Running your own limited company is the most tax efficient way of working for UK contractors and freelancers. To calculate your monthly take home pay, enter the hourly or daily rate into the boxes provided. We have assumed an average working week of 5 days or 40 hours. Most contractors will take home around 80% of their gross contract income by working through their own limited company (outside IR35). To get things started, check out our top 10 contractor accountants or request a call back today.