£20.50 an hour is how much a year? (UK 2026/27)
£20.50/hour by weekly hours
| Hours/week | Yearly gross | After tax | Monthly take-home |
|---|---|---|---|
| 35 | £37,310 | £30,383 | £2,532 |
| 37.5 | £39,975 | £32,302 | £2,692 |
| 40 | £42,640 | £34,220 | £2,852 |
| 45 | £47,970 | £38,058 | £3,172 |
£20.50/hour by pay period (37.5-hour week)
| Period | Gross | After tax |
|---|---|---|
| Week | £768.75 | £621.18 |
| Month | £3,331 | £2,692 |
| Year | £39,975 | £32,302 |
Set your own hours and paid weeks in the hourly wage calculator, or see the full breakdown for £40,000 after tax.
Overtime and extra hours at £20.50
| Rate | Per hour | Per extra weekly hour, per year |
|---|---|---|
| Standard (1×) | £20.50 | £1,066 |
| Time and a half (1.5×) | £30.75 | £1,599 |
| Double time (2×) | £41.00 | £2,132 |
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 £20.50 an hour after tax?
About £16.56 per hour after deductions at 37.5 hours a week, your gross rate of £20.50 minus the average deduction rate at this income.
Is £20.50 an hour above minimum wage?
The National Living Wage (21 and over) is £12.71 an hour from 1 April 2026, so £20.50 is at or above 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.