35?
On a £650/day rate inside IR35, you typically retain around 52% of your contract value as take-home pay. This accounts for umbrella margin, employer NI (15%), employer pension (3%), income tax, and employee NI.