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Director & self-employed

Day-Rate Simulator

Turn a day rate and the number of days you work into annual company income — then feed it straight into salary, dividend, pension and expense assumptions for the rest of ODOpt.

Free to use · No sign-up · Runs in your browser

ODOpt Day-Rate Simulator turning a day rate into annual income

From day rate to a full-year picture

Contractors and consultants think in day rates, but tax planning needs an annual figure. The Day-Rate Simulator converts your rate and working pattern into projected annual company income, allowing for leave.

From there you can set salary, dividends, pension contributions and company expenses, giving you a realistic starting point for the Optimiser and Explorer.

Day rate to annual

Convert your day rate and working days into projected annual income.

Leave allowance

Account for time off so your projection is realistic.

Expenses & pension

Include company expenses and pension contributions.

Feeds other tools

Use the result as the basis for the Optimiser and Explorer.

How it works

  1. Enter your day rateYour rate and the number of days you expect to work.
  2. Add leave and expensesSet your time off, company expenses and pension.
  3. Get your annual figureSee projected annual income ready for deeper planning.

Frequently asked questions

How does the simulator estimate annual income?

It multiplies your day rate by the working days you enter, adjusting for leave, to project annual company income.

Can I use the result in the other tools?

Yes — it's designed to give you realistic salary, dividend and expense assumptions to carry into the Optimiser and Explorer.

Is it free?

Yes — every ODOpt tool is free to use with no sign-up. You can go ad-free with an optional subscription.

Related tools

Turn your day rate into a plan

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