Day Rate Calculator
Convert an annual salary or income target into an equivalent day rate.
Equivalent day rate
£204.55
v1.0 · Reviewed September 2026
How this is worked out
The annual figure is divided by the number of working days in the year.
Worked example
- Annual income target £45,000
- 220 working days
45,000 ÷ 220
£204.55 a day
Assumptions and limits
- 220 days is a common assumption for a full-time year after weekends, holiday and bank holidays, but choose the figure that matches your own plans.
- Does not add anything for unpaid holiday, pension, sick leave or gaps between contracts, so a contractor comparing against a salary usually needs a higher rate than this.