Contracting rate calculator

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money tools

Calculate a contractor rate from a full-time (5 days a week) salary.

This makes a few assumptions and you should note the following:

  1. This is for the state of Victoria, Australia (11 public holidays a year).
  2. It assumes no additional training, conferences etc.
  3. It does not factor in taxes you may be required to charge such as GST.

Whether you will be able to get this rate is another thing but this should help with the calculations a little.






Total work days = = ((52 * 5) - sick days - leave - holidays
Total work hours = = work days * work hours




Salary package = = salary + super

Hourly rate = = salary package / work hour