Estimate income from gig economy work.
Gig platforms advertise gross earnings per hour, but fuel, mileage and vehicle wear come out of the driver's pocket. Subtracting weekly running costs from gross pay plus tips gives net income, and dividing that by hours worked exposes the real hourly rate — routinely several units below the advertised figure. Annualising at 52 weeks shows what a steady side gig contributes over a year.
Net gig earnings
Weekly net = hours x gross per hour + tips - vehicle costs; real hourly = weekly net / hours worked
Gig earnings are self-employment income in most jurisdictions and attract tax and social contributions that are not deducted at source. Figures here are before tax and are not tax advice.
Because the app reports gross pay and ignores the cost of running your vehicle. Fuel, tyres, servicing and depreciation are real expenses that fall entirely on you.
Use a per-mile allowance that covers fuel plus wear rather than fuel alone. National mileage rates published for tax purposes are a reasonable proxy.
Yes — gig income is generally self-employment income, so tax and social contributions are owed on the profit and are not withheld for you.