£12.71 an hour is £24,785 a year before tax: 37.5 hours a week over 52 weeks. That is £21,364 a year after Income Tax and National Insurance, or £1,780 a month. A 40-hour week is £26,437 a year, or £22,554 after tax.
Both figures are editable. Annual pay and take-home follow from them.
Take-home a year£21,364
Gross
£24,785
Income Tax
£2,443
National Insurance
£977
Take-home a month
£1,780
Effective rate
13.8%
Marginal rate
28%
Of £24,784.50 gross a year: Income Tax £2,442.90, National Insurance £977.16, Take-home £21,364.44.
Your next £1,000 keeps £720.00, a 28% marginal rate.
Saving £90 a month, about 5% of this take-home, becomes £5,956.11 in five years at an example 4%. Try the savings calculator.
2026/27 rates, England, Wales and Northern Ireland, no student loan. Open the full calculator to change region, student loan or pension method.
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Estimated take-home pay
Hourly rate£12.71
Gross annual salary£24,785
Monthly take-home£1,780
Weekly take-home£411
£24,785 on a 1257L tax code in England/Wales/Northern Ireland, 2026/27: no pension, no student loan, without postgraduate loan, no bonus, and no other income. The Personal Allowance taper is applied on incomes high enough for it. A real payslip can differ.
Hourly calculation details
Value
Working
Gross pay annualised from hourly rate
£12.71 x 37.5 hours x 52 weeks = £24,785
£12.71 x 37.5 hours x 52 weeks = £24,785
Selected hours per week
37.5
The weekly hours used to annualise the hourly rate.
Annual salary at 37.5 hours
£24,785
Gross annual salary if the hourly rate is worked for 37.5 hours each week.
Annual salary at 40 hours
£26,437
Gross annual salary if the hourly rate is worked for 40 hours each week.
At £12.71 an hour and 37.5 hours a week, a full year comes to £24,785 gross and about £21,364 after Income Tax and National Insurance. Each hour worked is therefore worth roughly £10.96 in the bank rather than the £12.71 on the contract.
One extra hour a week at this rate is £661 a year gross. Whether that is worth it depends on the band the extra pay falls into: this salary sits £25,485 below the £50,270 higher-rate threshold, so the first £25,485 a year of overtime is taxed at the basic rate.
What changes this result
What changes this result
Student loan threshold
Of the undergraduate plans, Plan 5 starts at £25,000, £215 above this salary, and Plan 2 at £29,385. Which of those you are on starts to matter above £25,000, the lowest undergraduate threshold.
Universal Credit taper
If you claim Universal Credit, earnings above the work allowance reduce the award by 55p in the pound, which changes the real value of a pay rise at this level far more than tax does.
Every 2026/27 minimum rate
The legal minimum depends on age and whether you are an apprentice. Employers must pay at least these rates for every hour worked; the rate changes each April.
21 and over: £12.71 an hour (National Living Wage), £24,785 a year at 37.5 hours.
18 to 20: £10.85 an hour (National Minimum Wage), £21,158 a year at 37.5 hours.
Under 18: £8.00 an hour (National Minimum Wage), £15,600 a year at 37.5 hours.
Apprentices under 19, or in the first year of an apprenticeship: £8.00 an hour (Apprentice rate). Other apprentices are owed the rate for their age.
Last updated 2026-10-28. Maintained by Sean Elsmore. Rates last checked against GOV.UK on 2026-09-02. Estimates are for planning and should be checked against official records where the decision matters.