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Freelance True Day Rate Calculator

Calculate the day rate you really need to charge as a freelancer. Accounts for tax, holidays, sick days, pension, and business overheads.

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Your Required Rates

Required Day Rate£354.84
Required Hourly Rate (7.5h day)£47.31
Equivalent Monthly Income£6,416.67

Based on 217 billable days per year.

You need to gross £73,333.33 before tax.

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Freelancer Tax Obligations

As a freelancer in the UK, you're responsible for your own tax and National Insurance. It's crucial to set money aside for your tax bill. For official guidance on your responsibilities, visit the GOV.UK self-employment guide.

Frequently Asked Questions

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