Modulas

Umbrella company calculator for 2026/27

£500 a day through an umbrella company leaves you about £68,706 a year after tax, or £5,726 a month.

Worked out with the Modulas calculator, using HMRC rates for 2026/27. Rates checked against GOV.UK on 8 October 2026.

Work out your own figures

Take-home from £300 to £1,000 a day

Day rateA yearA monthYou keep
£300£45,383£3,78265%
£400£57,083£4,75762%
£500£68,706£5,72659%
£600£76,372£6,36455%
£700£86,378£7,19853%
£800£97,070£8,08952%
£900£107,762£8,98052%
£1,000£118,455£9,87151%

How it's worked out

  1. The agency pays the umbrella company for your days.
  2. The umbrella company takes its fee and employer's National Insurance. These come out before your pay.
  3. What's left is your gross pay. Income tax and National Insurance come off it, as on any payslip.

What it leaves out

  • Pension payments, business costs and student loan, unless you add them in the calculator.
  • Tax at the rates for England, Wales and Northern Ireland. Scotland has its own income tax bands: choose Scotland in the calculator.
  • Anything about your own situation, such as other income or savings.

Sources

Rates checked against GOV.UK on 8 October 2026.

To quote this page

Modulas, 'Umbrella company calculator for 2026/27', https://modulas.io/umbrella-calculator/. HMRC rates for 2026/27, checked against GOV.UK on 8 October 2026.

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Questions

How much is £500 a day a month after tax?
£5,726 a month, which is £68,706 a year, through an umbrella company.
How much of £500 a day do I keep?
About 59%: £68,706 of £116,000 a year, through an umbrella company.
What does the umbrella company's fee cost?
This page assumes £1,300 a year. Fees usually run from £20 to £35 a week. Enter yours in the calculator.
Why is my gross pay lower than what the agency pays?
Because the umbrella company is your employer. It pays its fee and employer's National Insurance out of what the agency pays, before your pay. The figures here assume the Apprenticeship Levy is not passed on to you.
How many working days does it assume?
232 working days: 5 days a week for a year, less 28 days off for holidays and bank holidays.
Does it work in Scotland?
Yes. Choose Scotland in the calculator and it uses Scotland's income tax bands. National Insurance is the same across the UK.
Is it free?
Yes. The calculator and every page like this are free, with no sign-up and no advertising.

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