Day rate → real take-home

The rate the agency quotes is not your salary. We strip out the umbrella margin, employer's NI and apprenticeship levy first — then run true PAYE on what's left.

Tax year 2026 / 27

Your details

Umbrella payslip
NetWage · 2026/27
Assignment income
£—
Weekly take-home
£—
£—/month · £—/year · keeping —% of the assignment rate
Employment costs (employer NI, levy, margin) come out of the assignment rate before your gross pay — that's the part most day-rate contractors don't see coming.

Where a £350/day rate actually goes

Inside IR35 via an umbrella, your assignment income first covers the umbrella's margin, employer's National Insurance (15% above the secondary threshold) and the 0.5% apprenticeship levy. Only the remainder becomes your gross salary for PAYE. Salary-sacrificing part of the rate into a SIPP avoids employee NI, employer NI and income tax on that slice — the single most effective lever a contractor has.

Working outside IR35 through your own limited company instead? That model (salary + dividends) is coming to NetWage soon.