Assumptions DEFAULTS
UK industry-standard configuration — override anything in Advanced Settings.
- Default hours / day 8
- Default days / week 5
- Default weeks / year 46
- Personal Allowance £12,570
- NI primary threshold £12,570
- Higher rate from £50,270
UK hourly · contractor · PAYE FY 2026/27 LIVE
Hourly & Contractor Rate → Net.
Type an hourly or daily rate — add overtime at 1.5× or 2× if you're an hourly employee — and instantly see annual gross, Income Tax, Class 1 NI and your net take-home across four periods. Calibrated to the HMRC 2026/27 ruleset.
- Hours / day
- 8
- Days / week
- 5
- Weeks / year
- 46
HR
Hourly & Contractor Rate Calculator
2026/27 · OvertimeConvert an hourly or daily rate — with optional overtime at 1.5× and 2× — into an annual gross salary, then run it through the HMRC 2026/27 ruleset for tax, NI and net take-home.
Live · client-side
Tax jurisdiction
01Rate input
Daily RateGross · per day
£/ day
≡ £115,000 per yearGross annual
02Earnings matrix
5d · 46wk yrFinal · Net of all deductions
Estimated Net Take-Home
£74,257
Retention64.57%
£6,188.12 / mo · £1,428.03 / wk · £322.86 / day
Gross-to-Net · £115,000 per annum230 working days
| Line | Annual Per year | Monthly ÷ 12 | Weekly ÷ 52 | Daily Working day |
|---|---|---|---|---|
Gross PayBefore deductions | £115,000 | £9,583.33 | £2,211.54 | £500.00 |
Income TaxPAYE · 2026/27 | −£36,432 | −£3,036.00 | −£700.62 | −£158.40 |
National InsuranceClass 1 employee | −£4,311 | −£359.22 | −£82.90 | −£18.74 |
Net Take-HomeFinal · in pocket | £74,257 | £6,188.12 | £1,428.03 | £322.86 |
Next step · PAYE deep-dive
Analyse complete PAYE deductions framework for this salary
Open the Salary Calculator pre-loaded with £115,000 to see income-tax bands, student loan plans, marriage allowance and the full 60% taper trap.
FAQ 4 ANSWERS
-
Why 46 working weeks per year?
UK contractors typically deduct bank holidays, statutory illness allowance and around four weeks of unpaid leave from the 52-week year. 46 is a conservative middle-ground that most umbrella and direct contracts assume.
-
How is overtime applied?
Overtime is paid at your base hourly rate × multiplier (1.5× or 2×) for the weekly hours you enter, across the working weeks above. Overtime is hourly-only — daily-rate contracts ignore the overtime fields.
-
Does this account for IR35 / inside-vs-outside?
No — this calculator models PAYE on the converted gross as if you were a standard UK employee. For inside-IR35 deemed-payment modelling or limited-company dividend planning, use the Salary Calculator with custom inputs.
-
Are these figures penny-accurate?
Yes. All monetary arithmetic uses integer pence against the locked HMRC 2026/27 bands — Personal Allowance, basic-rate band width, NI primary and upper earnings limits.