What day rate do you need with passive income?

Your target

Currency

Take-home you want each year

Tax and national insuranceRough effective rate on work income

Business costs each yearSoftware, insurance, accountant

Your passive income

Monthly take-home from passive sourcesRent, dividends, royalties, product sales

Your working year

Working days a week

Weeks off a yearHoliday, sickness, bank holidays

Days you can billThe rest goes on admin and finding work

Hours in a working day

Check a rate you have in mind

Day rate to test

Estimated day rate to charge

–

–billable days a year

–revenue to invoice a year

–off your day rate thanks to passive income

–passive income a month for a zero day rate

Day rate needed as monthly passive income rises. The marker is where you are now.

Passive income is treated as take-home money, so it isn’t taxed again here. Tax is applied only to the work income you need on top. This is a planning estimate, not tax advice.