Have you landed yourself a new job and want to break down your yearly salary into an hourly rate? Firstly, congratulations! I’ve set up this yearly salary to hourly wage rate calculator for the UK to help you crunch those numbers.
Calculate your hourly rate in the UK
Simply use the calculator below to work out how much you’re getting per hour. This calculator will give you an in-depth look at what you’re earning each hour regardless of your yearly salary and your individual circumstances.
Usage Guide
Here are some helpful tips on using the calculator:
- Hours Worked Per Week: Typical full-time work in the UK is counted at 37.5 hours per week. Please modify this as would be appropriate for your situation.
- Weeks Worked Per Year: There are 52 weeks in a year, so I recommend leaving that field to 52. If however you work fewer than that, or you want to deduct vacation weeks, then you can use another figure like 50.
In addition to showing the hourly wage, for your convenience, this calculator also shows the wages on a weekly and biweekly basis. The biweekly basis is useful as many people are paid every 2 weeks, and this will help you to figure out how much your paycheque will be (before taxes) in advance.
How to calculate salary to hourly in UK?
The easiest way to convert an annual salary to an hourly wage is shown below:
Hourly wage = Annual Salary ÷ 1950 hours
The typical UK work week is 37.5 hours, so if you were to work 52 weeks (or conversely get vacation pay) you would end up with 1,950 hours of work.
Let’s take an example: Wondering what £30,000 a year is in hourly terms? Take your annual salary of £30,000 and divide by 1,950 hours per year. This works out to £15.38 per hour.
Please use the calculator above to help you with other calculations.
Why calculate your hourly salary?
Most job openings advertised will typically inform you of your yearly salary. While that’s helpful year on year, it’s often much more efficient to work with per-hour numbers.
For example, knowing your rate per hour can help you plan for overtime if you need to, and can help you compare your new wage to your previous rates.
You’ll find that hourly rates are more common in retail and public-facing roles. However, it’s worth knowing that salaried roles and those paid hourly can vary in terms of how you receive money, too.
The calculator on this page simply helps you break down that big number into gross pay per day. It’s helpful for budgeting if you want to work more hours for Christmas, for example, or if you need to take sick leave, you’ll know how much money you could potentially lose.
Before You Go…
We’ve covered plenty of topics on personal finance, including on salaries! You can browse through our discussion on good salaries in London or whether £40,000 is a good wage in the UK. If you received a bonus recently or expect to receive one, you may be interested in reading how taxation works on bonuses in the UK.
