£600 day rate vs salary
A £600 freelance day rate can produce very different annual revenue depending on how many days you actually bill. Here is what it looks like across several realistic working-year scenarios.
How much can £600 a day earn?
These figures are gross freelance revenue before business expenses, tax, pension contributions and other costs.
Is £600 a day the same as a salary?
At 200 billable days per year, £600 per day produces £120,000 of gross freelance revenue.
That does not mean it is directly equivalent to a £120,000 salary. An employee may receive paid holiday, employer pension contributions, sick pay and other benefits, while a freelancer may need to fund these from their own revenue.
Costs a freelance day rate needs to cover
Time off
Holidays and sickness normally reduce the number of days available to invoice.
Non-billable work
Administration, sales, meetings and invoicing can consume working time without generating revenue.
Business expenses
Software, insurance, equipment and accountancy costs may need to come from freelance revenue.
Pension
Freelancers may need to replace employer pension contributions themselves.
Compare other freelance day rates
Work out your own break-even rate
Enter your salary, pension and realistic billable hours to estimate the freelance rate needed to replace your employment package.