Home / Day Rate Calculator
Convert a day rate to an annual income equivalent, or work out what day rate you need to charge to hit a target salary.
Typical full-time contractor: 230 days (allows for holidays and gaps between contracts).
Gross income before tax. Use the Self-Employed Tax Calculator to estimate your take-home.
Remember to factor in holidays, sick days, and time between contracts.
This is the minimum rate to hit your income target. Consider adding a buffer for IR35, pension, and business costs.
Setting the right day rate is one of the most important decisions for any contractor or freelancer. Charge too little and you won't cover your costs; charge too much and you risk losing work.
A common rule of thumb: your day rate should be roughly double the daily equivalent of a permanent salary for the same role.
Specialist accountants and tools built for UK contractors and freelancers.
Crunch
Online accountants for contractors
Gorilla Accounting
Contractor specialist accountants
FreeAgent
Accounting software for freelancers
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