Freelance Day Rate to Salary Converter
Turn your day rate into an equivalent annual salary, or work out what day rate you need to hit a target income. Compare UK IR35 take-home or US self-employment tax side by side. Nothing uploaded.
Direction
Your numbers
Tax region
Inside vs outside IR35
Inside IR35
Employer NI:
Income tax:
Employee NI:
Outside IR35 (Ltd Co)
Salary:
Corporation tax:
Dividend tax:
Outside IR35 assumes a £12,570 director's salary and the rest paid as dividends after corporation tax - the standard small-Ltd-company structure.
Self-employed vs W-2 equivalent
Self-employed
Self-employment tax:
Federal income tax:
W-2 equivalent
FICA (employee share):
Federal income tax:
W-2 equivalent compares the same gross pay as a salaried employee, who only pays half of FICA - the other half is paid separately by the employer.