Daily Rate to Salary Calculator
Convert a contractor day rate to an annual salary equivalent.
£
Annual
£104,000
Monthly
£8,667
Weekly
£2,000
Note: Contractors typically work around 46–48 weeks per year accounting for holidays. This calculator uses 52 weeks for a like-for-like comparison.
Compare a contractor day rate with a permanent salary. Remember that contractors typically don't receive employer pension contributions, sick pay, or paid holiday — these should be factored into any comparison.
How It Works
Annual equivalent = Day rate × Days per week × 52
A £500/day rate at 5 days/week = £130,000/year gross.
Most contractors work 46–48 weeks after holidays, so a more realistic figure is: £500 × 5 × 46 = £115,000/year.