IE
Loading Tools
Professional Irish Financial Analysis • 2026
Generated On
22 July 2026
Note: This report is an estimate based on current Irish Revenue tax bands and provided inputs. For official tax advice, please consult a qualified professional or visit Revenue.ie.
Loading Tools
Compare take-home pay between umbrella company and limited company structures for Irish contractors.
Umbrella vs Limited Company Calculator helps Irish contractors compare take-home pay under both employment structures.
Enter your daily rate, days worked, and expenses to see the net income difference between umbrella and limited company arrangements.
All calculations are estimates. Consult a qualified accountant for personalised advice.
Monthly Net Comparison
5yr Delta: -€163,729 · PAYE: €56,800/yr
Umbrella Eff.
54%
Ltd Eff.
83%
PAYE Eff.
48%
Days Worked Sensitivity
Umbrella Breakdown
Ltd Company Breakdown
Section 12/13 Risk Assessment
/10Risk of reclassification. Consider umbrella to avoid Revenue inquiry.
Expense Categories (Monthly)
Monthly Cash Flow Comparison
| Month | Umbrella | Ltd (Salary+Div) |
|---|---|---|
| M1 | €4,216 | €3,750 |
| M2 | €4,216 | €3,750 |
| M3 | €4,216 | €3,750 |
| M4 | €4,216 | €3,750 |
| M5 | €4,216 | €3,750 |
| M6 | €4,216 | €3,750 |
| M7 | €4,216 | -€7,399 |
| M8 | €4,216 | -€7,399 |
| M9 | €4,216 | -€7,399 |
| M10 | €4,216 | €3,750 |
| M11 | €4,216 | €3,750 |
| M12 | €4,216 | €3,750 |
Umbrella pays steady monthly. Ltd pays salary monthly + dividends quarterly — plan cash flow accordingly.
Contractor Guide
Umbrella vs Ltd — The Decision Framework
Below ~€80k/yr gross, umbrella is simpler and cost-effective. Above €100k, Ltd company structure saves significant tax via 12.5% corp tax and dividend extraction. The Section 12/13 risk score is critical — if your score exceeds 5, umbrella is safer regardless of income.
The Hidden Costs of Ltd
Accountancy fees (€1,200-€3,000/yr), employer PRSI (11.05% on salary above €506/week), and dissolution costs (€1,000-€3,000) reduce the Ltd advantage. Retained profits locked in the company subject to close company surcharge on non-trading income.
Auto-Enrolment 2026 Changes
From October 2026, all employees (including umbrella workers) are automatically enrolled in a pension scheme — employer contributes 3%, employee 3%, government 1%. Ltd company directors may opt out, preserving more take-home pay.
Scenario-based suggestions to help you validate your result and explore the next decision point.