£15.00 an Hour is How Much a Year?
Living Wage Foundation Voluntary Benchmark
payments Annual Salary Breakdown for £15.00 per Hour
Based on a standard UK full-time schedule of 37.5 hours per week over 52 weeks, earning £15.00 per hour generates a gross annual salary of £29,250.00.
After deducting 2026/27 Income Tax (£3,336.00) and Class 1 National Insurance (£1,334.40) under the standard 1257L tax code (£12,570 tax-free allowance), your estimated net take-home pay is £24,579.60 a year, which equals £2,048.30 per month or £472.68 per week.
table_chart Pay Frequency Conversion Table (37.5 Hours/Week)
| Pay Frequency | Gross Pay | Income Tax | National Insurance | Net Take-Home |
|---|---|---|---|---|
| Annual (52 weeks) | £29,250.00 | £3,336.00 | £1,334.40 | £24,579.60 |
| Monthly (12 months) | £2,437.50 | £278.00 | £111.20 | £2,048.30 |
| Weekly (37.5 hours) | £562.50 | £64.15 | £25.66 | £472.68 |
| Daily (7.5 hours) | £112.50 | £12.83 | £5.13 | £94.54 |
schedule Working Hours Comparison at £15.00 per Hour
Actual earnings depend on contract hours. The table below illustrates how your annual and monthly income shifts across part-time and full-time working patterns at £15.00/hr.
| Work Schedule | Hours / Week | Gross Salary | Monthly Gross | Estimated Take-Home |
|---|---|---|---|---|
| Full-time (40h) | 40 hrs | £31,200 | £2,600 | £25,984/yr (£2,165/mo) |
| Standard FT (37.5h) | 37.5 hrs | £29,250 | £2,438 | £24,580/yr (£2,048/mo) |
| Full-time (35h) | 35 hrs | £27,300 | £2,275 | £23,176/yr (£1,931/mo) |
| Substantial PT (30h) | 30 hrs | £23,400 | £1,950 | £20,368/yr (£1,697/mo) |
| Part-time (25h) | 25 hrs | £19,500 | £1,625 | £17,560/yr (£1,463/mo) |
| Part-time (20h) | 20 hrs | £15,600 | £1,300 | £14,752/yr (£1,229/mo) |
| Part-time (16h) | 16 hrs | £12,480 | £1,040 | £12,480/yr (£1,040/mo) |
verified Statutory Framework & HMRC Regulations (2026/27)
Benchmark Classification: A widely recognized voluntary wage benchmark calculated independently based on actual UK living costs.
Legal & Compliance Safeguard: Exceeds statutory minimums and is paid voluntarily by accredited Living Wage employers committed to fair compensation.
Tax Deduction Mechanics: UK Income Tax is calculated assuming the standard 1257L tax code, which allocates a tax-free Personal Allowance of £12,570. Taxable income up to £50,270 is taxed at the 20% Basic Rate. National Insurance applies at 8% on earnings between £12,570 and £50,270.
Track & Consolidate Your Workplace Pensions
As your hourly income reaches £15.00/hr, workplace pension contributions increase. Combining old pots into a single SIPP maximizes compound interest.
help Frequently Asked Questions About £15.00 an Hour
What is £15 an hour annually in the UK?
At 37.5 hours per week, £15.00 per hour equals £29,250.00 gross per year (£2,437.50 per month). For a 40-hour week, gross pay is £31,200.00 annually.
What is take-home pay on £15 an hour?
At 37.5 hours per week, take-home pay is £24,579.60 per year (£2,048.30 per month or £472.68 per week) after £3,336.00 in Income Tax and £1,334.40 in National Insurance.
Is £15 an hour a good wage in the UK?
£15.00/hr yields a full-time gross salary of £29,250, placing you comfortably above statutory minimum wage and within reach of the national median wage.