£15 an hour is how much a year?
£15 an hour is £29,250 a year at a full-time 37.5-hour week, £2,437.50 a month before tax, and about £2,048.30 a month in your pocket after income tax and National Insurance. These figures use the 2026/27 UK tax year's HMRC rates (checked 2026-08-28), England, Wales and Northern Ireland bands, the standard 1257L tax code, 52 paid weeks (employees are paid for holiday), and no pension or student loan, a different tax code, Scottish bands or a loan plan changes the take-home, and the full hourly calculator handles all of those. The table below shows the same £15 rate across 20, 30, 37.5 and 40-hour weeks, gross and after tax.
£15/hour by working week
| Hours/week | Annual gross | Monthly gross | Take-home / year | Take-home / month |
|---|---|---|---|---|
| 20 | £15,600.00 | £1,300.00 | £14,751.60 | £1,229.30 |
| 30 | £23,400.00 | £1,950.00 | £20,367.60 | £1,697.30 |
| 37.5 | £29,250.00 | £2,437.50 | £24,579.60 | £2,048.30 |
| 40 | £31,200.00 | £2,600.00 | £25,983.60 | £2,165.30 |
52 paid weeks (holiday is paid for employees), England bands, standard 1257L code, no pension or student loan. At 37.5 hours you keep 84.0% of gross, each hour is worth £12.60 after tax against the £15headline.
Nearby hourly rates
Any other rate, plus pension and student loan: hourly wage calculator · full deductions on the main calculator.
2026/27 HMRC rates, checked 2026-08-28.