Salary Calculator
Convert your salary between yearly, monthly, weekly, daily, and hourly rates. See your take-home pay after tax.
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What Is a Salary Calculator?
A salary calculator converts your annual pay into monthly, weekly, daily, and hourly rates. Enter your gross salary and working hours to get an instant breakdown. Use these figures to compare job offers or verify your payslip.
Most UK employees work 37.5 hours per week across 52 weeks per year. Part-time workers and contractors can adjust the hours and weeks fields to match their actual schedule. The calculator accounts for different working patterns when producing the breakdown.
Know your hourly rate to evaluate overtime offers and side work. A £35,000 salary equals £17.95 per hour at 37.5 hours per week. Any overtime or freelance work paying less than this rate reduces your effective earnings.
How Do You Use This Salary Calculator?
Enter your annual salary and your working hours per week. Click Calculate to see the breakdown across yearly, monthly, weekly, daily, and hourly rates.
- Enter your gross annual salary in pounds.
- Set your standard working hours per week (37.5 is the UK default).
- Click Calculate to generate the full pay breakdown.
- Review monthly, weekly, daily, and hourly equivalents.
- Adjust the salary figure to compare different job offers.
- Check the tax breakdown to see estimated take-home pay.
How Does the Salary Calculator Formula Work?
The formula used: Hourly = Annual / (Working weeks × Hours per week). Monthly = Annual / 12
The salary breakdown uses straightforward division to convert an annual figure into shorter time periods.
Monthly = Annual / 12
Weekly = Annual / 52
Daily = Annual / 260 (based on 52 weeks × 5 working days)
Hourly = Annual / (52 × Hours per week)
These formulas assume paid holidays are included in the annual salary. For contractors paid by the hour, multiply the hourly rate by working hours per year to find the annual equivalent.
What Are Some Example Calculations?
An annual salary of £35,000 with 37.5 hours/week: Monthly = £2,916.67. Weekly = £673.08. Daily = £134.62. Hourly = £17.95.
£28,000 annual salary at 40 hours per week
Monthly = 28000/12. Weekly = 28000/52. Daily = 28000/260. Hourly = 28000/(52×40)
Monthly = £2,333.33. Weekly = £538.46. Daily = £107.69. Hourly = £13.46.
£55,000 annual salary at 37.5 hours per week
Monthly = 55000/12. Weekly = 55000/52. Daily = 55000/260. Hourly = 55000/(52×37.5)
Monthly = £4,583.33. Weekly = £1,057.69. Daily = £211.54. Hourly = £28.21.
£18 per hour contractor rate at 35 hours per week
Weekly = 18 × 35 = 630. Monthly = 630 × 52/12. Annual = 630 × 52
Weekly = £630.00. Monthly = £2,730.00. Annual equivalent = £32,760.00.
When Should You Use a Salary Calculator?
Use this calculator when evaluating a job offer to understand exact monthly take-home pay. Convert the quoted annual salary into hourly rate and compare it against your current earnings. Run both salaries through the calculator side by side.
Freelancers and contractors should use this calculator to set day rates. Convert your target annual income into an hourly figure, then add 20-30% to cover unpaid holidays, sick days, pension contributions, and business costs that employers normally cover.
What Do These Terms Mean?
How Do the Options Compare?
| Tax Band | Taxable Income (2025/26) | Rate | Tax on Band |
|---|---|---|---|
| Personal Allowance | £0 - £12,570 | 0% | £0 |
| Basic Rate | £12,571 - £50,270 | 20% | Up to £7,540 |
| Higher Rate | £50,271 - £125,140 | 40% | Up to £29,948 |
| Additional Rate | Over £125,140 | 45% | Varies |
What Are the Best Tips to Know?
- Compare job offers using the hourly rate rather than the annual figure to account for different working hours.
- Add employer pension contributions to the total package value before comparing offers.
- Freelancers: multiply your equivalent hourly rate by 1.25 to account for unpaid holidays and sick days.
- Check your payslip monthly to verify the gross-to-net deductions match your tax code.
- Use the hourly rate as a baseline when negotiating overtime or freelance side work.
What Mistakes Should You Avoid?
- Comparing gross salaries without accounting for different pension contribution rates between employers.
- Forgetting that a higher salary may push income into the next tax band, reducing the net gain.
- Using 365 days instead of 260 working days when calculating the daily rate.
- Ignoring benefits such as health insurance, car allowance, and bonus schemes when comparing total compensation.
Frequently Asked Questions
How do I calculate my hourly rate from my salary?
Divide your annual salary by 52 (weeks) and then by your weekly hours. For example, £30,000 / 52 / 37.5 = £15.38 per hour.
How many working days are in a year?
The UK has approximately 252 working days per year (365 days minus 104 weekend days minus 8 bank holidays, plus one for the additional bank holiday in some years).
Does this include tax deductions?
This calculator shows gross salary breakdowns. For net (take-home) pay, you would need to account for Income Tax and National Insurance deductions based on your tax code.
What is the UK minimum wage in 2025/26?
The National Living Wage for workers aged 21 and over is £12.21 per hour from April 2025. At 37.5 hours per week, this equates to £23,809.50 per year.
How much tax will I pay on a £40,000 salary?
On £40,000 gross: £12,570 is tax-free. The remaining £27,430 is taxed at 20%, giving £5,486 in Income Tax. National Insurance at 8% on £27,430 adds £2,194.40. Total deductions = £7,680.40. Take-home = £32,319.60.
What is the personal allowance for 2025/26?
The personal allowance is £12,570. Earn up to this amount tax-free. The allowance reduces by £1 for every £2 earned above £100,000, reaching zero at £125,140.
How do I convert a day rate to annual salary?
Multiply the day rate by 260 (working days per year) for gross comparison. A £350 day rate equals £91,000 annually. Contractors should subtract 20-30% for holidays, sick days, and pension to compare with permanent roles.
Does salary sacrifice reduce my tax?
Yes. Salary sacrifice arrangements (such as pension contributions or cycle-to-work schemes) reduce your taxable income. A £2,000 salary sacrifice saves £400 in tax for a basic rate taxpayer and £800 for a higher rate taxpayer.
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