Enter your desired gross annual salary
£80,000
Your day rate should be: £540 Hourly, that's: £67
See how we calculated this (it’s not £80,000/365). You can change all of these variables to whatever works for you.
We start with your target salary of £80,000 before deductions (tax etc.). Most salaried positions come with some form of benefits (healthcare, pension contributions and more), and we estimate that replacing these would cost about 20% of that salary. Then, most professional salaried employees would hope for a bonus, again, we assume 1%. That leaves us with a target of £96,800 to make.
Of the 365 days in a year, 104 are weekends. We think you are in The United Kingdom and our data says you have 0 paid public holidays. We’ve also used that data to match your country's mandatory paid holiday: 28 days.
The average number of unplanned (sick or otherwise) days worldwide is 6.4, but we’ll use 7 to be safe.
Finally, as a freelancer, approximately 20% of your time is spent on non-billable work, so we take that out of the picture too.
That gives us £96,800 / 180.8 days for a day rate of £535.4. We’d recommend rounding that up to the nearest 5 for the sake of sane accounting.