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Planning & Finance

Freelancer & Trades Day Rate Calculator

The day rate and hourly rate you need to cover your costs, holidays, sick days and tax – and still take home the income you want

£20

Secure checkout. Your file is ready in your client portal as soon as payment clears.

Freelancer & Trades Day Rate Calculator

Overview

An employee on £40,000 is paid for every day of the year, including holidays and sick days, and the employer pays for the van, tools and pension. When you work for yourself, your day rate has to cover all of that from far fewer billable days. This workbook shows the real number.

Price
£20
Who it’s for
Planning & Finance
Works with
Microsoft Excel for Windows and Mac
Buy now

See how it works

A walk through the main sheets

The sheets you will use most, in the order you will use them – shown with the sample data every workbook comes with.

Step 1

Calculator

Working days, target income and the rate you need. What you do: enter your targets.

Calculator
Costs

Step 2

Costs

Business costs for the year. What you do: one line per cost.

Step 3

Settings

Tax and National Insurance assumptions. What you do: check once a year.

Settings

Step 4

Who it is for

Made for people like you

  • Example – text
  • Freelancers and consultants – Set a rate that pays you properly.
  • Tradespeople – Price jobs knowing your true hourly cost.
  • People going self-employed – Compare your old salary with the rate you need to charge.

Quick start

Up and running in minutes

  1. Example – text
  1. Settings – The take-home you want and your working year.
  2. Costs – Every business cost for a year.
  3. Dashboard – The day rate and hourly rate you need, and how your current rate compares.

Key features

  • Starts from the take-home pay you want and works back through income tax, Class 4 NI and your business costs to the profit and turnover you need.
  • Works out the days you can really bill after holidays, bank holidays, sickness, admin and gaps between jobs.
  • Gives the day rate, hourly rate and half-day rate to quote, and compares them with what you charge now.

What’s included

  • Dashboard – Your rates
  • Settings – Target pay and working year
  • Costs – Business costs
  • Calculator – Step-by-step workings
  • Guide – How to use this workbook

How buying works

Your file is only released to your client portal once payment has cleared.

1

Click Buy now

You are taken to our secure checkout.

2

Pay securely

Checkout takes a minute and you get a receipt by email.

3

Download your file

Your file is ready in your client portal as soon as payment clears, and we email you your invoice with a link to the portal.

Explore the range

Need it tailored to your business?

We can adapt any prebuilt solution or build something bespoke, with a lifetime bug-free guarantee.

Part of AML Finance Group

Need an accountant too?

Our sister firm, AML Accountancy Solutions, is an award-winning accountancy practice helping businesses and individuals across the UK with their accounts, tax, bookkeeping and payroll.

Visit AML Accountancy Solutions