£15.50 an hour is how much a year?
A year before tax
£30,225
At £15.50 an hour for 37.5 hours a week, you earn £30,225 a year before tax, or £2,518.75 a month.
Calculators
Hourly pay
What an hourly rate comes to a week, a month and a year.
e.g. £15 an hourPro rata
Your salary for part-time hours, and what you take home from it.
On a 37.5 hours week, £15.50 an hour adds up to £30,225 a year before any deductions, £2,518.75 a month or £581.25 a week. In England, Wales and Northern Ireland the take-home is £25,283.40. At this rate Scottish taxpayers start to pay a little tax at the intermediate rate.
| Hours a week | A week | A month | A year |
|---|---|---|---|
| 20 | £310.00 | £1,343.33 | £16,120.00 |
| 35 | £542.50 | £2,350.83 | £28,210.00 |
| 37.5 | £581.25 | £2,518.75 | £30,225.00 |
| 40 | £620.00 | £2,686.67 | £32,240.00 |
| Pay period | England, Wales and Northern Ireland | Scotland |
|---|---|---|
| A year | £25,283.40 | £25,316.17 |
| A month | £2,106.95 | £2,109.68 |
| A week | £486.22 | £486.85 |
Scotland's intermediate rate at £15.50 an hour
Scotland taxes income in more bands than the rest of the UK. A full-time worker on £15.50 earns just enough for a small slice of pay to be taxed at the intermediate rate of 21%. The rest of the taxed pay is split between the starter rate and the Scottish basic rate.
The result is a Scottish take-home of £25,316.17. That is still a little more than the English figure, but the lead is smaller than it is at lower rates of pay. Each extra pound earned in Scotland now loses 29% to tax and National Insurance, against 28% in England.
Deductions in England, Wales and Northern Ireland
Income tax on £30,225 is £3,529.20, charged at 20% on pay above the standard tax code's annual PAYE free pay of £12,579. National Insurance takes £1,412.40, at 8% on pay above its own threshold of £12,570. The monthly take-home is £2,106.95, and none of the pay comes near the point where the higher rate of income tax begins.
The yearly figure is just over a round salary that has its own after tax page, which also shows what each student loan plan would take.
Other working hours at £15.50
With 40 hours a week, pay at £15.50 reaches £32,240 and the English take-home £26,734.20. With 20 hours a week the yearly pay is £16,120. The page for fifty pence an hour less shows the same sums just below this rate, where the Scottish intermediate rate has not yet started for a full-time week.
Questions
How much a year is £15.50 an hour?
It is £30,225 a year for 37.5 hours a week, and £32,240 a year for 40 hours a week. Both figures are before income tax, National Insurance and any pension.
What is £15.50 an hour a month after tax?
The take-home per month on a 37.5 hours week is £2,106.95 in England, Wales and Northern Ireland, using the standard tax code and no student loan or pension.
Do Scottish workers keep more at £15.50 an hour?
Slightly more, yes. A full-time Scottish taxpayer keeps £25,316.17 a year, against £25,283.40 in England. The intermediate rate now takes back part of the starter rate saving.
Nearby rates
The main figures assume 37.5 hours a week and 52 paid weeks, including paid holiday. They are whole-year estimates for 2026/27, with category A National Insurance and a tax code based on the allowance available at this income. No pension or student loan is included. Scotland is shown separately from England, Wales and Northern Ireland. The full statutory Personal Allowance is £12,570. The tax code used for this estimate gives £12,579 of annual PAYE free pay, including any reduction in the allowance due to income. Your contract determines your paid hours and weeks. Annual totals and rounded monthly or weekly figures can differ by pennies.