Work out day rate to salary instantly with clear inputs, formula shown and shareable results.
A day rate is not comparable to a salary until non-billable days and overheads are deducted. Contractors typically bill 200 to 230 days a year, and insurance, accounting and equipment absorb a further slice.
Day rate to salary
Equivalent = day rate × billable days × (1 - overhead %)
Tax figures are estimates based on the rates, caps and thresholds you enter. Real rules differ by jurisdiction and change every year, and personal circumstances alter the outcome. This is not tax or financial advice — confirm with a qualified adviser.
Weekends, public holidays, leave and gaps between contracts consume the rest of the calendar.
Pension, insurance and sick pay have no employer contribution in contracting, so build them into the rate.