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Earnings Calculator

What will you earn?

Setting a realistic rate

If you are trying to work out what hourly rate to set, this calculator from «ContractorCalculator» will help you to see your likely earnings at different hourly and daily rates.

Remember that you will have to pay taxes and national insurance out of your hourly rate. You should also allow for holiday pay, as you do not receive holiday pay for freelance contracts.

You must not set an hourly rate that results in your pay being lower than the national minimum wage for adults – which is £6.08 per hour from 1 October 2010. If you are not trading as a limited company, we recommend that you set your rate no lower than £7.50 per hour, to allow for holiday pay and employer’s national insurance.

Umbrella or limited company?

The calculator shows you the difference in your take-home earnings, depending on whether you use an umbrella company or work through your own limited company.

Remember that you must be paid through a limited company – an umbrella company or your own limited company – for all your people4 contracts.

Last updated 30.07.12

Earnings Calculator

Rate £
Rate Type Hourly   Daily
Weekly Expenses £
Weeks worked per year   
How do you get paid? Umbrella company
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Limited company
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Candidate 240271 £211.76 p/hr

Heathfield, East Sussex, UK.


Chartered Director. Experienced International business Executive, having started, owned and sold several technology and media-based enterprises. Particularly strong on board-level strategic planning and execution. Seeking Board-level strategic appointments, Boardroom Performance appraisal and enhancement projects, and Non-Executive roles. Interested in UK and non-UK roles.

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