£15 an hour equals £31,200 per year working full-time. Here’s the complete breakdown of your earnings before and after tax.
£15 Per Hour Annual Salary
| Time Period | Gross Earnings |
|---|---|
| Hourly | £15.00 |
| Daily (8 hours) | £120 |
| Weekly (40 hours) | £600 |
| Bi-weekly | £1,200 |
| Monthly | £2,600 |
| Annual | £31,200 |
Take-Home Pay After Tax
At £31,200 per year, here’s what you’ll actually receive (2026/27 income tax and National Insurance for England, Wales and Northern Ireland, with no pension or student loan deductions):
| Deduction | Annual Amount |
|---|---|
| Gross salary | £31,200 |
| Income tax | £3,726 |
| National Insurance | £1,490 |
| Take-home pay | £25,984 |
Monthly and Weekly Take-Home
| Period | Take-Home |
|---|---|
| Monthly | £2,165 |
| Weekly | £500 |
| Daily | £100 |
How £15/Hour Compares
| Metric | Amount |
|---|---|
| UK National Living Wage (21+, from April 2026) | £12.71/hour |
| UK median hourly pay (full-time, excl. overtime, April 2025) | £19.67/hour |
| £15/hour vs median | 24% below |
| Annual pay percentile (April 2025) | ~46th of all employee jobs; ~31st of full-time jobs |
Sources: GOV.UK minimum wage rates (April 2026); ONS Annual Survey of Hours and Earnings 2025 for median hourly pay. Percentiles compare the £31,200 full-time salary with annual pay in ASHE Table 1 (2025 provisional).
At £15/hour, you’re about 24% below the ONS full-time median hourly pay, though the full-time salary of £31,200 is close to the median annual pay of all employee jobs (£32,890), which include part-time jobs.
Sample Monthly Budget on £15/Hour
Based on £2,165 monthly take-home:
| Category | Amount | % of Income |
|---|---|---|
| Rent/Housing | £740 | 34% |
| Council Tax | £115 | 5% |
| Utilities & Bills | £170 | 8% |
| Food & Groceries | £275 | 13% |
| Transport | £170 | 8% |
| Phone & Internet | £50 | 2% |
| Savings | £295 | 14% |
| Other/Personal | £350 | 16% |
| Total | £2,165 | 100% |
Where Can You Live on £15/Hour?
Rent is usually the biggest cost, and it varies widely between regions and between cities and towns, so how far £2,165 a month goes depends mostly on local rents.
Related Guides
- UK average salary
- UK income tax bands
- Is £30,000 a good salary?
- £14 an hour is how much a year?
- £16 an hour is how much a year?
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