1. What is this Calculator?

This calculator determines annual salary based on a daily rate of £130 and the number of working days per year. It's useful for contractors, freelancers, and temporary workers in the UK who want to estimate their annual earnings.

2. How Does the Calculation Work?

The calculation uses this simple formula:

Where:

• 130 — Daily rate in GBP (£)
• Working Days per Year — Typically 220-260 days in the UK

Explanation: The calculation multiplies the fixed daily rate by the number of days worked in a year to determine total annual earnings.

3. Importance of the Calculation

Details: Understanding annual earnings helps with financial planning, comparing job offers, and budgeting. For those paid daily, this conversion to annual salary allows better comparison with salaried positions.

4. Using the Calculator

Tips: Enter the number of working days you expect to work in a year. Standard full-time is typically 260 days (52 weeks × 5 days), minus holidays.

5. Frequently Asked Questions (FAQ)

Q1: What's included in working days?
A: Working days typically exclude weekends, public holidays, and any planned vacation days.

Q2: Is £130/day a standard rate?
A: Rates vary by industry and experience. £130/day is a sample rate - adjust as needed for your specific situation.

Q3: How does this compare to salaried positions?
A: Remember this doesn't include benefits like pension contributions, paid leave, or sick pay that salaried positions often include.

Q4: What about taxes?
A: This shows gross income before tax deductions. Actual take-home pay will be lower after income tax and National Insurance.

Q5: How accurate is this for part-time work?
A: The calculation works for any number of working days, whether full-time or part-time.