Question 1

How do I convert hourly rate to annual salary in the UK?

Accepted Answer

Annual salary = hourly rate x hours per week x 52. At 37.5 hours per week: £15/hr = £29,250/year. At 40 hours per week: £15/hr = £31,200/year. The calculator above shows exact take-home for any hourly rate and hours.

Question 2

What is the UK minimum wage hourly rate in 2026-27?

Accepted Answer

The National Living Wage (for workers aged 21+) is £12.71 per hour in 2026-27. At 37.5 hours per week (40 weeks holidays excluded) that is approximately £24,766/year gross, taking home approximately £20,215/year after income tax and NI.

Question 3

How much is £20 an hour annually in the UK?

Accepted Answer

At £20/hour at 37.5 hours per week: annual gross = £39,000. After income tax and NI at 2026-27 rates, take-home is approximately £30,000/year (£2,498/month) with no pension or student loan.

Question 4

Does my hourly rate include holiday pay?

Accepted Answer

Statutory holiday entitlement is 28 days (5.6 weeks) per year. Most hourly rate calculations assume 52 working weeks — which over-states annual pay if holidays are unpaid. Use 46.4 working weeks (52 minus 5.6) for a more accurate annual equivalent if your holidays are unpaid.

Question 5

How do I calculate my net hourly rate?

Accepted Answer

Net hourly rate = annual take-home pay divided by (hours per week x 52). On £15/hour at 37.5 hours (£29,250/year), take-home is approximately £23,800/year, giving a net hourly rate of approximately £12.20. The calculator above shows this automatically.

Hourly Rate
Take-Home Calculator

Your Hours

Annual Deductions

Hourly RateTake-Home Calculator

Your Hours

Annual Deductions

Hourly Rate
Take-Home Calculator