2026/27 · United Kingdom · 37.5 hours a week

£15 an Hour Is How Much a Year?

Working full time (37.5 hours a week) at £15 an hour, you earn £29,250 per year before tax.

Per year£29,250before tax
Per month£2,438before tax
Per week£56337.5 hours
After tax£24,580per year
Your take-home pay
£24,580/ year
Monthly£2,048
Weekly£473
Tax rate16.0%
  • Take-home pay £24,580
  • Income Tax £3,336
  • National Insurance £1,334

£15 an hour by hours worked

What the same hourly rate pays at different weekly schedules (overtime premium not included).

Hours per weekPer weekPer monthPer year
16 h£240.00£1,040.00£12,480
20 h£300.00£1,300.00£15,600
25 h£375.00£1,625.00£19,500
30 h£450.00£1,950.00£23,400
35 h£525.00£2,275.00£27,300
37.5 h£562.50£2,437.50£29,250
38 h£570.00£2,470.00£29,640
40 h£600.00£2,600.00£31,200
45 h£675.00£2,925.00£35,100

What £15 an hour adds up to

  • A £1,000 pay rise would add £720 to your take-home pay at this salary.
  • You are a basic-rate taxpayer. If your spouse or civil partner earns less than the Personal Allowance, they could transfer part of theirs to you through the Marriage Allowance and cut your tax by up to about £250 a year.
  • With a student loan, you would repay at this salary on: Plan 1, Plan 5, Postgraduate.
  • In Scotland, the same salary would leave £40 more in take-home pay each year.

£15 an hour after tax by pay period

Most UK employers pay monthly. Here is the same salary split by every common pay period.

Pay periodGross payDeductionsTake-home pay
Yearly£29,250£4,670£24,580
Monthly£2,437.50£389.20£2,048.30
Weekly£562.50£89.82£472.68
Daily£112.50£17.96£94.54
Hourly£15.00£2.40£12.60

England vs Scotland

At this salary, you take home £40 a year more in Scotland than in the rest of the UK.

England, Wales & NIScotland
Income Tax£3,336£3,296
National Insurance£1,334£1,334
Take-home pay£24,580£24,619
Per month£2,048£2,052

Where your money goes

Take-home pay: £24,580Income Tax: £3,336National Insurance: £1,334
You keep84%
  • Take-home pay£24,58084.0%
  • Income Tax£3,33611.4%
  • National Insurance£1,3344.6%
  • Income Tax (£3,336). Collected through PAYE on £16,680 of income above your Personal Allowance.
  • National Insurance (£1,334). Worked out on each payslip, at 8% up to £50,270 and 2% beyond.

Frequently asked questions

£15 an hour is how much a year?

£29,250 a year before tax, based on 37.5 hours a week and 52 weeks.

£15 an hour is how much a month?

About £2,437.50 per month before tax.

£15 an hour is how much a week?

£562.50 per week before tax for 37.5 hours.

How much is £15 an hour after tax?

About £24,580 a year, or £12.60 per hour.

Is £15 an hour above the minimum wage?

Yes. The minimum wage is £12.71 an hour.

How we calculate

Figures use HMRC 2026/27 Income Tax bands (including Scottish rates), Class 1 National Insurance and student loan thresholds for an employee paid through PAYE. Read our methodology. Last updated September 25, 2026. Estimates for information only, not tax advice.