Modulas

What is £950 a day after tax?

Each setup for the same day rate, worked out with the Modulas calculator, using HMRC rates for 2026/27.

SetupA yearA monthYou keep
Umbrella company£113,109£9,42651%
Inside IR35£128,598£10,71758%
Limited company£114,859£9,57252%
Sole trader£129,352£10,77959%

Tax at the rates for England, Wales and Northern Ireland. Each setup's page has the Scottish figures.

Change the figures in the calculator

Sources

Rates checked against GOV.UK on 8 October 2026.

To quote this page

Modulas, 'What is £950 a day after tax?', https://modulas.io/answers/950-a-day-after-tax/. HMRC rates for 2026/27, checked against GOV.UK on 8 October 2026.

Other day rates, every setup

Questions

Which setup leaves the most from £950 a day?
Of these, a sole trader leaves the most: £129,352 a year. Which setups you can use depends on the contract and how the work is done, not only on what leaves the most.
What does £950 a day come to in a year before tax?
£220,400: £950 for each of 232 working days.

Estimates, not financial advice, using HMRC rates for 2026/27. Talk to a qualified accountant before you act on them.