Contracting rate calculator

Updated Tagged money tools

Calculate a contractor rate from a full-time or part-time 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 * 'days per week') - sick days - leave - holidays
Total work hours = = work days * work hours

Salary package = = salary + super

Hourly rate = = salary package / work hour

Daily rate = = salary package / work days