UK contractor planning tool
UK contractor day-rate calculator
Estimate annual contracting revenue and income before personal or company taxes from your day rate and billable time.
Include costs such as insurance, accountant, equipment, software, pension, training and unpaid time where relevant.
Estimated annual income before tax
£83,100.00
£6,925.00 a month before tax
- Billable days per year
- 198
- Estimated annual revenue
- £89,100.00
- Business costs
- −£6,000.00
- Income before tax
- £83,100.00
This is not a take-home-pay calculation. IR35 status, umbrella fees, VAT, Corporation Tax, dividends, Income Tax, National Insurance and pension treatment can materially change what you keep.
Using a contractor day rate
Do not assume every weekday is billable. Allow for holidays, sick days, sales time, training, gaps between contracts and administration before comparing a day rate with an employed salary.