£15/hr — Annual Salary Equivalent
England & Wales · 2025-26
£15/hr — annual salary at different hours
| Hours per week | Hours/year | Annual salary |
|---|---|---|
| 37.5 hours/week | 1,950 | £29,250 |
| 40 hours/week (standard) | 2,080 | £31,200 |
| 45 hours/week | 2,340 | £35,100 |
| Day rate (8h/day) | — | £120.00/day |
After-tax take-home — £15/hr at 40h/week
| Annual gross (40h/week) | £31,200 |
| Annual net take-home | £25,984 |
| Monthly take-home | £2,165/month |
| Weekly take-home | £500/week |
| Effective tax rate | 16.7% |
Frequently asked questions
What is £15/hr as an annual salary?
£15 per hour equals £29,250/year at 37.5h/week, £31,200/year at 40h/week, or £35,100/year at 45h/week. The standard 40-hour-week conversion is hourly rate × 2,080.
How much is £15/hr after tax in 2025-26?
At 40 hours per week, £15/hr gives an annual gross of £31,200. After Income Tax and National Insurance in 2025-26, take-home pay is £25,984/year — £2,165/month or £500/week. Effective tax rate: 16.7%.
What is the day rate for £15/hr?
At 8 hours per day, £15/hr equals £120.00/day before tax. Contractors and freelancers typically quote day rates, so this helps compare a permanent hourly role with a contract position.
How does £15/hr compare to minimum wage?
The UK National Living Wage (25+) is £12.21/hr and the National Minimum Wage for 21-24 year olds is £10.18/hr for 2025-26. At £15/hr you're above the National Living Wage. Your annual equivalent at 40h/week is £31,200.
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