£15 an Hour Is How Much a Year? UK Salary After Tax 2026/27
£15 an hour is £29,250.00 a year before tax on a 37.5-hour week. After income tax and National Insurance you take home £24,579.60 a year, which is £2,048.30 a month or £472.68 a week.
Change the hours, tax code, pension or student loan to match your job, or try another rate in the hourly rate calculator.
Take-home pay
£24,579.60a year
£2,048.30a month
Enter your salary to see your take-home pay.
- Effective rate
- 16%
- Marginal rate
- 28%
Based on HMRC rates for the 2026/27 tax year.
£15 an hour pay breakdown
| Item | Year | Month | Week | Day | Hour |
|---|---|---|---|---|---|
| Gross pay | £29,250.00 | £2,437.50 | £562.50 | £112.50 | £15.00 |
| Income tax | £3,336.00 | £278.00 | £64.15 | £12.83 | £1.71 |
| National Insurance | £1,334.40 | £111.20 | £25.66 | £5.13 | £0.68 |
| Student loan | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Postgraduate loan | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Pension | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Take-home pay | £24,579.60 | £2,048.30 | £472.68 | £94.54 | £12.60 |
Income tax by band
| Band | Rate | Income | Tax |
|---|---|---|---|
| Personal Allowance | 0% | £12,570.00 | £0.00 |
| Basic rate | 20% | £16,680.00 | £3,336.00 |
| Income tax a year | £3,336.00 | ||
Cost to your employer
- Employer National Insurance
- £3,637.50
- Total cost to employer
- £32,887.50
Yearly figures
£15 an hour a year by hours worked
Working fewer hours scales the yearly figure in proportion, the same way a pro rata salary does, and tax is then worked out on the lower pay.
| Hours a week | Pay a year | Take-home a year | Take-home a month |
|---|---|---|---|
| 16 hours | £12,480.00 | £12,480.00 | £1,040.00 |
| 20 hours | £15,600.00 | £14,751.60 | £1,229.30 |
| 25 hours | £19,500.00 | £17,559.60 | £1,463.30 |
| 30 hours | £23,400.00 | £20,367.60 | £1,697.30 |
| 35 hours | £27,300.00 | £23,175.60 | £1,931.30 |
| 37.5 hours | £29,250.00 | £24,579.60 | £2,048.30 |
| 40 hours | £31,200.00 | £25,983.60 | £2,165.30 |
How £15 an hour compares
£15 an hour is £2.29 above the National Living Wage of £12.71 for workers aged 21 and over.
The yearly pay of £29,250.00 sits close to a £29,000 salary.
| Hourly rate | Pay a year at 37.5 hours | Take-home a year | Take-home a month |
|---|---|---|---|
| £13 an hour | £25,350.00 | £21,771.60 | £1,814.30 |
| £13.50 an hour | £26,325.00 | £22,473.60 | £1,872.80 |
| £14 an hour | £27,300.00 | £23,175.60 | £1,931.30 |
| £16 an hour | £31,200.00 | £25,983.60 | £2,165.30 |
| £18 an hour | £35,100.00 | £28,791.60 | £2,399.30 |
| £20 an hour | £39,000.00 | £31,599.60 | £2,633.30 |
Questions about £15 an hour
How much is £15 an hour a year?
£15 an hour is £29,250.00 a year before tax on a 37.5-hour week, and £31,200.00 on a 40-hour week.
How much is £15 an hour after tax a month?
On a 37.5-hour week, £15 an hour takes home £2,048.30 a month after tax and National Insurance, on the 1257L tax code with no pension or student loan.
How much is £15 an hour a week after tax?
£15 an hour for 37.5 hours is £562.50 a week before tax and £472.68 after tax.
How much is £15 an hour for 40 hours a week after tax?
40 hours a week at £15 an hour is £31,200.00 a year before tax and £25,983.60 after tax, or £2,165.30 a month.