Why fewer billable hours than worked?

Admin, sales, holidays and downtime mean only part of your week is billable — build that in or you'll undercharge.

No — it's a free illustration. Your actual Creditcorp offer depends on an assessment of your company.

Hourly / day rate calculator — Calculators

How to use it

Enter your figures above — the result updates instantly and nothing leaves your browser. Results are illustrative, not a quote or credit decision.

How to interpret the result

The rate this calculator produces is a floor, not a target price. It tells you the minimum you'd need to charge, on average, across every billable hour to reach your income goal — it isn't what you should quote on every single job. Many limited companies charge more for rushed or specialist work and less for straightforward repeat business, so the calculator's figure works best as a baseline you build a rate card around, rather than a number you paste into every invoice.

It's also worth treating the output as pre-tax and pre-overhead unless you've already netted those off your target income figure. Corporation tax, software subscriptions, insurance, accountancy fees and any office or equipment costs all need to come out of revenue before what's left counts as your actual take-home — so the honest version of this exercise usually starts with a higher 'target income' than your personal salary goal, once those costs are folded in.

Limitations and good practice

The calculator assumes billable hours and working weeks stay constant across the year, which rarely holds in practice — most limited companies see quieter and busier periods, and a rate set against an average week can leave you short in a slow quarter. It's sensible to revisit the inputs periodically rather than setting a rate once and leaving it untouched, particularly as client mix, admin burden or holiday patterns change.

The figure also says nothing about what the market will actually bear. A rate that clears your target income on paper may still be uncompetitive against similar firms, or conversely may be well below what comparable work commands — so it's worth cross-checking the output against what peers in your sector typically charge before adopting it. For a wider view of how pricing interacts with cash flow across a trading year, see the Learn hub, and for sector-specific context try Sectors.