2026/27 Tax YearContractor
Target Income Calculator
Work backwards from your desired take-home pay to find the day rate you need to charge.
Your Target
Required Day Rate
To achieve £60,000 take-home (Outside IR35)
You need to charge
£367
per day
Hourly Rate
£46
Weekly Rate
£1,834
Monthly Gross
£6,726
Annual Gross
£80,717
Outside IR35
Required Day Rate£367
Hourly Rate£46
Annual Gross£80,717
Inside IR35
Required Day Rate£446
Hourly Rate£56
Annual Gross£98,229
Inside IR35 requires a day rate £80 higher to achieve the same take-home pay