£15 an hour is how much a year?
At 37.5 hours a week, £15 an hour is £29,250 a year before tax and £2,048 a month after tax.
- A year before tax
- £29,250
- Take-home a month
- £2,048
- Take-home a week
- £473
- Worth after tax, per hour
- £12.60
- HMRC 2026/27 rates
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£15 an hour for 37.5 hours a week is £29,250 a year. After income tax and National Insurance you take home £24,579.60 a year, £2,048.30 a month or £472.68 a week in 2026/27.
Your payslip on £15 an hour
Payments
Basic salary£2,437.50
Deductions
Income tax£278.00
National Insurance£111.20
Total deductions£389.20
Net pay£2,048.30
Of an 8 hour working day, 1 hour 17 minutes pays your income tax and National Insurance.
| Item | Year | Month | Week | Day |
|---|---|---|---|---|
| Gross pay | £29,250.00 | £2,437.50 | £562.50 | £112.50 |
| Income tax | -£3,336.00 | -£278.00 | -£64.15 | -£12.83 |
| National Insurance | -£1,334.40 | -£111.20 | -£25.66 | -£5.13 |
| Take-home pay | £24,579.60 | £2,048.30 | £472.68 | £94.54 |
£15 an hour at different weekly hours
| Hours a week | Before tax a year | After tax a year | After tax a month |
|---|---|---|---|
| 16 hours | £12,480 | £12,480.00 | £1,040.00 |
| 20 hours | £15,600 | £14,751.60 | £1,229.30 |
| 30 hours | £23,400 | £20,367.60 | £1,697.30 |
| 37.5 hours | £29,250 | £24,579.60 | £2,048.30 |
| 40 hours | £31,200 | £25,983.60 | £2,165.30 |
Where your £15 an hour goes
On £29,250 a year you pay £3,336.00 income tax and £1,334.40 National Insurance. After deductions each hour you work is worth £12.60. For the full salary breakdown see £29,000 after tax.
Other hourly rates
- £13 an hour£25,350 a year
- £14 an hour£27,300 a year
- £16 an hour£31,200 a year
- £17 an hour£33,150 a year
The same pay as £550 a week or £2,400 a month, roughly.
Back to the hourly pay table or the hourly rate calculator.
Questions people ask
How much is £15 an hour a year?
£29,250 a year before tax for a 37.5 hour week, or £31,200 for a 40 hour week, paid for all 52 weeks including paid holiday.
How much is £15 an hour a month after tax?
£2,048.30 a month at 37.5 hours a week, with the standard tax code and no student loan or pension.
Is £15 an hour above the minimum wage?
Yes. The National Living Wage for workers aged 21 and over is £12.71 an hour from April 2026, so £15 is £2.29 an hour more.