£55 an hour take-home pay, 2026/27

£55 an hour is £440 for an 8-hour day, or £101,200 over 1,840 hours a year. That leaves about £5,496 a month outside IR35 and £5,146 a month inside IR35.

Adjust for my hours

What £55 an hour comes to

Inside IR35 (umbrella)Outside IR35 (Ltd company)
Take-home per year£61,753£65,957
Per month£5,146£5,496
Per week£1,188£1,268
Per hour worked£33.56£35.85
Share of gross kept61.0%65.2%

Assumes 8 hours a day, 5 days a week for 46 weeks, no pension, umbrella margin not deducted, and for the Ltd company a £12,570 salary plus dividends with £2,000 of expenses.

Your details

£
£
£
AssumptionsOutside IR35: Optimal Ltd Co structure, salary set to personal allowance (£12,570). All remaining profit taken as dividends.
↑
Outside IR35 saves you £4,204/yearThat's £350 more per month in your pocket
Inside IR35 (umbrella)
£61,753
£5,146 per month
Tax burden: 39.0%
Gross income£101,200
Employer NI & levy−£12,932
Income tax−£22,739
Employee NI−£3,776
Take home£61,753
Outside IR35 (Ltd Co)· keeps more
£65,957
£5,496 per month
Tax burden: 34.8%
Gross revenue£101,200
Employer NI−£1,136
Expenses−£2,000
Corporation tax−£17,154
Dividend tax−£14,953
Take home£65,957
Annual gross
£101,200
Daily rate
£440
Working days/yr
230
IR35 contract reviewOutside IR35 is worth £4,204 more a year. Would your contract hold up if HMRC checked?Know your status before you sign. A professional review typically costs £99–£150 and gives you a defensible position with HMRC.Review my contract →
Estimates only. Inside IR35 assumes an umbrella company deducts employer NI and the apprenticeship levy, before its own margin. Outside assumes a £12,570 Ltd Co salary. Individual circumstances vary — consult a contractor accountant for personalised advice.

Other hourly rates