£46,800 a year gross at 37.5 hours a week · £3,101 a month take-home in England, Wales & NI · £3,035 in Scotland.
ESTIMATE
Estimates for tax year 2026/27, 37.5-hour week × 52 paid weeks unless stated. Tax code 1257L, NI category A, no other income. For exact payslips use the UK take-home pay calculator.
£24 an hour is £46,800 a year on a standard 37.5-hour week, or £49,920 if you work 40 hours. After 2026/27 income tax and National Insurance you take home £37,216 a year — £3,101 a month — in England, Wales and Northern Ireland, and £36,424 in Scotland.
Hourly to annual salary: £24 an hour by pay period
To turn an hourly rate into a UK annual salary, multiply by your weekly hours and by 52. £24 × 37.5 × 52 = £46,800; £24 × 40 × 52 = £49,920. Daily figures assume a 7.5-hour or 8-hour day, five days a week (260 days). Holiday is paid, so it is already inside the 52 weeks.
Period
37.5h gross
Net E/W/NI
Net Scotland
40h gross
Net 40h
Year
£46,800
£37,216
£36,424
£49,920
£39,462
Month
£3,900
£3,101
£3,035
£4,160
£3,289
Week
£900.00
£715.68
£700.45
£960.00
£758.88
Day
£180.00
£143.14
£140.09
£192.00
£151.78
How £24 an hour is taxed in 2026/27
Everyone gets a £12,570 personal allowance. On £46,800 that leaves £34,230 taxable at the 20% basic rate, giving £6,846 of income tax. Employees then pay Class 1 National Insurance of 8% on earnings between £12,570 and £50,270 and 2% above — £2,738 here. In Scotland the six-band system (19% to 48%) gives £7,638 of income tax, so Scottish take-home is £792 lower at £36,424. The marginal rate on your next pound is 28% in England, Wales and NI.
Income tax and NI only start once annual pay passes £12,570 — at £24 that happens at about 10.1 hours a week. Below that you keep every penny. A Plan 2 student loan starts at 23.5 hours a week (£29,385 a year). The 40% higher rate begins at 40.3 hours a week (£50,270).
Above the median. £24 is 15% more than the £20.81 full-time median hourly pay (ONS ASHE 2026, provisional) and more than double the £10.85 rate for 18 to 20-year-olds. Even at 40 hours a week (£49,920) you stay below the £50,270 higher-rate threshold.
£24 an hour part-time: 20, 30 and 40 hours
Fewer hours mean a smaller salary, but not proportionally less take-home — the £12,570 personal allowance and NI primary threshold cover a larger slice of a part-time wage. At 20 hours £24 keeps 86% of gross pay, compared with 80% at 37.5 hours.
Contract
Gross / yr
Tax + NI
Net / yr
Net / month
Scotland / month
20 h/week
£24,960
£3,469
£21,491
£1,791
£1,794
30 h/week
£37,440
£6,964
£30,476
£2,540
£2,536
37.5 h/week
£46,800
£9,584
£37,216
£3,101
£3,035
40 h/week
£49,920
£10,458
£39,462
£3,289
£3,165
Take-home at £24 an hour by weekly hours
Take-home (shown)Tax & deductions
England, Wales & NI, 2026/27, no pension or student loan. Bar length = gross pay; green = take-home.
Student loan Plan 2 and 5% pension examples
At 37.5 hours your £46,800 salary is £17,415 above the Plan 2 threshold, so 9% of that — £1,567 a year or £131 a month — goes to the Student Loans Company. A 5% pension contribution (£2,340) taken under a net pay arrangement reduces take-home by only £1,872, because it comes out before income tax. Auto-enrolment minimums are worked out on qualifying earnings above £6,240, so your scheme may deduct slightly less.
37.5 h/week
E, W & NI / yr
/ month
Change
Scotland / month
Salary only
£37,216
£3,101
—
£3,035
+ Plan 2 student loan
£35,649
£2,971
−£1,567
£2,905
+ 5% pension (net pay)
£35,344
£2,945
−£1,872
£2,922
+ Plan 2 and 5% pension
£33,777
£2,815
−£3,439
£2,792
Is £24 an hour a good wage? NLW and median compared
Compared with the National Living Wage (£12.71), £24 an hour adds £22,016 a year before tax and £15,851 after tax and NI on a 37.5-hour week. It beats the ONS full-time median of £20.81 by £6,221 a year gross. For context, median weekly pay for full-time employees was £811.20 in April 2026. A £1 an hour pay rise from here is worth £1,404 a year after tax.
