How do I convert an hourly rate to an annual salary?

Multiply the hourly rate by the hours worked in a week and by the paid weeks in a year. £12.71 an hour for 37.5 hours over 52 weeks is £24,784.50 a year, and £21,364.54 after income tax and National Insurance in 2026/27.

How many working hours are there in a year?

It depends on the contract. 37.5 hours a week over 52 paid weeks is 1,950 hours. Paid holiday counts as paid weeks, so a full-year job with paid leave uses 52. Term-time, seasonal or zero-hours work has fewer paid weeks: enter the number you are paid for.

What is the minimum wage in 2026/27?

From 1 April 2026 the National Living Wage for people aged 21 and over is £12.71 an hour. The rate for 18 to 20 year olds is £10.85, for under 18s £8.00 and for apprentices £8.00. The tool adds a note when the rate entered is below the rate for people aged 21 and over.

Is tax worked out on hourly pay or on the year?

On the year. The first £12,570 of pay in 2026/27 is free of income tax and the first £12,570 is free of National Insurance, whatever the hourly rate. Above those, pay carries 20% income tax and 8% National Insurance until the higher rate threshold. At £12.71 an hour the first 988 hours of the year fall within the personal allowance.

Why is my weekly pay different from the figure here?

The weekly figure is the take-home pay for the year divided by 52. A payslip for a single week uses weekly thresholds, so a week with more or fewer hours than usual can show different deductions. Income tax evens out over the year through PAYE. National Insurance is settled pay period by pay period.

Calculators

Hourly rate to salary calculator

Tax year 2026/27, for England and Northern Ireland, Scotland, Wales. Shows the annual salary for an hourly rate, hours a week and weeks a year, and the take-home pay a year, a month and a week.

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Take-home pay

£2,048a month

Salary a year: £29,250
Take-home a year: £24,580
Take-home a week: £473

£15.00 an hour for 37.5 hours over 52 weeks is £29,250 a year before tax and £12.60 an hour after income tax and National Insurance. The weekly figure is the year's take-home divided by 52.

Under 2027/28 as announced so far, the same inputs give the same take-home pay a month, £2,048.30. None of the rules this result used is set to change.

The working

How £15.00 an hour becomes take-home pay in 2026/27
Line	Rate	On	A year	Source
			£29,250.00
£15.00 × 37.5 hours a week × 52 weeks a year = £29,250.00.
			£12,570.00	gov.uk
Tax code 1257L gives an allowance of £12,570.00, taxed at 0%. Checked 7 November 2026, in force.
	20%	£16,680.00	−£3,336.00	gov.uk
Taxable income from £0.00 to £37,700.00: £16,680.00 × 20% = £3,336.00. Checked 7 November 2026, in force.
	8%	£16,680.00	−£1,334.40	gov.uk
Earnings from £12,570.00 to £50,270.00: £16,680.00 × 8% = £1,334.40. Checked 9 November 2026, in force.
			£24,579.60
£29,250.00 − £4,670.40 = £24,579.60.

How this is calculated

Annual salary. Hourly rate × hours a week × paid weeks a year.
Income tax. The salary less the £12,570 personal allowance, taxed band by band for the nation chosen.
National Insurance. 8% on pay above £12,570 a year, and a lower rate above the upper earnings limit.
Student loan. The plan rate on pay above the plan threshold, if a plan is chosen.
Take-home pay. What is left for the year, divided by twelve for a month and by 52 for a week.

The rounding conventions are listed in the methodology, and the formulas run from the open rules file for 2026/27.

Rules used

Tax year: 2026/27 (6 April 2026 to 5 April 2027)
Nation: England and Northern Ireland
Figures: Checked between 7 November 2026 and 9 November 2026. Status: in force.
Next scheduled change: 6 April 2027
Every figure: Rates and allowances for 2026/27, each with its source and the date it was checked.
Sources used: Income tax rates, checked 7 November 2026
National insurance rates letters, checked 9 November 2026

What changes on 6 April 2027

None of the figures this result uses changes on that date, as far as 2027/28 has been announced.

Not yet set for 2027/28: Scottish income tax bands and rates; Plan 1 threshold; Plan 4 threshold; Plan 5 threshold; Postgraduate loan threshold.

Switch the tax year in the form to see the result under 2027/28 as announced so far. The Budget 2026 page lists every measure, including those that do not touch this result.

What this does not do. It assumes the same hours every paid week, one job and the standard tax code. It does not model overtime rates, unpaid breaks, holiday pay rolled into the hourly rate, pension contributions or week-by-week PAYE on irregular hours. It never suggests what rate to ask for.

Questions people ask

How do I convert an hourly rate to an annual salary?: Multiply the hourly rate by the hours worked in a week and by the paid weeks in a year. £12.71 an hour for 37.5 hours over 52 weeks is £24,784.50 a year, and £21,364.54 after income tax and National Insurance in 2026/27.
How many working hours are there in a year?: It depends on the contract. 37.5 hours a week over 52 paid weeks is 1,950 hours. Paid holiday counts as paid weeks, so a full-year job with paid leave uses 52. Term-time, seasonal or zero-hours work has fewer paid weeks: enter the number you are paid for.
What is the minimum wage in 2026/27?: From 1 April 2026 the National Living Wage for people aged 21 and over is £12.71 an hour. The rate for 18 to 20 year olds is £10.85, for under 18s £8.00 and for apprentices £8.00. The tool adds a note when the rate entered is below the rate for people aged 21 and over.
Is tax worked out on hourly pay or on the year?: On the year. The first £12,570 of pay in 2026/27 is free of income tax and the first £12,570 is free of National Insurance, whatever the hourly rate. Above those, pay carries 20% income tax and 8% National Insurance until the higher rate threshold. At £12.71 an hour the first 988 hours of the year fall within the personal allowance.
Why is my weekly pay different from the figure here?: The weekly figure is the take-home pay for the year divided by 52. A payslip for a single week uses weekly thresholds, so a week with more or fewer hours than usual can show different deductions. Income tax evens out over the year through PAYE. National Insurance is settled pay period by pay period.

Keep this result

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