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Free business calculator

Freelance Rate Calculator

Turn your income goal and realistic billable time into hourly and day rates.

Your numbersGBP · No sign-up · Inputs stay on this page
Suggested hourly rate£36.52
Suggested day rate£255.65
Annual revenue target£42,000.00
Annual billable hours1,150

Illustrative starting figures. Replace them with your own estimates. Results are general planning information, not personalised financial or tax advice.

Understand the result

How it is calculated

Annual revenue target = annual income before personal tax + annual business expenses. Billable hours = working weeks × billable hours per week. Hourly rate = revenue target ÷ billable hours. Day rate = hourly rate × billable hours per day.

A worked example

A £36,000 pre-tax income goal plus £6,000 expenses requires £42,000 revenue. Across 46 weeks and 25 billable hours a week, that is £36.52 an hour, or £255.65 for a 7-hour billable day.

Common questions

Should I enter all the hours I work?

Enter only hours you expect to invoice. A 40-hour working week may contain substantially fewer billable hours.

How do I include tax?

Choose a pre-tax income target with help from an accountant or an appropriate tax calculation. No flat percentage here can estimate your individual tax liability.

Keep planning

Startup Cost Calculator ↗Profit Margin Calculator ↗Break-Even Calculator ↗Business Expense Calculator ↗Read startup guides ↗

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