§ Calculator · Day rate ↔ salary
Enter a contractor day rate or a permanent salary — the calculator converts between the two and shows net take-home for both, based on 2026/27 income tax and NI rates.
§ Equivalence · Day rate ↔ Annual salary
230 days/year · Tax year 2026 / 27
Your contract
£500/day
Equivalent perm salary
£115,000/yr
A £500 day rate (5 days × 46 weeks = £115,000 gross) is equivalent to a £115,000 permanent salary in gross terms, with a net take-home of £74,257.
Note: both columns use the permanent employee tax model (income tax + employee NI, no Ltd company or umbrella costs). Use the 3-way calculator to compare contractor vs. permanent scenarios with company-level costs.