£16 an hour is how much a year?
£16 an hour is £31,200 a year at a full-time 37.5-hour week, £2,600.00 a month before tax, and about £2,165.30 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 £16 rate across 20, 30, 37.5 and 40-hour weeks, gross and after tax.
£16/hour by working week
| Hours/week | Annual gross | Monthly gross | Take-home / year | Take-home / month |
|---|---|---|---|---|
| 20 | £16,640.00 | £1,386.67 | £15,500.40 | £1,291.70 |
| 30 | £24,960.00 | £2,080.00 | £21,490.80 | £1,790.90 |
| 37.5 | £31,200.00 | £2,600.00 | £25,983.60 | £2,165.30 |
| 40 | £33,280.00 | £2,773.33 | £27,481.20 | £2,290.10 |
52 paid weeks (holiday is paid for employees), England bands, standard 1257L code, no pension or student loan. At 37.5 hours you keep 83.3% of gross, each hour is worth £13.32 after tax against the £16headline.
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.