£12.50 an hour is how much a year? (UK 2026/27)

At £12.50 an hour and 37.5 hours a week, you earn £24,375 a year, £21,070 after tax (£1,756 a month take-home) in 2026/27.

£12.50/hour by weekly hours

Hours/weekYearly grossAfter taxMonthly take-home
35£22,750£19,900£1,658
37.5£24,375£21,070£1,756
40£26,000£22,240£1,853
45£29,250£24,580£2,048

£12.50/hour by pay period (37.5-hour week)

PeriodGrossAfter tax
Week£468.75£405.18
Month£2,031£1,756
Year£24,375£21,070

Set your own hours and paid weeks in the hourly wage calculator, or see the full breakdown for £24,000 after tax.

Overtime and extra hours at £12.50

RatePer hourPer extra weekly hour, per year
Standard (1×)£12.50£650
Time and a half (1.5×)£18.75£975
Double time (2×)£25.00£1,300

Extra hours are taxed at your marginal rate, not your average rate, so the take-home from overtime is lower than your usual hourly net, but overtime never pushes the tax on your existing pay higher.

Nearby rates

Frequently asked questions

What is £12.50 an hour after tax?

About £10.80 per hour after deductions at 37.5 hours a week, your gross rate of £12.50 minus the average deduction rate at this income.

Is £12.50 an hour above minimum wage?

The National Living Wage (21 and over) is £12.71 an hour from 1 April 2026, so £12.50 is below it. For 18 to 20 year olds the minimum is £10.85, for 16 and 17 year olds and apprentices £8.00.

What assumptions do the after-tax figures use?

Tax year 2026/27, England/Wales/NI, tax code 1257L, no student loan or pension. See the UK methodology.

Last updated 2026-11-04.