Umbrella Company Take Home Pay Calculator

(3 minutes to read)

As a contractor, your take home pay is the most important thing to you. You want to know how much you will get in your pocket at the end of the week or month, and that you won’t fall foul of HMRC.

As a contractor, your take-home pay is the most important thing to you. You want to know how much you will get in your pocket at the end of the week or month and that you won’t fall foul of HMRC. Luckily, our calculator will give you an instant illustration so you know what to expect – just enter your payment details and click!

My Pay is £ per

Umbrella take home pay

per week

per month

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Limited take home pay

per week

per month

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The figures above are an illustration only, using a series of assumptions based on common working patterns. Please find the assumptions here. Your actual take home pay will depend on a variety of factors – for a breakdown of these figures and a bespoke pay illustration, please call us on 01442 795 100 or email

Factors that affect your umbrella take home pay.

All compliant Umbrella Companies calculate your pay in the same way. If you see a take-home pay calculation that gives a noticeably higher figure than others, beware! It’s likely the Umbrella is either factoring in a large amount of expenses into your payment or operating a tax avoidance scheme. Although you will see the benefit in the short term, HMRC are aggressively pursuing users of tax avoidance schemes to reclaim unpaid tax and NICs.

The only factor that should affect your take-home pay is the Umbrella Company’s margin. This margin covers all the Umbrella Company’s operations – you should consider the following when looking at the margin:

How am I paid? Some Umbrella Companies offer same-day payments as standard, others don’t and will charge you extra if you want your money in your account the same day they process payment. As we run a payroll every single working day, providing cleared funds are received into our bank account by 9am, we will make payment to you the same day.

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Is the margin fixed? Some Umbrellas use a fixed weekly margin, so you know exactly what will be deducted. Others charge a percentage of your invoice value – which can get expensive on higher rates!

What is the service like? Does the Umbrella promise a good level of service and do they actually deliver it? Do they provide a dedicated member of staff for your to deal with, or will you be explaining who you are and what you do every time you call?

Are they compliant? Don’t just take the Umbrella’s word for it – look for awards, accreditations and badges of compliance for peace of mind.

Are they established? A reputable, long-running Umbrella means your money is in safe hands. It is a sad fact that some fly-by-night Umbrella Companies have disappeared along with contractors’ hard-earned money, so don’t take a risk on an unknown operator.

Our award-winning sister company, Contractor Umbrella, are one of the longest-running and most respected names in the industry. If you’d like to know more, visit their website or give them a call on 01206 761 326.

If you think a Limited Company might be a more suitable option, have a look at our Limited or Umbrella guide, give one of our specialist contractor accountants a call on 01442 795 100 or email

Why Dolan Accountancy?

Dolan Accountancy was set up by Simon J Dolan, the man behind the well-known brand SJD Accountancy. With over 25 years experience in the contracting marketing, Dolan Accountancy has the heritage, reputation and credibility you can trust. Working closely with our sister company, Contractor Umbrella, it means we can offer one low cost, fixed fee package at £95 + VAT per month. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost. We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours.
  • Free use of Contractor Umbrella – With changes in Public Sector IR35 Legislation we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, Contractor Umbrella.
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams.
  • Free Access to FreeAgent – The founder behind the multi award winning FreeAgent platform was one of Simon’s first clients, therefore it only seems fitting that we offer all of our clients access to FreeAgent, free of charge.
  • Free Business Banking – We have decided to waive our commission so our clients can use Tide free of charge for the first year.
  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status.
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative.
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few.
  • Same day payments- We offer same day payments as standard providing funds are received into our account by 9am, for no additional fee.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795100 or email or