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Freelance Rate Calculator
Free freelance rate calculator. Enter your target annual income, working hours, and expenses to calculate your ideal hourly rate, day rate, and project rate instantly. Perfect for UK contractors and freelancers.
Your Rates
Hourly Rate
£46.01
Day Rate (8hr)
£368.06
5-Day Project
£1,840.28
Breakdown
Estimates only. Consult an accountant for tax advice specific to your situation and country.
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Frequently Asked Questions
How do I calculate my freelance day rate?
Divide your required annual gross income (including business costs and a tax buffer) by the number of billable days you expect to work per year. Most freelancers have around 150 to 165 billable days after accounting for holidays, sickness, admin time, and gaps between contracts.
How many billable days does a freelancer have per year?
A typical UK freelancer has around 150 to 165 billable days per year. The working year has around 253 weekdays, minus 28 days holiday, 8 bank holidays, roughly 10 days sickness allowance, 46 days for business development and admin (one day per week), and 20 days of gaps between contracts.
Should my freelance rate include VAT?
Your day rate is usually quoted exclusive of VAT. If you are VAT registered, you charge VAT on top. Your rate itself should not change because of VAT since you collect it on behalf of HMRC. Use our VAT Calculator to add or remove VAT from any figure.
How is a freelance hourly rate different from a day rate?
A day rate is typically based on a 7 to 8 hour working day. To get your hourly rate, divide your day rate by your working hours per day. For example, a day rate of £400 over a 7.5-hour day gives an hourly rate of approximately £53.
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