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£15.50 an hour is how much a year?

£15.50 an hour is £30,225 a year on a 37.5-hour week, or £2,519 a month before tax.

37.5 hours a week, 52 paid weeks. 2026/27 tax rates, last checked 29 October 2026.

£15.50 an hour, full time£30,225a year, or £25,282 after tax

Check your own figures ↓

Per year
£30,225
Per month
£2,518.75
Per week
£581.25
Per day (7.5 hours)
£116.25

£15.50 an hour after tax

ItemPer yearPer monthPer week
Gross pay£30,225£2,518.75£581.25
Income tax−£3,531−£294.25−£67.90
National Insurance−£1,412−£117.70−£27.16
Take-home pay£25,282£2,106.80£486.18

That is about £12.96 an hour after tax. In Scotland take-home pay is £25,314 a year.

£15.50 an hour on other hours

Hours a weekPer yearPer monthTake-home per month
16 hours£12,896£1,075£1,067
20 hours£16,120£1,343£1,261
25 hours£20,150£1,679£1,502
30 hours£24,180£2,015£1,744
35 hours£28,210£2,351£1,986
37.5 hours£30,225£2,519£2,107
40 hours£32,240£2,687£2,228
45 hours£36,270£3,023£2,470

Key points at £15.50 an hour

  • That is £2.79 an hour above the £12.71 National Living Wage, worth £5,441 a year full time.
  • The yearly figure is £15.50 × 37.5 hours × 52 weeks. Most full-time jobs include 28 days of paid holiday, so you are paid for all 52 weeks.
  • The nearest whole salary is £30,000 after tax, with a Scotland comparison and student loan figures.

Check your own figures

The take-home pay calculator is set to £30,225, the full-time salary at £15.50 an hour. Add a pension or change the region.

Where do you pay tax?
Your take-home pay£0a month
    Take-home pay breakdown
    ItemPer yearPer monthPer week

    How we worked this out

      2026/27 rates, last checked 29 October 2026. Tax code 1257L, NI category A, no student loan.

      Hourly rates near £15.50

      Hourly ratePer yearTake-home per year
      £14.75 an hour£28,763£24,229
      £15 an hour£29,250£24,580
      £15.25 an hour£29,738£24,931
      £15.50£30,225£25,282
      £15.75 an hour£30,713£25,633
      £16 an hour£31,200£25,984
      £16.25 an hour£31,688£26,335

      All hourly rates

      Assumptions

      Paid for 52 weeks a year, tax code 1257L, National Insurance category A, no pension, student loan or overtime. Take-home figures use the 2026/27 rates for England, Wales and Northern Ireland unless stated.

      Frequently asked questions

      £15.50 an hour is how much a year?

      £30,225 a year on a 37.5-hour week, or £32,240 a year on 40 hours. That is £2,519 a month before tax.

      What is £15.50 an hour after tax?

      About £25,282 a year, or £2,107 a month, after income tax and National Insurance in 2026/27, working 37.5 hours a week in England, Wales or Northern Ireland.

      Is £15.50 an hour above the minimum wage?

      Yes. It is £2.79 an hour above the £12.71 National Living Wage for workers aged 21 and over.