CONTRACTOR PRICING
Contractor day rate calculator
Turn an annual income target into a defensible day rate using realistic utilisation and business costs.
Required day rate
£419per day
- Required annual contract revenue
- £92,222
- Equivalent 7.5-hour rate
- £56
- Billable days
- 220
This is a commercial pricing target before deciding whether the engagement is PAYE, umbrella, inside IR35 or outside IR35.
SOURCES & REVIEW
Checked against official guidance
Last checked 14 July 2026 · Rule version GB-2026.27.1
GOV.UK: Employment status ↗GOV.UK: Off-payroll working ↗COMMON QUESTIONS
Frequently asked questions
How many billable days should I use?
Start below the calendar working-day total to allow for holidays, sickness, training, administration and gaps between contracts.
Does the day rate determine IR35 status?
No. Status depends on the working arrangement and facts, not the rate charged.