£24 an hour is how much a year?
At 37.5 hours a week, £24 an hour is £46,800.00 a year before tax. After income tax and National Insurance in 2026/27, you take home £3,101.30 a month. These figures assume England, Wales or Northern Ireland, with no pension or student loan.
Full-time and part-time hours
What £24 an hour comes to for different working weeks:
| Hours a week | Yearly pay | Take-home per month | Take-home per week |
|---|---|---|---|
| 16 hours | £19,968.00 | £1,491.38 | £344.16 |
| 20 hours | £24,960.00 | £1,790.90 | £413.28 |
| 25 hours | £31,200.00 | £2,165.30 | £499.68 |
| 30 hours | £37,440.00 | £2,539.70 | £586.08 |
| 35 hours | £43,680.00 | £2,914.10 | £672.48 |
| 37.5 hours | £46,800.00 | £3,101.30 | £715.68 |
| 40 hours | £49,920.00 | £3,288.50 | £758.88 |
These figures assume 52 paid weeks a year, including paid holiday. Under about 10 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: £46,800 − £12,570 = £34,230.
- Basic rate (20%): £34,230.00 × 20% = £6,846.00.
- National Insurance: 8% of £34,230.00 (earnings between £12,570 and £50,270) = £2,738.40.
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 | £3,101.30 | - |
| 5% pension taken before tax | £2,945.30 | −£156.00 |
| 5% pension by salary sacrifice | £2,960.90 | −£140.40 |
| Plan 2 student loan | £2,970.69 | −£130.61 |
| Plan 5 student loan | £2,937.80 | −£163.50 |
| 5% pension and Plan 2 loan | £2,814.69 | −£286.61 |
Worth knowing
- That's £11.29 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.
- You're £3,470 below the 40% higher-rate threshold of £50,270. Regular overtime could take you over it.
- In Scotland the same hours take home £3,035.30 a month, which is £66.00 less than in the rest of the UK.
- For pension and student loan figures on a similar salary, see £47,000 after tax.
Enter your own hours, pension or student loan.
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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.