Resources
Calculating Your Day Rate
Thinking about becoming an interim or contractor? Simply input your annual salary into our calculator to determine your daily rate.
Calculating Your Day Rate
If you are thinking of becoming an interim or freelancer, you will need to determine your day rate.
Professional interim managers and freelancers are normally paid through their own Personal Service Company or via an umbrella company.
Typically, an interim or freelancer will work a maximum of 220 days a year and will only be paid for those days they work; therefore they are not entitled to holiday or sick pay or any other benefit entitlements.
Calculate Your Day Rate Inside or Outside of IR35:
Considering Contracting?
Calculate Your Day Rate
*VMA Group accepts no liability or responsibility for any loss or damage in any way arising from its use.
Our calculation is based on annual salary plus a % uplift (to cover additional benefits, such as holiday or sick pay, and any other additional benefits available to permanent employees) divided by 220 (which is a typical number of days worked taking into account holidays and ‘down time’ between assignments).
