Want to know how much you’ll take home from a job? Try our light entrepreneur calculator.

The UKKO Light Entrepreneur calculator is a handy tool that helps you work out how much you need to invoice in order to receive the amount you want in your account. The calculator also works the other way around — if you’ve already agreed on a price for a job, you can see how much you’ll actually receive after payroll processing.

In the income calculator, you can choose between standard invoicing or hourly pricing — it’s a great tool for estimating your income and figuring out what to charge for your work. So give our calculator a try before you start selling your skills!

If you’ve already noticed that the invoiced amount isn’t the same as what ends up in your account, you’re already one step ahead! The light entrepreneur calculator clearly shows all the payments and deductions that we process and remit to the relevant parties on your behalf.

A service fee of 5% of the invoiced amount is charged at the time of payment. You can find out more about what’s included in the service fee in the UKKO Light Entrepreneur pricing.

As you’ll notice, your take-home amount is also affected by other payments and deductions — such as UKKO Assurance and health insurance contributions on your gross earnings, as well as withholding tax based on your personal tax rate.

With the income calculator, you can run any invoicing example yourself and enter your own tax rate, which you’ll find on your tax card. Please note that if we haven’t received your tax information in time before payroll processing, we will be required to apply a 60% withholding tax rate. We typically receive tax information automatically from the Tax Administration, but in some cases you may need to submit your tax card yourself.

Submitting your tax card is quick and easy once you’ve logged in to the service.

In the calculator, you can select which VAT rate applies to your invoicing. The standard VAT rate is 25.5%, but exceptions apply. You can also indicate whether you are subject to YEL obligations or not. Read more about light entrepreneurship and YEL. You can also add expenses related to the invoiced work, such as travel and expense reimbursements.

Other costs that you don’t invoice your client for may be deductible in your personal taxation. Read more about tax deductions for light entrepreneurs.

The light entrepreneur calculator for both hourly and fixed-price work

A light entrepreneur can price their work on either an hourly or a fixed-price basis. Our income calculator is an invaluable tool for estimating and planning your earnings, regardless of which pricing model you use.

Hourly pricing

Hourly pricing is usually the first approach that comes to mind for light entrepreneurs, and it’s widely used — income is often planned on an hourly basis. The key question becomes: how many hours can I sell per month, and what rate do I need to charge to support myself?

Hourly pricing does have one significant drawback: it can be harder for clients to buy into. Another issue is that an hourly rate can sound high to a client who doesn’t account for all the additional costs that a (light) entrepreneur has to pay from their earnings.

Fixed-price work

As mentioned, a fixed-price service is generally easier for a client to purchase. The client knows exactly what they’re paying for a defined outcome. The downside of fixed-price work is the effort it requires from the person doing it — it demands more knowledge and skill, since you need to estimate the time involved as accurately as possible. It’s also worth building in a buffer for the unexpected. Read our 7+1 tips for pricing your own work, or download the Light Entrepreneur Pricing Guide! Want to know what others charge? The entrepreneur salary calculator shows average hourly rates across different industries.