Day Rate to Salary Calculator
Turn a day rate into a yearly, monthly, weekly and hourly gross figure. Set the days you work each week and the weeks you work each year for an accurate annualised salary.
Your gross revenue
Estimated annual gross revenue
£69,000
Day rate × 5 days × 46 weeks
Gross revenue only — no tax, National Insurance or deductions. This is not a complete employment-package equivalent.
How this calculator works
Your day rate is annualised by multiplying it by the days you work each week and the weeks you work each year. Hourly, weekly and monthly figures are then derived from that annual amount. The result is the gross income your day rate generates over a year of billable work — not the value of an employment package.
Comparing contracting and permanent roles? Try the Contractor Day Rate vs Salary Calculator.
Working weeks and non-billable days
Most contractors are not paid for 52 weeks. Unpaid holiday, gaps between assignments, training, admin and sick days all reduce billable weeks. Lower weeks per year to reflect this: 46 weeks allows around six weeks of unpaid time, and 48 allows four.
Only count days you actually bill — non-billable days should not be in days per week for an income figure, though you may choose to price them into your day rate instead. A £300 day rate over 5 days and 52 weeks looks like £78,000, but over a more realistic 46 weeks it is £69,000 — the gap is the cost of your unpaid time.
Formula
annualPay = dayRate × daysPerWeek × weeksPerYear hourlyPay = annualPay ÷ (hoursPerDay × daysPerWeek × weeksPerYear) monthlyPay = annualPay ÷ 12
Worked example
- ݣ300 per day, 5 days/week, 46 working weeks/year
- ›Annual pay = 300 × 5 × 46 = £69,000
- ›Monthly pay = £69,000 ÷ 12 = £5,750
- ›Weekly pay = £69,000 ÷ 46 = £1,500
Gross income from billable days
The annual figure is the gross income your day rate generates over a year of billable work. It is not a take-home figure — it excludes tax, National Insurance, insurance, accountancy and other operating costs, and it is not a salary package with paid leave, sick pay or benefits.
Frequently asked questions
How do I convert a day rate to an annual salary?
Multiply your day rate by your billable days per week and your working weeks per year: annual gross = dayRate × daysPerWeek × weeksPerYear.
Should I count non-billable days?
For an income figure, only billable days count toward days per week. Price admin, training and bench time into your day rate rather than adding non-billable days to the calculation.
How do unpaid holidays affect the result?
They reduce your working weeks per year. Four weeks of unpaid holiday means 48 weeks; six weeks means 46 — each lowers the annual and monthly figures.
How does this compare with a permanent salary?
Only on gross pay. A day rate does not include paid leave, sick pay, pension or benefits, so the gross annual figure is not a like-for-like replacement for a salary package. Use the contractor comparison tool for a fuller view.