£24.50 an hour is how much a year?
£24.50 an hour is £47,775 a year for a 37.5 hour week, before tax: £3,981.25 a month or £918.75 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
£24.50 an hour for 37.5 hours a week is £47,775.00 a year.
a year, before tax
| A year | £47,775.00 |
|---|---|
| A month | £3,981.25 |
| A week | £918.75 |
| A day | £183.75 |
| An hour | £24.50 |
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 | £24.50 a hour × 37.5 hours a week × 52 weeks | £47,775.00 |
| A month | £47,775.00 ÷ 12 | £3,981.25 |
| A week | £47,775.00 ÷ 52 weeks | £918.75 |
| A day | £918.75 ÷ 5 days | £183.75 |
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.
£24.50 an hour for different hours
| Hours a week | A year | A month | A week |
|---|---|---|---|
| 16 | £20,384 | £1,698.67 | £392 |
| 20 | £25,480 | £2,123.33 | £490 |
| 30 | £38,220 | £3,185 | £735 |
| 35 | £44,590 | £3,715.83 | £857.50 |
| 37.5 | £47,775 | £3,981.25 | £918.75 |
| 40 | £50,960 | £4,246.67 | £980 |
After tax
On £47,775 a year, with tax code 1257L and no student loan or pension, you take home £37,919.40 a year, or £3,159.95 a month, after £7,039.20 Income Tax and £2,816.40 National Insurance. That is £19.45 an hour after tax. £48,000 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. £24.50 is at or above it. The rates for younger workers and apprentices are on the minimum wage calculator.