Take-Home Pay / Net Pay
The amount that reaches your bank account after all deductions — employer NI, apprenticeship levy, umbrella margin, income tax, employee NI, and pension.
Take-home pay (also called net pay) is what you actually receive into your bank account. For umbrella contractors, it is the result of a multi-step deduction chain starting from the assignment rate.
The deduction sequence is: (1) Assignment rate → subtract employer NI → subtract apprenticeship levy → subtract umbrella margin = Gross salary. (2) Add holiday pay to gross. (3) Subtract income tax → subtract employee NI → subtract employee pension = Net pay.
On a £500/day rate (£120,000 annual assignment), a typical take-home is approximately £68,000–£72,000/year — around 57–60% of the assignment rate, depending on pension contributions and personal allowance.
Use our calculator to get your exact take-home figure with 2026/27 rates.