How to Calculate Your Freelance Day Rate
A practical guide to setting your day rate as a freelancer or contractor, including salary equivalence and market benchmarks.
All guides · More Income and work · All calculators
Related calculators
- Day Rate Calculator — Enter your annual salary, hourly rate, or target income to calculate your equivalent day rate — or convert a day rate back to an annual figu
- Take-Home Pay Calculator — Enter your salary to see a breakdown of income tax, National Insurance, pension contributions, and student loan repayments — and what you ac
- Overtime Calculator — Enter your base rate, overtime hours, and multiplier to see your gross overtime pay — and optionally estimate the tax and NI on your extra e
- Holiday Entitlement Calculator — Full-time UK workers are entitled to at least 28 days (5.6 weeks) of paid holiday per year including bank holidays. Part-time and irregular
- Holiday Accrual Calculator — Enter your annual entitlement and leave year dates to see how many days you have accrued so far and how many remain.
- Inside IR35 Calculator — Enter your day rate to see your estimated inside IR35 take-home pay after employer’s NI, income tax, employee NI, and umbrella fees.
Related guides
- How Holiday Accrual Is Calculated in the UK — Learn how holiday builds up over a leave year and how to check how much you have accrued so far.
- How Holiday Entitlement Works in the UK — A practical guide to understanding your statutory holiday entitlement as a UK worker, covering full-time, part-time, and irregular working patterns.
- How Overtime Pay Works in the UK — Understand your overtime pay rights, how it is taxed, and how different multipliers affect your earnings.
- How Payroll Deductions Work in the UK — Understand what comes out of your pay: income tax, National Insurance, pension, and student loan deductions explained.
- Inside IR35 Explained: What UK Contractors Need to Know — A clear guide to working inside IR35, how it affects your take-home pay, and what it means for your contract.
- Outside IR35 Explained for UK Contractors — What outside IR35 means, how it affects your take-home pay, and the key differences between inside and outside IR35.