Free UK contractor calculator

Annual Revenue to Day Rate Calculator

Convert gross annual revenue into equivalent day rate using your expected billable working pattern.

Quick answer

How this calculator works

Day rate = annual revenue ÷ (billable weeks per year × billable days per week). The result is rounded to the nearest penny using half-up rounding.

Rate converter

Calculate day rate

Enter the annual revenue and the working-pattern assumptions used in the conversion.

Your gross revenue for the year.

Exclude weeks you do not expect to invoice.

Use the days you expect to invoice in a typical week.

Your result

Equivalent day rate

£—

Your result will appear here.

Assumptions and limitations

  • The day rate is a gross equivalent before tax, pension contributions, agency fees and business expenses.
  • All working-pattern values are editable assumptions and should reflect time you expect to bill.
  • The calculation does not add holiday, sick leave or other employment benefits.

Sources

No external rates or thresholds are used in this calculation.

Examples

Typical working pattern

Annual revenue of £92,000 over 46 five-day weeks is equivalent to £400 per day.

Adjust for your schedule

Change the billable time assumptions to see how the equivalent day rate changes.

Frequently asked questions

Does this estimate take-home pay?

No. This converts gross annual revenue to gross day rate; it does not deduct tax, fees or expenses.

Which working pattern should I use?

Use time you realistically expect to invoice, excluding unpaid leave, gaps between contracts and non-billable work.