37.5 hours a week, England, Wales & NI, 2026/27. For the full band-by-band breakdown see £47,000 after tax.
What £24 an hour buys
After tax, one hour at £24 is worth £19.08 in your pocket. Here is how long you would work for everyday costs — in take-home terms and in gross terms.
Item (example price)
Work time after tax
Work time gross
A £3.50 latte
11 min
9 min
A £10 fish & chips supper
31 min
25 min
A £100 weekly food shop
5.2 h
4.2 h
A £1,000 holiday
52.4 h
41.7 h
One month at £24 an hour (£3,101 take-home) buys…
886takeaway lattes
620pints of beer
344cinema tickets
310fish & chips suppers
Monthly take-home on 37.5 hours, England, Wales & NI, divided by each price and rounded down. Example prices (rounded 2026 estimates, not official statistics): latte £3.50 · pint £5 · cinema ticket £9 · fish & chips £10.
Tips to keep more of £24 an hour
Know your student loan plan. Plan 2 takes 9% above £29,385, Plan 1 above £26,900, Plan 4 (Scotland) above £33,795 and Plan 5 above £25,000. At £24 on 37.5 hours a Plan 2 loan costs £131 a month.
Mind the £50,270 line. Above £50,270, a pension contribution saves 40% tax; above £60,000 the High Income Child Benefit Charge starts to claw back Child Benefit, removing it fully at £80,000.
Use the full calculator for your payslip. Bonuses, Plan 1/4/5 or postgraduate loans, different pension percentages and Scotland are all handled in the take-home pay calculator.
Check your tax code. Most employees should be on 1257L. An emergency code (1257L W1/M1 or 0T/BR) on a second job or new starter form can over-tax you for months — HMRC’s app shows your code and refunds overpayments.
Make the pension match count. Auto-enrolment means at least 8% of qualifying earnings goes into your pension (at least 3% from the employer). Opting out gives up the employer’s money; at this rate a 5% contribution costs you only £1,872 a year in take-home.
FAQ
£24 an hour is how much a year?
At 37.5 hours a week for 52 weeks, £24 an hour is £46,800 a year before tax. At 40 hours a week it is £49,920, at 30 hours £37,440 and at 20 hours £24,960.
What is £24 per hour as an annual salary after tax?
In 2026/27 a full-time £24 an hour job (37.5 h/week) leaves £37,216 a year after £6,846 income tax and £2,738 National Insurance in England, Wales and Northern Ireland, or £36,424 in Scotland. That is £19.08 an hour after tax.
How much is £24 an hour per month after tax?
About £3,101 a month on 37.5 hours a week (£3,289 on 40 hours) in England, Wales and NI. With a Plan 2 student loan it is £2,971; in Scotland £3,035.
Is £24 an hour a good wage in the UK?
£24 is 89% above the £12.71 National Living Wage and 15% above the £20.81 median hourly pay for full-time employees (ONS ASHE, April 2026, provisional).
How much is £24 an hour part-time?
At 20 hours a week £24 is £24,960 a year (£1,791 a month after tax); at 30 hours it is £37,440 (£2,540 a month), in England, Wales and NI for 2026/27.
How do I convert hourly pay to an annual salary in the UK?
Multiply the hourly rate by hours per week, then by 52. For a 37.5-hour week that is the rate × 1,950; for 40 hours, × 2,080. Paid holiday is included because the 52 weeks assume holiday is paid at your normal rate.
Estimates for the 2026/27 tax year (6 April 2026 – 5 April 2027): tax code 1257L, NI category A, under State Pension age, 52 paid weeks, no other income. Payslips are calculated each pay period and may differ by a few pounds.
Income tax, NI and student loan thresholds: GOV.UK “Rates and thresholds for employers 2026 to 2027”; Scottish bands: gov.scot Scottish Income Tax 2026 to 2027.
Minimum wage: GOV.UK “National Minimum Wage and National Living Wage rates” (from 1 April 2026: 21+ £12.71, 18–20 £10.85, under 18 and apprentice £8.00).
Median pay: ONS “Employee earnings in the UK: 2026” (ASHE, provisional, published 22 October 2026) — full-time median hourly pay excluding overtime £20.81, median weekly £811.20.
Prices in “what it buys” are rounded illustrative examples, not official statistics. Data as of 2026-11-03.
Got a different rate, bonus or pension?
Put your exact pay, student loan plan and pension into the UK take-home pay calculator for 2026/27.