§ Contractor calculator · £700/day
£700/day contractor
take-home calculator.
At £700/day (5 days × 46 weeks = annual gross £161,000), here's what each contracting structure actually pays in the 2026/27 tax year.
§ Quick answer
At £700/day, the most tax-efficient structure is permanent salary at £96,488 net annual — an effective tax rate of 40.07%.
- Outside IR35 (Ltd)
- £94,016/yr
- Inside IR35 (Umbrella)
- £84,853/yr
- Permanent salary
- £96,488/yr
Specialist contractor rate. Strong demand for fintech, AI/ML engineering, regulatory consulting.
§ Try other inputs
Loading calculator…
§ Try other day rates