2026/27 tax year

£24 an hour is how much a year? Salary and take-home pay

£24 an hour is £46,800 a year on a 37.5 hour week, or £3,900 a month and £900.00 a week before tax. After income tax and National Insurance in 2026/27 that is £37,216 a year, £3,101 a month, which works out at £19.08 for every hour worked.

How much is £24 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	£480.00	£2,080	£24,960	£21,491	£1,791
25 hours	£600.00	£2,600	£31,200	£25,984	£2,165
30 hours	£720.00	£3,120	£37,440	£30,476	£2,540
35 hours	£840.00	£3,640	£43,680	£34,969	£2,914
37.5 hours	£900.00	£3,900	£46,800	£37,216	£3,101
40 hours	£960.00	£4,160	£49,920	£39,462	£3,289
45 hours	£1,080.00	£4,680	£56,160	£43,130	£3,594

Take-home pay breakdown by period for 2026/27
Item	Yearly	Monthly	Weekly	Daily	Hourly
Gross pay	£46,800.00	£3,900.00	£900.00	£180.00	£24.00
Income tax	−£6,846.00	−£570.50	−£131.65	−£26.33	−£3.51
National Insurance	−£2,738.40	−£228.20	−£52.66	−£10.53	−£1.40
Take-home pay	£37,215.60	£3,101.30	£715.68	£143.14	£19.08

Where your gross pay goes

Take-home £37,216(80%)Income tax £6,846(15%)National Insurance £2,738(6%)

Effective tax rate: 20.5%
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 £6,270 a year on top.

Income tax by band
Band	Rate	Taxable	Tax
Basic rate	20%	£34,230	£6,846.00
Total income tax		£34,230	£6,846.00

Add pension, student loan or different hours: Open £24/hour in the calculator

Is £24 an hour a good wage?

This is 1.9 times the £12.71 National Living Wage and above the UK median full-time hourly rate of £19.67. On a 40 hour week the same rate pays £49,920 a year and £3,289 a month after tax, while a 30 hour week gives £37,440 gross.

How much tax do you pay on £24 an hour?

Deductions on the 37.5 hour salary of £46,800 are £6,846 income tax and £2,738 National Insurance, an effective rate of 20.5%. The £12,570 personal allowance covers the first part of the year's pay, and the remaining £34,230 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 £25 rate would be £48,750 a year; £23 would be £44,850.

Frequently asked questions

How much is £24 an hour per year?

£24 an hour is £46,800 a year on 37.5 hours a week, £49,920 on 40 hours and £43,680 on 35 hours, assuming 52 paid weeks. Multiply the rate by weekly hours and then by 52.

How much is £24 an hour per month after tax?

On a 37.5 hour week, £24 an hour gives £3,900 a month before tax and £3,101 after income tax and National Insurance in 2026/27, using the standard tax code.

How much is £24 an hour per week?

£24 an hour is £900.00 a week for 37.5 hours, £960.00 for 40 hours and £480.00 for a 20 hour part-time week, all before tax.

Is £24 an hour above minimum wage?

Yes. £24 is above the National Living Wage of £12.71 an hour for workers aged 21 and over from 2026-04-01.