{
  "$schema": "https://json-schema.org/draft/2020-12/schema",
  "$id": "https://askcalculators.com/uk/freelance-rate/schema.json",
  "title": "Freelance Rate Calculator — United Kingdom inputs",
  "description": "Turn an explicit personal-income target into a billable rate while making nonbillable work and unpaid invoices visible. GBP planning view; stated limitations apply.",
  "type": "object",
  "properties": {
    "desiredNet": {
      "title": "Desired annual income after the entered effective tax assumption",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 50000,
      "minimum": 0,
      "maximum": 1000000000000,
      "x-step": 0.01,
      "x-prefix": "GBP",
      "x-unit": "currency"
    },
    "effectiveTax": {
      "title": "Effective tax assumption on owner income",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 25,
      "minimum": 0,
      "maximum": 95,
      "x-step": 0.1,
      "x-unit": "percent"
    },
    "overhead": {
      "title": "Annual deductible business overhead assumption",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 10000,
      "minimum": 0,
      "maximum": 1000000000000,
      "x-step": 0.01,
      "x-prefix": "GBP",
      "x-unit": "currency"
    },
    "reserve": {
      "title": "Additional annual pretax reserve target",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 5000,
      "minimum": 0,
      "maximum": 1000000000000,
      "x-step": 0.01,
      "x-prefix": "GBP",
      "x-unit": "currency"
    },
    "weeks": {
      "title": "Working weeks per year",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 46,
      "minimum": 1,
      "maximum": 53,
      "x-step": 1,
      "multipleOf": 1
    },
    "hours": {
      "title": "Working hours per week",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 40,
      "minimum": 0.01,
      "maximum": 100,
      "x-step": 0.01
    },
    "billablePercent": {
      "title": "Share of working hours that can be billed",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 60,
      "minimum": 0,
      "maximum": 100,
      "x-step": 0.1,
      "x-unit": "percent"
    },
    "collectionPercent": {
      "title": "Share of invoices expected to be collected",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 98,
      "minimum": 0,
      "maximum": 100,
      "x-step": 0.1,
      "x-unit": "percent"
    }
  },
  "required": [
    "desiredNet",
    "effectiveTax",
    "overhead",
    "reserve",
    "weeks",
    "hours",
    "billablePercent",
    "collectionPercent"
  ],
  "additionalProperties": false,
  "x-askcalculators": {
    "version": "20.16.0",
    "calculatorUrl": "https://askcalculators.com/uk/freelance-rate/",
    "queryExample": "https://askcalculators.com/uk/freelance-rate/?desiredNet=50000&effectiveTax=25&overhead=10000&reserve=5000&weeks=46&hours=40&billablePercent=60&collectionPercent=98",
    "migrationStatus": "new",
    "reviewStatus": "pending",
    "pageStatus": "live",
    "workStatus": "pending",
    "formula": {
      "expression": "hourly rate = (desired net/(1 − tax assumption) + overhead + pretax reserve) ÷ (working weeks × hours × billable share × collection share).",
      "note": "Inputs are converted to canonical units before evaluating this stated formula."
    },
    "quality": {
      "availability": "live",
      "technicalReviewRecord": "/reviews/v20-uk-freelance-rate.json",
      "qualifiedReview": "pending",
      "qualifiedReviewer": null,
      "qualifiedReviewDate": null,
      "formulaVersion": "20.16.0",
      "referenceCoverage": "references-listed",
      "releaseTestScope": "Catalog and regression checks are not a professional formula audit; consult release evidence.",
      "historicalMetadataDate": "",
      "historicalMetadataNotice": "The imported date is not evidence of a completed human review."
    },
    "outputs": {
      "requiredRevenue": {
        "title": "Target billed-and-collected revenue",
        "type": "number",
        "x-format": "currency",
        "x-currency": "GBP",
        "x-digits": 2
      },
      "billableHours": {
        "title": "Annual billable hours",
        "type": "number",
        "x-format": "number",
        "x-digits": 2
      },
      "hourlyRate": {
        "title": "Required invoiced hourly rate",
        "type": "number",
        "x-format": "currency",
        "x-currency": "GBP",
        "x-digits": 2,
        "x-primary": true
      },
      "dayRate": {
        "title": "Equivalent eight-hour billable day",
        "type": "number",
        "x-format": "currency",
        "x-currency": "GBP",
        "x-digits": 2
      }
    }
  }
}