Question 1

How do I convert an hourly rate to a yearly salary?

Accepted Answer

Multiply the hourly rate by the hours you work a week, then by 52. At 37.5 hours a week, £15 an hour is £29,250 a year. If you work 40 hours it is £31,200.

Question 2

What is a salary of £30,000 per hour?

Accepted Answer

On 37.5 hours a week, £30,000 a year is £15.38 an hour before tax. The same salary on 40 hours a week is £14.42 an hour.

Question 3

Does a monthly salary times 12 equal the yearly salary?

Accepted Answer

Yes for salaried staff. For weekly paid staff, a year is 52 weeks, and some months contain five paydays, which is why monthly budgets from weekly pay can look uneven.

Question 4

Is holiday pay included?

Accepted Answer

For salaried jobs, yes: your salary covers the year including paid holiday. For hourly work with rolled-up holiday pay, the hourly rate already includes it, so do not add it again. Rates last checked against gov.uk on 11 October 2026.

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