Updated for the current tax year (6 April 2024 to 5 April 2025)
Calculating the net hourly rate
To calculate net rate, we have used the official rates from the HMRC website and made the following assumptions:
Work Days and Bank Holidays in the Current Year
We take into account the exact number of workdays in the current year, the number of Bank Holidays in the UK, and your weekly working hours. This enables us to provide a very accurate hourly wage for the actual hours you work.
Assumptions
- England tax band rates with the default tax code '1257L'.
- National Insurance (NI) Class 1 rates (see below).
- Personal allowance (which varies based on your income).
- A five-day work week.
Note: Please use our more advanced hourly wage calculator if you'd like to to set more options, such as employment status for example.
National Insurance Rates
If you are employed, you will pay Class 1 National Insurance contributions. The rates below are the most common for most employees:
- For salaries ranging from £242 to £967 per week (£1,048 to £4,189 per month), the Class 1 rate is 8%.
- For salaries exceeding £967 per week (more than £4,189 per month), the Class 1 rate is 2%.
You'll pay Class 1 NI contribution of £1.26 per hour, or:
£9.42 per day
£45.91 per week (average)
£199.47 per month
£2,393.68 per year
Tax Rates (England)
| Band | Taxable income | Tax rate |
|---|---|---|
| Personal Allowance | Up to £12,570 | 0% |
| Basic rate | £12,571 to £50,270 | 20% |
| Higher rate | £50,271 to £125,140 | 40% |
| Additional rate | over £125,140 | 45% |
You'll pay taxes of £3.14 per hour, or:
£23.56 per day
£114.77 per week (average)
£498.68 per month
£5,984.20 per year
Salaries Within This Range
Disclaimer: Although the calculations are quite accurate, please use the provided information for illustrative purposes only. Do not make any major financial decisions without consulting a qualified specialist.