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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:  
IR35 status:  
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:  

Solutions for Contractors: