We often see jobs, especially jobs paying the national living/minimum wage, advertising an hourly rate, but have you ever wondered what your annual salary would be?
Here’s a breakdown of what you’d be earning…
The below salaries are based on the National Living Wage for 21+ years, with the standard full time working hours:
Current salary until 31st March 2025
- 40 hours per week: £11.44 x 40 x 52 = £23,795 per annum (pre tax)
- 37.5 hours per week: £11.44 x 37.5 x 52 = £22,308 per annum (pre tax)
Salary from April 1st 2025
- 40 hours per week: £12.21 x 40 x 52 = £25,396 per annum (pre tax)
- 37.5 hours per week: £12.21 x 37.5 x 52 = £23,809 per annum (pre tax)
The below salaries are based on the National Living Wage for 18-20 years, with the standard full time working hours:
Current salary 31st March 2025
- 40 hours per week: £8.60 x 40 x 52 = £17,888 per annum (pre tax)
- 37.5 hours per week: £8.60 x 37.5 x 52 = £16,770 per annum (pre tax)
Salary from April 1st 2025
- 40 hours per week: £10.00 x 40 x 52 = £20,800 per annum (pre tax)
- 37.5 hours per week: £10.00 x 37.5 x 52 = £19,500 per annum (pre tax)
Work our your annual salary:
The new National Minimum Wages rates from April 1st 2025:
Rate from April 2025 | Increase (£) | Increase (%) | |
---|---|---|---|
21+ Years | £12.21 | £0.77 | 6.7% |
18-20 Years | £10.00 | £1.40 | 16.3% |
16-17 Years | £7.55 | £1.15 | 18.0% |
Apprentice Rate | £7.55 | £1.15 | 18.0% |
Accommodation Offset | £10.66 | £0.67 | 6.7% |
Current National Minimum Wage rates (From 1st April 2024 – March 31st 2025)
21 and over | 18 to 20 | Under 18 | Apprentice | ||
---|---|---|---|---|---|
£11.44 | £8.60 | £6.40 | £6.40 |
If you are currently seeking your next role and looking for support, please leave your details below and a consultant from your local branch will be in touch within 3 workings days to discuss if we can help: