£15 an hour after tax
£2,048 a month in 2026/27 on a 37.5-hour week, which is £29,250 a year before tax. England, Wales and Northern Ireland, before any pension or student loan.
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Take-home pay
£2,048a month
- A year
- £24,580
- A week
- £473
- A day
- £95
Effective rate 15.97%. Marginal rate on the next £1,000: 28%.
On the same pay, take-home is unchanged from 2025/26. None of the rules that apply to this result changed.
Where your pay sits
You are £21,020 below the higher rate threshold and the National Insurance upper earnings limit (£50,270).
- Personal allowance: £12,570 (below your pay)
- Higher rate and NI upper earnings limit: £50,270 (£21,020 above your pay)
- Child benefit charge: £60,000 (£30,750 above your pay)
- Allowance taper: £100,000 (£70,750 above your pay)
- Additional rate and allowance gone: £125,140 (£95,890 above your pay)
How £29,250 becomes £24,580
| Line | Rate | On | A year | Source |
|---|---|---|---|---|
| £29,250.00 | ||||
| Gross annual pay £29,250.00. | ||||
| £12,570.00 | gov.uk | |||
| Tax code 1257L gives an allowance of £12,570.00, taxed at 0%. | ||||
| 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. | ||||
| 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. | ||||
| £24,579.60 | ||||
| £29,250.00 − £4,670.40 = £24,579.60. | ||||
Where each pound goes
How this is calculated
£15 an hour by hours worked
| Hours a week | Before tax a year | Take-home a month | Take-home a week | Kept per hour |
|---|---|---|---|---|
| 20 | £15,600 | £1,229 | £284 | £14.18 |
| 30 | £23,400 | £1,697 | £392 | £13.06 |
| 35 | £27,300 | £1,931 | £446 | £12.73 |
| 37.5 | £29,250 | £2,048 | £473 | £12.60 |
| 40 | £31,200 | £2,165 | £500 | £12.49 |
The rest of this page uses 37.5 hours a week for 52 weeks: £15 × 37.5 × 52 = £29,250 a year.
£15 an hour against the minimum wage
| Rate for | An hour | £15 is | Source |
|---|---|---|---|
| People aged 21 and over (the National Living Wage) | £12.71 | £2.29 above | gov.uk |
| People aged 18 to 20 | £10.85 | £4.15 above | gov.uk |
| People under 18 | £8.00 | £7.00 above | gov.uk |
| Apprentices | £8.00 | £7.00 above | gov.uk |
By nation
| Where you live | A month | A year | Income tax |
|---|---|---|---|
| England and Northern Ireland | £2,048 | £24,580 | £3,336 |
| Scotland | £2,052 | £24,619 | £3,296 |
| Wales | £2,048 | £24,580 | £3,336 |
Wales matches England and Northern Ireland because the Welsh rates of income tax for 2026/27 add up to the same rate in every band. National Insurance and student loan repayments are the same in all four nations.
£29,250 under the rates for Scotland
| Band | Rate | On | Income tax |
|---|---|---|---|
| Starter rate | 19% | £3,967 | £753.73 |
| Basic rate | 20% | £12,713 | £2,542.60 |
| Income tax in all | £16,680 | £3,296.33 |
That is £40 less income tax a year than in England and Northern Ireland, so take-home is £2,052 a month.
Distance to each threshold
| Threshold | Pay at which it applies | From £29,250 |
|---|---|---|
| Personal allowance | £12,570 | £16,680 below |
| Higher rate and NI upper earnings limit | £50,270 | £21,020 above |
| Child benefit charge | £60,000 | £30,750 above |
| Allowance taper | £100,000 | £70,750 above |
| Additional rate and allowance gone | £125,140 | £95,890 above |
The marginal rate on the next £1,000 is 28%. You are £21,020 below the higher rate threshold and the National Insurance upper earnings limit (£50,270).
What the next £5,000 is worth
| Salary | Take-home a year | More a year | More a month | Kept of each pound |
|---|---|---|---|---|
| £30,250 | £25,300 | £720 | £60 | 72p |
| £31,250 | £26,020 | £1,440 | £120 | 72p |
| £32,250 | £26,740 | £2,160 | £180 | 72p |
| £33,250 | £27,460 | £2,880 | £240 | 72p |
| £34,250 | £28,180 | £3,600 | £300 | 72p |
Each row compares that salary with £29,250, before any pension or student loan.
With 5% into a pension
| Scheme type | Into the pension a year | Take-home a month | Take-home falls by | Cost of each pound |
|---|---|---|---|---|
| Relief at source | £1,463 | £1,951 | £1,170 a year | 80p |
| Net pay | £1,463 | £1,951 | £1,170 a year | 80p |
| Salary sacrifice | £1,463 | £1,961 | £1,053 a year | 72p |
The employee's own contribution only, as a share of salary. Salary sacrifice costs least because the sacrificed pay carries no National Insurance. Your scheme type is on your pension statement or payslip.
Student loan repayments at £29,250
| Plan | Threshold | Rate | A year | A month | Source |
|---|---|---|---|---|---|
| Plan 1 | £26,900 | 9% | £211 | £18 | gov.uk, checked 9 November 2026 |
| Plan 2 | £29,385 | 9% | £0 | £0 | gov.uk, checked 9 November 2026 |
| Plan 4 | £33,795 | 9% | £0 | £0 | gov.uk, checked 9 November 2026 |
| Plan 5 | £25,000 | 9% | £382 | £32 | gov.uk, checked 9 November 2026 |
| Postgraduate loan | £21,000 | 6% | £495 | £41 | gov.uk, checked 9 November 2026 |
Each line in the breakdown above is worked out as the take-home pay calculator describes: the allowance from the tax code, income tax band by band on pay above it, National Insurance between the annual thresholds, and each loan plan on pay above its threshold.
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.
What changes on 6 April 2027
Of the income tax, National Insurance or student loan figures this result uses, one changes in 2027/28.
| Figure | 2026/27 | 2027/28 | Source | Status |
|---|---|---|---|---|
| Lower earnings limit It sets the pay at which National Insurance credits begin, not the amount deducted. | £6,708 | £6,916 | gov.uk | Announced |
Not yet set for 2027/28: Scottish income tax bands and rates; Primary threshold, monthly pay period; Upper earnings limit, monthly pay period; 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 week for a full tax year, paid holiday included, with no overtime, one job and National Insurance category A. Pay that varies from week to week is taxed on what each pay period brings, so a single week can differ.
Questions people ask
- How much is £15 an hour a year?
- £29,250 before tax for 37.5 hours a week over 52 weeks, and £24,580 after income tax and National Insurance in 2026/27.
- How much is £15 an hour a month after tax?
- £2,048 a month, or £473 a week, on a 37.5-hour week with the standard tax code and no pension or student loan.
- How much tax do you pay on £29,250?
- £3,336 of income tax and £1,334 of National Insurance a year, so £4,670 in all, an effective rate of 15.97%.
- What is the marginal tax rate at £29,250?
- 28%. That is the share of the next £1,000 that goes in tax and National Insurance. You are £21,020 below the higher rate threshold and the National Insurance upper earnings limit (£50,270).
- How much is £29,250 after tax in Scotland?
- £2,052 a month, £24,619 a year, under the Scottish rates for 2026/27. That is £40 a year more than in England and Northern Ireland.
- How much student loan do you repay on £29,250?
- Plan 1: £211 a year; Plan 2: £0 a year; Plan 4: £0 a year; Plan 5: £382 a year; Postgraduate loan: £495 a year. Each plan repays a fixed share of pay above its own threshold, so the plan matters more than the loan size.
- What does a 5% pension cost on £29,250?
- By salary sacrifice, £1,463 a year goes into the pension and take-home falls by £1,053, to £1,961 a month. Each pound in the pension costs 72p of take-home, because the sacrificed pay is not taxed and carries no National Insurance.
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