£15 an Hour Is How Much a Year?

At 37.5 paid hours a week, you earn £562.50 gross per week. Spread across 12 months, the annual equivalent is £2,437.50 gross per month. Your actual pay schedule may differ.

Whether £15 an hour is a good wage depends on where you live, your working hours, household circumstances and financial commitments. Compare the rate with similar roles in your industry, and consider benefits and employer pension contributions as well as cash pay.

Working 37.5 hours per week at £15 an hour gives gross annual earnings of approximately £29,250. That works out to £2,437.50 gross per month and £562.50 gross per week.

After estimated Income Tax and National Insurance, take-home pay would be around £2,048.34 per month under the assumptions used here.

Your actual earnings will depend on your working hours, unpaid time off, overtime, pension contributions, student loan repayments, tax code and whether Scottish Income Tax applies. See our UK tax-code guide for common PAYE code explanations.

The annual salary equivalent assumes 37.5 paid hours per week for 52 weeks. The take-home estimate then applies 2026/27 Income Tax rules for England, Wales and Northern Ireland and employee National Insurance.

It assumes a standard personal allowance, no pension contributions, no student or postgraduate loan deductions and no other taxable income. Actual pay can vary with weekly hours, unpaid leave, overtime, your tax code and other deductions.

For the calculation approach and source information, see our methodology.