Hourly to annual salary calculator
Turn an hourly rate into a full salary. Set your hours and paid weeks to see the weekly, monthly and annual gross, plus what actually remains after tax.
Gross across every pay period
| Period | Gross | Take-home |
|---|---|---|
| Weekly | £562.50 | £472.68 |
| Monthly | £2,438 | £2,048 |
| Annual | £29,250 | £24,580 |
How the conversion works
The gross figure is simply your rate multiplied by the hours you work and the weeks you are paid. Rate times hours gives a week's pay, times the number of weeks gives the year. That annual gross is what job adverts usually quote. The monthly figure is the annual divided by twelve, which is smoother than a straight four-week month.
Take-home is a separate step. Income tax and National Insurance come off the annual gross, so the net figure is lower than the headline. At lower hourly rates a bigger share of the pay sits under the personal allowance, so the effective deduction is small. As the annual figure climbs, more of it crosses into the 20% band and the take-home percentage falls.
Worked example
Take £15 an hour over 37.5 hours a week. That is £562.50 a week, and across 52 weeks it comes to £29,250 a year. Income tax and National Insurance of about £4,670 leave a take-home near £24,580, roughly £2,048 a month. The effective deduction is 16.0%.
Common questions
What is £15 an hour as a yearly salary?
At £15 an hour over 37.5 hours a week for 52 weeks, the gross salary is about £29,250 a year. After income tax and National Insurance the take-home is roughly £24,580, or £2,048 a month.
How do you convert an hourly rate to an annual salary?
Multiply the hourly rate by the hours you work each week, then by the number of paid weeks in the year. A common assumption is 52 weeks, but if you are not paid for holidays you might use fewer. The result is the gross annual figure before tax.
Should I use 52 weeks or fewer?
Use 52 if you are paid for the whole year including holiday, which is normal for salaried and most hourly employees. Use fewer weeks only if you genuinely are not paid for some weeks, for example term-time-only work. This tool lets you set the number.
Does the take-home figure include holiday pay?
The gross figure assumes every week you set is paid. Whether holiday pay is on top depends on your contract. Rolled-up holiday pay is included in the hourly rate itself, so check your contract before assuming extra.
Is this the same as minimum wage?
It can be. Enter the National Living Wage or Minimum Wage rate for your age band as the hourly rate and it will show the yearly equivalent. The tool does not check the rate against the legal minimum, so confirm your rate separately.