£15 an Hour is How Much a Year? (UK 2026/27)
£15 an hour is £29,250 a year before tax on a 37.5-hour week, which is £24,580 after tax (£2,048 a month).
| Period | Before tax | After tax |
|---|---|---|
| Per hour | £15.00 | £12.60 |
| Per day (7.5 hours) | £112.50 | £94.54 |
| Per week | £562.50 | £472.68 |
| Per month | £2,438 | £2,048 |
| Per year | £29,250 | £24,580 |
Change the hours or see take-home pay
£15 an hour at different working hours
| Hours a week | Weekly | Monthly | Yearly | Yearly after tax |
|---|---|---|---|---|
| 16 hours | £240.00 | £1,040 | £12,480 | £12,480 |
| 20 hours | £300.00 | £1,300 | £15,600 | £14,752 |
| 25 hours | £375.00 | £1,625 | £19,500 | £17,560 |
| 30 hours | £450.00 | £1,950 | £23,400 | £20,368 |
| 37.5 hours | £562.50 | £2,438 | £29,250 | £24,580 |
| 40 hours | £600.00 | £2,600 | £31,200 | £25,984 |
Tax on £29,250 a year
On £15 an hour for 37.5 hours a week you pay £3,336 income tax and £1,334 National Insurance a year, which is 16% of your gross pay. In Scotland you would take home £24,619 a year (£2,052 a month).
At 40 hours a week it is £31,200 a year, or £25,984 after tax. These figures assume the standard tax code, 52 paid weeks (including paid holiday) and no pension or student loan.
Nearby hourly rates
| Hourly rate | Yearly (37.5 hrs) | After tax | Monthly after tax |
|---|---|---|---|
| £13 | £25,350 | £21,772 | £1,814 |
| £14 | £27,300 | £23,176 | £1,931 |
| £16 | £31,200 | £25,984 | £2,165 |
| £17 | £33,150 | £27,388 | £2,282 |
Related
Source: GOV.UK income tax rates. Use our take-home pay calculator for your own situation.
Frequently asked questions
How much is £15 an hour per year?
On a 37.5-hour week, £15 an hour is £29,250 a year before tax. On a 40-hour week it is £31,200 a year.
How much is £15 an hour per month?
About £2,438 a month before tax on 37.5 hours a week, or £2,048 a month after tax and National Insurance in 2026/27.
How much is £15 an hour per week?
£562.50 a week before tax on 37.5 hours, or £600.00 a week on 40 hours.
Is £15 an hour above minimum wage?
The National Living Wage is £12.71 an hour from April 2026 (age 21 and over), so £15 is £2.29 above the minimum wage. See our minimum wage checker.
Figures are for the 2026/27 tax year from official sources and are estimates for guidance only, not financial or legal advice. Printed from ukanswers.co.uk.