About OwedRate

OwedRate is a set of free, fast money calculators built for freelancers, contractors, and independent professionals in the US, UK, Canada, Australia, and Ireland. It exists because the three questions every independent worker asks — what should I charge?, what is my rate actually worth per year?, and what can I add to this overdue invoice? — deserve precise answers, not vague blog posts.

Every calculator on this site runs entirely in your browser. We do not ask you to sign up, we do not store what you type, and the answer is on screen before you touch a single input.

Where the numbers come from

Salary benchmarks come from national statistics offices and major salary aggregators; statutory late-payment rules come from official government and legislative sources. Every figure on the site carries a “verified” date and a named source, and the full approach is documented on our methodology page. When a rate changes — for example, when a central bank moves its reference rate — we update the data file and the verified date with it.

What this site is not

OwedRate provides general information and arithmetic, not financial, tax, or legal advice. Statutory interest rules in particular have edge cases (contract terms can override statutory defaults in many jurisdictions), so before you act on a demand letter or a tax decision, confirm the details with a qualified professional in your jurisdiction.

How the site is funded

The site is advertising-supported. Ads are clearly separated from content and never influence the numbers our calculators produce. See the privacy policy for details on advertising partners and cookies.