After Tax Calculator
Where Your Money Goes
Full Breakdown: £15,000 Salary
| Deduction | Annual | Monthly | Weekly |
|---|---|---|---|
| Gross Salary | £15,000.00 | £1,250.00 | £288.46 |
| Income Tax | £486.00 | £40.50 | £9.35 |
| National Insurance | £194.40 | £16.20 | £3.74 |
| Take-Home Pay | £14,319.60 | £1,193.30 | £275.38 |
Understanding Your £15,000 Salary After Tax
If you earn £15,000 per year in the UK, your employer will deduct £486.00 in income tax and £194.40 in National Insurance contributions during the 2025/26 tax year. This leaves you with a net take-home pay of £14,319.60 annually. Use our after tax calculator to adjust for pension and student loan deductions.
Your Daily Spending Power
On a £15,000 salary, your take-home works out to £55 per working day and approximately £7 per hour (based on a standard 37.5-hour working week across 260 working days). To put this in everyday terms, your daily net earnings equate to roughly 12 cups of coffee or 7 shop-bought lunches. Understanding your true hourly rate after tax helps when evaluating overtime offers, freelance opportunities, or deciding whether a side project is financially worthwhile.
Building Financial Security
Financial planners recommend holding 3-6 months of essential expenses as an emergency fund. Based on your £1,193 monthly take-home, that's between £3,580 and £7,160. Saving 15% of your net pay (£179/month) would build a 3-month emergency fund in roughly 20 months. Once your emergency fund is established, redirect that savings habit into longer-term investments — an ISA or pension — where compound growth amplifies every pound saved.
Mortgage Affordability on £15,000
UK mortgage lenders typically offer 4.5 times your gross salary as a maximum loan. On £15,000, that gives you borrowing power of approximately £67,500. With a 10% deposit of £6,750, you could purchase a property worth up to £74,250. At current interest rates (around 5.5%), monthly repayments on this mortgage would be roughly £309 — representing 26% of your £1,193 monthly take-home pay. Financial advisers generally recommend keeping mortgage payments below 28-33% of net income.
Student Loan Repayments at £15,000
If you have a student loan, repayments are deducted at 9% of earnings above your plan's threshold. On Plan 2 (post-2012 graduates), at £15,000 you'd repay £0/year (£0/month) above the £27,295 threshold. On Plan 1 (pre-2012), repayments would be £0/year above the £22,015 threshold. Plan 2 loans are written off after 30 years — if your salary stays around £15,000, calculate whether you'd clear the balance before then or whether repayments are effectively an additional tax.
Compared to the National Living Wage
The National Living Wage (£11.44/hr in 2024/25) produces an annual gross salary of approximately £22,308 for full-time work, with a take-home around £19,581. Your £15,000 salary gives you -27% more spending power — an additional £-438 per month after tax. This differential reflects the value premium placed on your skills, experience, or qualifications. Even modest salary growth compounds significantly over a career.
For comparison: someone earning £50,000 per year takes home £39,520.
Monthly & Weekly Take-Home
Your £15,000 salary breaks down to £1,193.30 per month, £275.38 per week, or £55.08 per working day. If you work a standard 37.5-hour week, that's approximately £6.88 per hour after tax.
Frequently Asked Questions
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