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Free Charge-Out Rate Calculator

Work out your ideal hourly or daily charge-out rate based on your target income, working hours, and business costs.

This charge-out rate calculator helps electricians set the right hourly and daily rates. Enter your target annual income, expected billable hours, and business costs to calculate the minimum rate you need to charge. Compare your rate against UK averages to ensure you are competitive.

What you want to take home (before personal tax)

Amount in pounds sterling.

Finance, fuel, maintenance, tax, MOT

Amount in pounds sterling.

Public liability, professional indemnity, van insurance

Amount in pounds sterling.

Replacement tools, test equipment calibration

Amount in pounds sterling.

Scheme registration and assessment fees

Amount in pounds sterling.

Personal pension savings

Amount in pounds sterling.

Accountancy, phone, software, marketing

Amount in pounds sterling.

Hours actually spent on chargeable work each day

Unit: hrs.

After holidays and sick days

Unit: wks.

Charge-Out Rate Calculator results

Fill in the details and select Calculate to see your figures.

Win more of the jobs you quote.

Tradehand is the software your trade business runs on, with an assistant that answers every call and message, sends your quotes the same day and chases them until they land. The first £10,000 Tradehand collects for a business carries no Tradehand fee. After that, Tradehand earns 5% of collected invoice payments. No monthly fee, setup fee, card fee or contract.

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How to use the Charge-Out Rate Calculator

  1. 1Enter your target annual income. The amount you want to earn before personal tax.
  2. 2Add your annual business costs: van, insurance, tools, training, and accountancy fees.
  3. 3Set your billable hours per week. Be realistic. Not all your time is chargeable (quoting, travel, admin).
  4. 4Adjust working weeks per year to account for holidays and downtime.
  5. 5Your hourly and daily rates are calculated automatically. Add VAT on top if you are registered.

How the Charge-Out Rate Calculator works

Your charge-out rate has to cover what you want to earn plus every cost of running the business, spread across the hours you can actually bill.

Hourly rate = (target income + annual business costs) ÷ (billable hours/week × working weeks/year)
  1. Target income: £45,000. Annual business costs: £15,000. Total to recover: £60,000.
  2. Billable hours: 30/week × 46 working weeks = 1,380 chargeable hours a year.
  3. £60,000 ÷ 1,380 = ~£43.50/hour, or about £350 for an 8-hour day.
  4. If you are VAT registered, add 20% on top for the customer's price.

Most trades over-estimate billable hours: quoting, travel, and admin eat 25–40% of the week. Lower the billable hours and your true rate rises fast.

Typical UK benchmarks

UK Average Electrician Rate£45-£60/hr, average £50 (Checkatrade Electrician Hourly Rate cost guide, 2026)
London PremiumLondon electricians usually charge £50-£60/hr against the £45-£60 national range (Checkatrade Electrician Hourly Rate cost guide, 2026)

Disclaimer

This tool gives an estimate for general guidance only, based on typical UK figures and the details you enter. It is not a formal quote, survey, or professional advice. Always confirm with a qualified tradesperson before relying on any figure, as regional prices, site conditions, and current standards vary.

You do the job, Tradehand handles everything around it.

Your assistant sends the quotes, chases the invoices, books the work and keeps your customers updated. The first £10,000 Tradehand collects for a business carries no Tradehand fee. After that, Tradehand earns 5% of collected invoice payments. No monthly fee, setup fee, card fee or contract. One office hire costs about £25,000 a year, whether the invoices land or not.

Source: Office manager salary, National Careers Service

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Frequently asked questions