Contractor Day Rate to Salary
How to compare a contractor day rate with an employee salary in Australia.
Annualise realistic billable days
Do not multiply by every weekday unless you truly expect to bill every one. Allow for leave, sickness, public holidays and gaps.
Employee benefits have value
Paid leave, employer super, workers compensation and stability can make a lower salary more competitive than it first appears.
Tax is only one part
The pay calculator helps estimate income tax, but contractor structure and deductions may require professional advice.
Common questions
What day rate equals a salary?
It depends on billable days, costs, unpaid leave, super and risk buffer.
Should contractors include super?
Contractor arrangements vary. Check the contract and legal position carefully.