Find out what hourly rate you need to charge to meet your income goals — accounting for holidays, sick days, expenses and taxes.
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Minimum Hourly Rate
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Billable Hours/Year
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Total Revenue Needed
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Rule of thumb: Add a 20–30% buffer on top of your minimum rate to account for non-billable admin time, late payments, and slow months.
FAQs
Multiply your hourly rate by the number of hours in a working day (typically 7.5 or 8 hours). If your hourly rate is £60, your day rate is £450–£480.
In the UK, you must charge VAT if your turnover exceeds £90,000/year. If you are below this threshold, you can still voluntarily register — useful if you work with VAT-registered clients who can reclaim it.