Target Income Contracting Calculator

Calculate the contracting rate you need to earn to reach your target income

Use this calculator to work out what contracting rate you would need to charge so that you can earn your target monthly net income.

Simply input the monthly net income you want to achieve, along with your current hourly or daily rate, and the IR35 status of your contract.

This calculator will then compare your current income with your target income and tell you by how much you will need to increase your rate by, in both cash and percentage terms.

Please enter your details to calculate your required rate rise:

Basic Calculation >
Desired monthly net income:	£
Rate:	£
Rate type:		hourly     daily
IR35 status:		outside    inside
Hours per week:
Days worked per week:
Weeks per year:
Annual expenses:	£
Gross salary drawn as Director:	£	(excl Employers NI Employees NI)
Annual pension contributions:	£
Other annual income:	£
I split the dividend and receive		percent.
Personal tax code:
		(Single person code 1257L - Budget 2022)
Tax year:		Fiscal Year 2000/2001 Fiscal Year 2001/2002 Fiscal Year 2002/2003 Fiscal Year 2003/2004 Fiscal Year 2004/2005 Fiscal Year 2005/2006 Fiscal Year 2006/2007 Fiscal Year 2007/2008 Fiscal Year 2008/2009 Fiscal Year 2009/2010 Fiscal Year 2010/2011 Fiscal Year 2011/2012 Fiscal Year 2012/2013 Fiscal Year 2013/2014 Fiscal Year 2014/2015 Fiscal Year 2015/2016 Fiscal Year 2016/2017 Fiscal Year 2017/2018 Fiscal Year 2018/2019 Fiscal Year 2019/2020 Fiscal Year 2020/2021 Fiscal Year 2021/2022 Fiscal Year 2022/2023 Fiscal Year 2023/2024 Fiscal Year 2024/2025
		CALCULATE

Solutions for Contractors: