How to Use the Hourly to Salary Calculator
The Hourly to Salary Calculator converts between an hourly wage and annual salary in both directions. Whether you're comparing job offers, calculating your equivalent hourly rate from a salaried role, or planning a career change, this tool gives you an instant accurate conversion.
Enter your hourly rate and weekly hours (or your annual salary and typical hours) to see the full breakdown: hourly, daily, weekly, fortnightly, monthly, and annual figures. You can also adjust for the number of paid weeks per year and whether overtime is included.
A key nuance is paid leave: a £15/hour wage for 40 hours/week over 52 weeks is £31,200, but if you're paid for only 47 weeks (5 weeks unpaid holiday), your actual annual income is £28,200. Many freelancers and contractors forget to account for unpaid leave when comparing themselves to employed peers.
📊 Worked Example
£18/hour, 37.5 hours/week, 52 paid weeks:
- Daily rate (7.5 hrs): £135
- Weekly: £675
- Monthly: £2,925
- Annual: £35,100
Common Use Cases
- ✅ Comparing an hourly rate job offer with a salaried position
- ✅ Working out your equivalent hourly rate from your annual salary
- ✅ Calculating your daily rate for freelance or contract work
- ✅ Understanding how overtime at time-and-a-half affects annual earnings
- ✅ Comparing part-time vs full-time earnings at the same hourly rate
- ✅ Converting a salary offer into comparable hourly rates across currencies
Frequently Asked Questions
How do I convert an hourly wage to annual salary?
Multiply your hourly rate × hours per week × weeks worked per year. For a standard full-time job: £15/hour × 40 hours × 52 weeks = £31,200/year. If you take unpaid leave, use 47 or 48 paid weeks instead of 52.
What is a good hourly rate in the UK in 2025?
The UK National Living Wage is £12.21/hour (2025/26) for workers aged 21+. The Real Living Wage (voluntary) is £12.60 nationally and £13.85 in London. Average UK full-time hourly earnings are around £18–£20/hour. What's 'good' depends on your sector, location, and experience.
How does the hourly to salary conversion differ for part-time workers?
Simply use your actual weekly hours. A part-timer working 20 hours/week at £16/hour earns £16,640/year. This is exactly half of a full-time worker at the same rate (assuming no premium for part-time). Many part-time roles have the same hourly rate as full-time equivalents.
Should freelancers charge more than their equivalent employed hourly rate?
Yes, significantly more. As a freelancer you pay both employee and employer National Insurance, fund your own pension, holiday, sick pay, equipment, insurance, and non-billable time (admin, marketing, downtime). A freelancer needing a £35,000 equivalent take-home typically needs to charge £50–£70/hour.
What is a day rate and how is it calculated?
A day rate is your compensation for one working day, used by contractors and freelancers. It's typically calculated as Annual Day Rate = Annual Salary ÷ Number of Working Days (usually 220–252 days after holidays and weekends). A £40,000 salary ÷ 232 working days = £172/day.