Hourly Rate to Take-Home Pay Calculator
Enter what you earn an hour and see the annual, monthly and weekly figures — before and after tax.
Take-home pay
£24,580 a year
| Gross | Take-home | |
|---|---|---|
| Per year | £29,250 | £24,580 |
| Per month | £2,438 | £2,048 |
| Per week | £562.50 | £472.68 |
| Per day | £112.50 | £94.54 |
| Per hour | £15.00 | £12.60 |
- Take-home per month
- £2,048
- Take-home per week
- £473
- Effective tax rate
- 16.0%
- Marginal rate
- 28%
How an hourly rate becomes an annual salary
The arithmetic is simple: hourly rate × hours per week × weeks per year. What trips people up is the weeks figure. A year is 52.14 weeks, so payroll systems sometimes use 52.14 rather than 52; over a year on £15 an hour that is a difference of about £79. If you are paid for holiday, use 52. If you only get paid for weeks actually worked, subtract your unpaid leave.
Hourly rates and the minimum wage
The National Living Wage applies to workers aged 21 and over, with lower rates for younger workers and apprentices. Check the current rates on gov.uk — they change every April.
Overtime and the marginal rate
An extra hour is not worth your hourly rate in the hand — it is worth your rate less your marginal tax rate. If you are a basic-rate taxpayer with a student loan, 37% of each overtime pound goes before you see it. The calculator shows your marginal rate so you can judge whether the extra shift is worth it.
Common questions
How many working hours are in a year?
A standard full-time year at 37.5 hours a week over 52 weeks is 1,950 hours. At 40 hours a week it is 2,080 hours. Deduct bank holidays and annual leave if you want hours actually worked rather than hours paid.
Should I use 52 or 52.14 weeks?
Use 52 if you are salaried and paid for holiday — it is the convention most employers and calculators use. Use 52.14 if you want the technically exact number of weeks in a year, which some payroll systems apply to weekly-paid staff.
Is £15 an hour a good wage in the UK?
£15 an hour on a 37.5-hour week is £29,250 a year, which is a little below the UK median full-time salary. After tax and National Insurance it leaves about £2,048 a month.