Hello,
For a new job I might change from employee status to independent and I’m trying to compare the salaries.
I’m looking for a calculator to convert ~ daily rate into a monthly salary.
I only found this website: https://www.accountable.eu/resources/freelancing-vs-salary-revenue-simulator/
Does it seem correct to you? (Is net better for comparison?)
Would you have another to recommend?
5 comments
It is very difficult to compare and depends largely on your personal situation and past and future choices.
Post some numbers and it will be easier.
Imho as a consultant:
4500 eur gross with benefits as employee compares to 550 eur/day as independant.
But give or take 30% depending on choices and risks taken….
Go talk to an accountant, preferably one that has experience with small businesses/freelancers in your field of expertise.
Private Insurance for invalidity and getting sick.
13th month, paid sick leave, amount of homidays.
Meal vouchers, company phone, …
Possibility for educational leave, parental leave
Car
…
How much time is guaranteed, how much time on filling your commercial agenda, how much time you spend on doing your paperwork, finances..
What at end of contract versus unemployment/getting paid out.
It gets quite complicated if you want to do a full comparison.
You should have a look at /r/befreelance
Xerius has an online calculator: https://www.xerius.be/bnc/app/fr/revenu-net/entreprise-personne-physique
Use that to try different options. A rule of thumb is to at least double your yearly gross income: you have to cover for holidays, sick days (long-term sickness can be insured with an insurance company), administration, all the fees.