£15 an hour annual salary (2026/27)

If you earn £15.00 per hour working a standard 37.5 hour week, your gross annual salary is £29,250. See your exact take-home pay breakdown below.

Deduction / Period Annual Monthly Weekly Daily Hourly
Gross Pay £29,250.00 £2,437.50 £562.50 £112.50 £15.00
Income Tax £3,336.00 £278.00 £64.15 £12.83 £1.71
National Insurance £1,334.40 £111.20 £25.66 £5.13 £0.68
Take-Home Pay £24,579.60 £2,048.30 £472.68 £94.54 £12.60

How is a £15 Hourly Wage Taxed?

Working 37.5 hours per week for 52 weeks gives 1,950 working hours per year. At £15 per hour, your gross annual income is £29,250.

After your £12,570 tax-free Personal Allowance, your taxable pay is £16,680. At 20% basic rate tax, you pay £3,336 in Income Tax. Your Class 1 National Insurance at 8% is £1,334.40.

Sarah Jenkins, ACCA - Certified Accountant
Expert Verification & Review

Sarah Jenkins, ACCA

Certified Chartered Accountant & Payroll Specialist

Sarah has over 12 years of experience in UK payroll, tax compliance, and personal finance calculations. All calculations are fully updated for the 2026/27 UK tax year.

Financial & Tax Guidance Disclaimer

UKSalaryCalculate.co.uk provides estimated take-home pay and tax deductions based on standard UK tax codes (e.g., 1257L) and HMRC allowances for the 2026/27 tax year. This tool is designed for general guidance only and does not constitute professional financial, legal, or tax advice. Always consult a certified accountant or HMRC directly for your specific tax affairs.

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