People & employment
Contractor day-rate target Calculator
Calculate a sustainable pre-tax day and hourly rate from billable capacity. This free contractor day-rate target calculator shows the calculation and its assumptions so you can compare your own figures.
Your results
Calculate a sustainable pre-tax day and hourly rate from billable capacity.
Assumptions and estimates
- Target income is before personal tax. Billable days should exclude holidays, sales, administration and gaps between contracts. Rates exclude VAT and do not establish employment status.
- Method: Required revenue = income + overhead + pension/protection, increased by contingency. Divide by billable days and hours.
- Excludes VAT and personal tax. Billable days should exclude leave, sales, administration and contract gaps.
Useful next steps
- Use Compare options to test an alternative side by side.
- Copy, print or download a record of this calculation when you need one.
Reports open your email app addressed to s@s1.ie with the public page address only. Your inputs are never added.
How the contractor day-rate target calculation works
Required revenue = income + overhead + pension/protection, increased by contingency. Divide by billable days and hours.
Excludes VAT and personal tax. Billable days should exclude leave, sales, administration and contract gaps.
Using this calculator
- Enter your own figures in the labelled inputs. Keep the currencies, units and time periods consistent.
- Choose any applicable rate profile, pattern or assumption shown for this tool. Open additional inputs when relevant.
- Review required day rate and required hourly rate and required annual revenue, then read the stated assumptions and eligibility conditions before using the result.
Worked example
This is a static example using illustrative inputs, not facts about you or today’s date. The displayed eligibility selections and assumptions apply only to this example.
See example inputs
- Target annual income before personal tax (€)
- 60000
- Annual business overhead (€)
- 10000
- Annual pension and protection budget (€)
- 8000
- Annual billable days
- 180
- Billable hours per day
- 7.5
- Revenue contingency (%)
- 10
- Required Day Rate
- €476.67
- Required Hourly Rate
- €63.56
- Required Annual Revenue
- €85,800.00