£23 an hour is how much a year?
At 37.5 hours a week, £23 an hour is £44,850.00 a year before tax. After income tax and National Insurance in 2026/27, you take home £2,984.30 a month. These figures assume England, Wales or Northern Ireland, with no pension or student loan.
Full-time and part-time hours
What £23 an hour comes to for different working weeks:
| Hours a week | Yearly pay | Take-home per month | Take-home per week |
|---|---|---|---|
| 16 hours | £19,136.00 | £1,441.46 | £332.64 |
| 20 hours | £23,920.00 | £1,728.50 | £398.88 |
| 25 hours | £29,900.00 | £2,087.30 | £481.68 |
| 30 hours | £35,880.00 | £2,446.10 | £564.48 |
| 35 hours | £41,860.00 | £2,804.90 | £647.28 |
| 37.5 hours | £44,850.00 | £2,984.30 | £688.68 |
| 40 hours | £47,840.00 | £3,163.70 | £730.08 |
These figures assume 52 paid weeks a year, including paid holiday. Under about 10.5 hours a week at this rate, you earn less than the £12,570 tax-free allowance, so no income tax is due.
How it's worked out at 37.5 hours
- Tax-free Personal Allowance: £12,570.
- Taxable income: £44,850 − £12,570 = £32,280.
- Basic rate (20%): £32,280.00 × 20% = £6,456.00.
- National Insurance: 8% of £32,280.00 (earnings between £12,570 and £50,270) = £2,582.40.
With a pension or student loan
Monthly take-home at 37.5 hours a week:
| Take-home per month | Change | |
|---|---|---|
| Income tax and NI only | £2,984.30 | - |
| 5% pension taken before tax | £2,834.80 | −£149.50 |
| 5% pension by salary sacrifice | £2,849.75 | −£134.55 |
| Plan 2 student loan | £2,868.31 | −£115.99 |
| Plan 5 student loan | £2,835.43 | −£148.87 |
| 5% pension and Plan 2 loan | £2,718.81 | −£265.49 |
Worth knowing
- That's £10.29 an hour above the 2026/27 National Living Wage of £12.71.
- Overtime is taxed in the same way as normal pay. In a month with a lot of overtime, more tax and National Insurance come off that payslip, because payroll works them out each pay period.
- In Scotland the same hours take home £2,954.05 a month, which is £30.25 less than in the rest of the UK.
- For pension and student loan figures on a similar salary, see £45,000 after tax.
Enter your own hours, pension or student loan.
Open in the calculatorOther hourly rates
All hourly rates · Salaries after tax
Sources: Income Tax rates, Scottish Income Tax, rates and thresholds for employers 2026 to 2027 (National Insurance and student loans) and National Minimum Wage rates, all on GOV.UK.