Question 1

How much is £15.50 an hour annually?

Accepted Answer

£15.50/hour at 37.5 hours/week = £30,225/year gross (rate × hours × 52). At 37.5hrs/week: £30,225/year. At 40hrs/week: £32,240/year.

Question 2

What is take-home pay on £15.50 an hour?

Accepted Answer

On £15.50/hr at 37.5hrs/week (£30,225/year gross), take-home is £24,073/year in 2026-27 with 5% pension.

Question 3

Is £15.50 an hour a good wage in the UK?

Accepted Answer

The National Living Wage is £12.71/hr (21+) in 2026-27. The UK median annual salary of £39,039 is equivalent to approximately £18.77/hr at 40hrs/week. £15.50 is below the UK median hourly rate equivalent.

Question 4

What is £15.50 an hour after tax monthly?

Accepted Answer

At £15.50/hr × 37.5hrs/week: monthly take-home is £2,006/month in 2026-27 with 5% pension.

Question 5

How much is £15.50 an hour with pension deducted?

Accepted Answer

At 5% pension on £15.50/hr (annual gross £30,225): pension contribution £1,511/year, take-home £24,073/year. The pension costs less than face value as it reduces taxable income — each £1 contributed costs only ~72p to take-home at your marginal rate.

	Annual	Monthly	Weekly
Gross salary	£30,225	£2,518.75	£581.25
Income Tax	−£3,229	−£269.06	−£62.09
Nat. Insurance	−£1,412	−£117.70	−£27.16
Pension (5%)	−£1,511	−£125.94	−£29.06
Take-Home Pay	£24,073	£2,006.05	£462.93

£15.50 an Hour Take-Home Pay UK 2026-27

Adjust Your Hours & Deductions

Full Deduction Breakdown

Frequently Asked Questions

Related Hourly Rates