Your salary before tax
£29,250a year
A month
£2,437.50
A week
£562.50
After tax and National Insurance: £24,579.60 a year, £2,048.30 a month, £12.60 an hour.
Common hourly rates
| Per hour | A year | A month | Take-home a month |
|---|---|---|---|
| £12.00 | £23,400 | £1,950.00 | £1,697.30 |
| £15.00 | £29,250 | £2,437.50 | £2,048.30 |
| £18.00 | £35,100 | £2,925.00 | £2,399.30 |
| £20.00 | £39,000 | £3,250.00 | £2,633.30 |
| £25.00 | £48,750 | £4,062.50 | £3,218.30 |
| £30.00 | £58,500 | £4,875.00 | £3,707.28 |
37.5 hours a week, 52 weeks, England, Wales and Northern Ireland, tax code 1257L.
Quick answers
How much is £15 an hour a year?
£29,250 for 37.5 hours a week over 52 weeks. After tax and National Insurance that is £24,579.60 a year, or £2,048.30 a month.
How do I turn a salary into an hourly rate?
Divide the yearly salary by the hours you are paid in a year. £40,000 ÷ (37.5 × 52) = £20.51 an hour.
Should I count paid holiday?
If your holiday is paid, keep 52 weeks: you are paid for the whole year. Use fewer weeks only for the weeks you are not paid.
Tax and National Insurance: GOV.UK and HMRC rates for 2026/27. Checked 31 Oct 2026.