Lesson series

Instant download: Contractor income calculator and comparison tool

This excel spreadsheet was designed to take the guesswork out of understanding and deciding between different private practice contracting models.

With so many opportunities available, it is important to find the right fit for you based on your individual values and needs and this tool will support you to make the right decision for you!

What's included?

This product is a downloadable editable Excel spreadsheet that is yours to keep forever!

Income calculator

The income calculator includes all of the factors that you need to understand and consider when determining the predicted income of any particular offer. It also provides an example as a starting point, as well as space to save and weigh up your options.

Comparison tool

The comparison tool outlines the most important non-financial factors to investigate when deciding which practice is right for you. There is space for comparing your options and adding rows for extra considerations specific to your particular situation.
For many people employment will be the better or preferred option with more stability, less set up costs and a predictable income. It is important to be aware that when you choose contracting this provides little protection during times of sickness or the changing landscape of mental health. 

Understanding what is on offer and what you will earn when offered an employment role is simpler and so not included in this tool.