2026/27 tax year · hourly pay

£15 an Hour is How Much a Year After Tax?

At 37.5 hours a week and 52 weeks a year, £15 an hour is £29,250 a year gross. At 40 hours a week it is £31,200.

At 37.5 hours a week, £15 an hour is £29,250 a year before tax — about £24,580 take-home after income tax and National Insurance.

£15 an hour — annual, monthly and weekly

Hours per week	Gross annual	Annual take-home	Monthly take-home
16 hours	£12,480	£12,480	£1,040
20 hours	£15,600	£14,752	£1,229
25 hours	£19,500	£17,560	£1,463
30 hours	£23,400	£20,368	£1,697
37.5 hours	£29,250	£24,580	£2,048
40 hours	£31,200	£25,984	£2,165

These figures assume 52 paid weeks, a 1257L tax code and no pension or student loan.

Scenario	Gross annual	Annual take-home	Monthly
37.5 hours, England	£29,250	£24,580	£2,048
37.5 hours, Scotland	£29,250	£24,619	£2,052
40 hours, England	£31,200	£25,984	£2,165

Pension: 5% of £29,250 is £1,463 a year — a net-pay pension reduces taxable pay and changes take-home.
Student loan: Plan 2 repayments start above £29,385; on £29,250 that is £0 a year if you are on Plan 2.
Minimum wage: compare your rate with the 2026/27 National Living Wage in the minimum wage calculator.
Exact hours: use the hourly to salary calculator for different hours and weeks.

£15 an hour is how much a year?

At 37.5 hours a week and 52 weeks a year, £15 an hour is £29,250 a year gross. At 40 hours a week it is £31,200.

£15 an hour after tax — what is the take-home?

On a standard 1257L code with no pension or student loan, £29,250 gross leaves about £24,580 a year (£2,048 a month) at 37.5 hours a week.

£15 an hour at 40 hours a week after tax?

At 40 hours a week the gross salary is £31,200, leaving about £25,984 a year (£2,165 a month) after income tax and National Insurance.

Is £15 an hour above the minimum wage?

Yes — £15.00 is above the 2026/27 National Living Wage of £12.71 for workers aged 21 and over.