£15 Per Hour — Annual Salary & Take Home Pay

£15 per hour is £29,250 per year (based on 37.5 hours/week). In the 2026-27 tax year, after income tax and National Insurance, your take-home pay is £2,048.3 per month or £24,579.6 per year.

If you earn £15 per hour and work a standard 37.5 hours per week, your annual salary is £29,250. Here's what that looks like after tax and National Insurance:

Period	Gross	Take Home
Hourly	£15.00	£12.60
Daily (7.5h)	£112.50	£94.54
Weekly (37.5h)	£562.5	£472.68
Monthly	£2,437.5	£2,048.3
Annual	£29,250	£24,579.6

Tax and NI on £29,250

On an annual salary of £29,250, your deductions are:

• Income tax: £3,336 (£278/month)
• National Insurance: £1,334.4 (£111.2/month)
• Total deductions: £4,670.4 per year

Your effective tax rate is 16.0%.

How £15/hour compares

The UK median hourly pay is approximately £17.93/hour (based on a £34,963 median salary). At £15/hour, you are below the median. The National Living Wage is £12.21/hour (£23,809.5/year).

Hourly rate comparison

Hourly rate	Annual salary	Monthly take home	Annual take home
£13	£25,350	£1,814.3	£21,771.6
£14	£27,300	£1,931.3	£23,175.6
£16	£31,200	£2,165.3	£25,983.6
£17	£33,150	£2,282.3	£27,387.6

Related calculations

• Full £29,000 salary breakdown — detailed tax bands and deductions
• Take home pay on £30,000 — monthly, weekly, and daily take home
• UK Salary Tax Table — take-home pay for every salary level