Minimum Wage Annual Salary 2026/27: £12.71 an Hour After Tax
The National Living Wage is £12.71 an hour from 1 April 2026 for workers aged 21 and over. That is £24,784.50 a year before tax on a 37.5-hour week, or £26,436.80 on 40 hours.
After income tax and National Insurance, 37.5 hours a week takes home £21,364.44 a year (£1,780.37 a month), and 40 hours takes home £22,554.10 (£1,879.51 a month).
Change the hours, tax code or pension to match your job, or try another rate in the hourly rate calculator.
Take-home pay
£21,364.44a year
£1,780.37a month
Enter your salary to see your take-home pay.
- Effective rate
- 13.8%
- Marginal rate
- 28%
Based on HMRC rates for the 2026/27 tax year.
£12.71 an hour pay breakdown
| Item | Year | Month | Week | Day | Hour |
|---|---|---|---|---|---|
| Gross pay | £24,784.50 | £2,065.38 | £476.63 | £95.33 | £12.71 |
| Income tax | £2,442.90 | £203.58 | £46.98 | £9.40 | £1.25 |
| National Insurance | £977.16 | £81.43 | £18.79 | £3.76 | £0.50 |
| 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 | £21,364.44 | £1,780.37 | £410.85 | £82.17 | £10.96 |
Income tax by band
| Band | Rate | Income | Tax |
|---|---|---|---|
| Personal Allowance | 0% | £12,570.00 | £0.00 |
| Basic rate | 20% | £12,214.50 | £2,442.90 |
| Income tax a year | £2,442.90 | ||
Cost to your employer
- Employer National Insurance
- £2,967.68
- Total cost to employer
- £27,752.18
Yearly figures
Minimum wage salary by hours worked
Part-time hours scale 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 | £10,574.72 | £10,574.72 | £881.23 |
| 20 hours | £13,218.40 | £13,036.85 | £1,086.40 |
| 25 hours | £16,523.00 | £15,416.16 | £1,284.68 |
| 30 hours | £19,827.60 | £17,795.47 | £1,482.96 |
| 35 hours | £23,132.20 | £20,174.78 | £1,681.23 |
| 37.5 hours | £24,784.50 | £21,364.44 | £1,780.37 |
| 40 hours | £26,436.80 | £22,554.10 | £1,879.51 |
Minimum wage rates by age from 1 April 2026
| Age | Hourly rate |
|---|---|
| 21 and over (National Living Wage) | £12.71 |
| 18 to 20 | £10.85 |
| Under 18 | £8.00 |
| Apprentice | £8.00 |
Source: National Minimum Wage and National Living Wage rates
Salaries and hourly rates near the minimum wage
On the National Living Wage, a 37.5-hour week comes closest to a £25,000 salary and a 40-hour week to a £26,000 salary.
The next hourly rates up are £13 an hour and £13.50 an hour.
Questions about the minimum wage salary
What is the minimum wage annual salary in 2026/27?
At the National Living Wage of £12.71 an hour, a 37.5-hour week pays £24,784.50 a year before tax and a 40-hour week pays £26,436.80.
How much is minimum wage a month after tax?
On a 37.5-hour week you take home £1,780.37 a month after tax and National Insurance, and on 40 hours £1,879.51 a month, on the 1257L tax code with no pension or student loan.
How much is 40 hours a week on minimum wage?
40 hours a week at £12.71 an hour is £508.40 a week and £26,436.80 a year before tax, or £22,554.10 a year after tax.
What is the minimum wage for 18 to 20 year olds?
From 1 April 2026 the minimum wage is £10.85 an hour for workers aged 18 to 20, and £8.00 for under-18s and apprentices.