How Hourly to Salary Conversion Works
The standard formula is straightforward: hourly rate × hours per week × paid weeks per year = annual gross salary. For a full-time UK worker on £15/hour: 15 × 40 × 52 = £31,200 per year.
Common Hourly to Annual Equivalents (40-hour week)
- £12.21/hour (UK NLW 2026) = £25,396/year
- £15/hour = £31,200/year
- £20/hour = £41,600/year
- £25/hour = £52,000/year
- £30/hour = £62,400/year
- £40/hour = £83,200/year
- £50/hour = £104,000/year
Salary to Hourly — Quick Reference
- £25,000/year ÷ 2,080 hours = £12.02/hour
- £35,000/year ÷ 2,080 = £16.83/hour
- £50,000/year ÷ 2,080 = £24.04/hour
- £75,000/year ÷ 2,080 = £36.06/hour
- £100,000/year ÷ 2,080 = £48.08/hour
Should I Quote Contracts in Day Rate or Hourly?
Day rates (typical for UK consultants and contractors) usually assume 7.5 productive hours per day. A £500/day contractor earns roughly £66/hour. For inside-IR35 contractors, use our IR35 Take-Home Calculator to see the difference between gross day rate and actual take-home.
Important Note: Statutory benefits (holiday pay, pension, sick pay) are not included here. UK employees receive 5.6 weeks paid leave; self-employed and most contractors do not.
Related Calculators
- Paycheck Calculator — UK PAYE and US federal take-home pay with NI / FICA, pension or 401k.
- Salary After Tax — Take-home pay for UK, Ireland, Germany, France & Spain.
- Overtime Pay Calculator — Time-and-a-half, double-time and custom multipliers for UK, US and EU.