Free UK contractor calculator

Hourly Rate to Annual Revenue Calculator

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

Quick answer

How this calculator works

Annual revenue = hourly rate × billable hours per week × billable weeks per year. The result is rounded to the nearest penny using half-up rounding.

Rate converter

Calculate annual revenue

Enter the hourly rate and the working-pattern assumptions used in the conversion.

Your gross hourly rate before tax and expenses.

Use the hours you expect to bill in a typical week.

Exclude weeks you do not expect to invoice.

Your result

Estimated annual revenue

£—

Your result will appear here.

Assumptions and limitations

  • The annual revenue 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

At £50 per hour, 40 billable hours and 46 billable weeks, estimated annual revenue is £92,000.

Adjust for your schedule

Change the billable time assumptions to see how the equivalent annual revenue changes.

Frequently asked questions

Does this estimate take-home pay?

No. This converts gross hourly rate to gross annual revenue; 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.