Day Rate Calculator — United Kingdom

Find the gross day rate you need to charge as a United Kingdom freelancer or contractor to hit your target take-home pay after Income Tax and National Insurance. This free calculator factors in 2024/25 tax rates, your billable days per year, and allowable expenses.

How Day Rate Is Calculated

  • Working assumption: 48 weeks per year × 4 billable days = 192 billable days
  • Deductions: Income Tax + National Insurance calculated at 2024/25 rates
  • Allowances: Personal allowance and standard HMRC reliefs applied automatically
  • Result: Required gross day rate, hourly rate (÷8), and monthly invoicing target

How to Use This Calculator

  1. Enter your desired annual take-home pay
  2. Adjust billable weeks and days per week to match your working pattern
  3. Optionally add allowable annual expenses to reduce your taxable income
  4. See your required gross day rate, hourly rate, and monthly target

Related United Kingdom Tax Tools

  • Free United Kingdom Tax Calculator
  • VAT Threshold Calculator
  • Mileage Calculator
  • Tax Guides by Profession