Relevant life insurance for contractors

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Target Income Calculator

Calculate the contract rate or salary you need to earn your desired monthly net income

You can use this versatile calculator to work out the contract rate or permanent employment salary you need to earn your target net income each month.

Simply enter your target monthly take home pay and this calculator will show how much you would need to earn as both a contractor and an employee, with tax taken into account.

For contractors, both hourly and daily rates are displayed, as well as increased rates for contracts that fall within IR35. For employees, the calculator estimates an annual salary requirement.

Please enter your details to find out your required earnings:

Desired monthly net income: £
Personal tax code:  
    (Single person code 1257L- Budget 2022)
Tax year:  

Solutions for Contractors: