2026/27 tax year

£15 an hour is how much a year? Salary and take-home pay

£15 an hour is £29,250 a year on a 37.5 hour week, or £2,438 a month and £562.50 a week before tax. After income tax and National Insurance in 2026/27 that is £24,580 a year, £2,048 a month, which works out at £12.60 for every hour worked.

How much is £15 an hour at different weekly hours?

Hours a week	Per week	Per month	Per year	Take-home per year	Take-home per month
20 hours	£300.00	£1,300	£15,600	£14,752	£1,229
25 hours	£375.00	£1,625	£19,500	£17,560	£1,463
30 hours	£450.00	£1,950	£23,400	£20,368	£1,697
35 hours	£525.00	£2,275	£27,300	£23,176	£1,931
37.5 hours	£562.50	£2,438	£29,250	£24,580	£2,048
40 hours	£600.00	£2,600	£31,200	£25,984	£2,165
45 hours	£675.00	£2,925	£35,100	£28,792	£2,399

Take-home pay breakdown by period for 2026/27
Item	Yearly	Monthly	Weekly	Daily	Hourly
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
Take-home pay	£24,579.60	£2,048.30	£472.68	£94.54	£12.60

Where your gross pay goes

Take-home £24,580(84%)Income tax £3,336(11%)National Insurance £1,334(5%)

Effective tax rate: 16%
Marginal rate: 28%
Personal allowance: £12,570
Tax code: 1257L

Effective rate is income tax, NI and loan repayments as a share of gross pay. Marginal rate is what you lose from the next £1 earned. Employer NI on this salary is £3,638 a year on top.

Income tax by band
Band	Rate	Taxable	Tax
Basic rate	20%	£16,680	£3,336.00
Total income tax		£16,680	£3,336.00

Add pension, student loan or different hours: Open £15/hour in the calculator

Is £15 an hour a good wage?

This is 1.2 times the £12.71 National Living Wage and below the UK median full-time hourly rate of £19.67. On a 40 hour week the same rate pays £31,200 a year and £2,165 a month after tax, while a 30 hour week gives £23,400 gross.

How much tax do you pay on £15 an hour?

Deductions on the 37.5 hour salary of £29,250 are £3,336 income tax and £1,334 National Insurance, an effective rate of 16%. The £12,570 personal allowance covers the first part of the year's pay, and the remaining £16,680 is taxed at 20%.

What difference does £1 an hour make?

Every extra pound an hour on a 37.5 hour week adds £1,950 a year to gross pay and about £1,404 to take-home at this level. A £16 rate would be £31,200 a year; £14 would be £27,300.

Frequently asked questions

How much is £15 an hour per year?

£15 an hour is £29,250 a year on 37.5 hours a week, £31,200 on 40 hours and £27,300 on 35 hours, assuming 52 paid weeks. Multiply the rate by weekly hours and then by 52.

How much is £15 an hour per month after tax?

On a 37.5 hour week, £15 an hour gives £2,438 a month before tax and £2,048 after income tax and National Insurance in 2026/27, using the standard tax code.

How much is £15 an hour per week?

£15 an hour is £562.50 a week for 37.5 hours, £600.00 for 40 hours and £300.00 for a 20 hour part-time week, all before tax.

Is £15 an hour above minimum wage?

Yes. £15 is above the National Living Wage of £12.71 an hour for workers aged 21 and over from 2026-04-01.