The Contract Eye Umbrella Company Calculator accurately works out the deductions and taxes from your umbrella company assignment rate. What is your net take home pay?
How to use the Umbrella Company Calculator
Our easy-to-use embedded Excel calculator allows you to estimate your weekly take-home pay when working through an umbrella company. Refresh the page if you make a mistake and want to restart.
The calculator will then provide a detailed breakdown of your payslip deductions and your net take home pay.
Please scroll down for some important notes and assumptions.
You will typically notice small differences in the calculations provided by online umbrella calculators as there are several other input and output variables involved.
Although we’ve taken great care with our calculations, please make sure you ask prospective umbrella providers for a personalised illustration.
To make the calculator as simple as possible, we’ve made a few assumptions:
You are eligible for the full personal allowance (£12,570) – with a standard 1257L tax code.
Your holiday pay is ‘rolled up’ (advanced) and this is included in your weekly gross pay.
You are not enrolled in the umbrella company’s workplace pension.
We have included the option to pay into a personal pension via salary sacrifice.
You’re not making student loan repayments out of your pay.
Further advice when choosing an umbrella company
Understand the fee structure—Get clarity on weekly or monthly fees, any hidden fees, and whether there are exit penalties for leaving the scheme early.
Check that the umbrella is fully compliant. To remain compliant, Choose a PAYE scheme that deducts the correct taxes. Differences in take-home pay between providers should only be due to fees.
Is the umbrella a member of the FCSA and/or Professional Passport?
Ask colleagues for recommendations – Get insights from contractors already using umbrella companies about reputable providers.
Speak to an umbrella company representative. Have a conversation to get a feel for the company’s culture and service levels before signing up.
Remember that you can switch providers – If an umbrella does not meet expectations, you can switch to a new provider.
Make sure you only choose a compliant UK-based PAYE umbrella and avoid non-compliant tax avoidance schemes.
