£15.50 an hour is how much a year?
£15.50 an hour is £30,225 a year for a 37.5 hour week, before tax: £2,518.75 a month or £581.25 a week.
Pay before tax over 52 weeks. Take-home pay uses HMRC's 2026 to 2027 rates for England, Wales and Northern Ireland, checked 13 November 2026.
Result
£15.50 an hour for 37.5 hours a week is £30,225.00 a year.
a year, before tax
| A year | £30,225.00 |
|---|---|
| A month | £2,518.75 |
| A week | £581.25 |
| A day | £116.25 |
| An hour | £15.50 |
That is at least the National Living Wage of £12.71 an hour for people aged 21 and over. Check the rate for your age.
Show the workings
| Step | Sum | Answer |
|---|---|---|
| Pay for a year | £15.50 a hour × 37.5 hours a week × 52 weeks | £30,225.00 |
| A month | £30,225.00 ÷ 12 | £2,518.75 |
| A week | £30,225.00 ÷ 52 weeks | £581.25 |
| A day | £581.25 ÷ 5 days | £116.25 |
What this leaves out or assumes
- A year is 52 weeks, the usual way to convert pay. A month is a twelfth of a year.
- These are amounts before tax and National Insurance.
Where the figures come from
- Minimum hourly wage, aged 21 and over (National Living Wage): £12.71 an hour. Source: GOV.UK: National Minimum Wage and National Living Wage rates. Checked 13 November 2026.
£15.50 an hour for different hours
| Hours a week | A year | A month | A week |
|---|---|---|---|
| 16 | £12,896 | £1,074.67 | £248 |
| 20 | £16,120 | £1,343.33 | £310 |
| 30 | £24,180 | £2,015 | £465 |
| 35 | £28,210 | £2,350.83 | £542.50 |
| 37.5 | £30,225 | £2,518.75 | £581.25 |
| 40 | £32,240 | £2,686.67 | £620 |
After tax
On £30,225 a year, with tax code 1257L and no student loan or pension, you take home £25,283.40 a year, or £2,106.95 a month, after £3,529.20 Income Tax and £1,412.40 National Insurance. That is £12.97 an hour after tax. £30,000 after tax breaks it down further, and the take-home pay calculator works out your own.
Against the minimum wage
From 1 April 2026 the National Living Wage for people aged 21 and over is £12.71 an hour. £15.50 is at or above it. The rates for younger workers and apprentices are on the minimum wage calculator.