Net Hourly Pay Formula:
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This calculator determines your actual take-home hourly wage after accounting for income tax, national insurance contributions, and pension deductions for UK government employees.
The calculator uses the following formula:
Where:
Explanation: The formula calculates your true hourly earnings by accounting for all mandatory deductions and dividing by annual working hours.
Details: Understanding your net hourly wage helps with financial planning, comparing job offers, and evaluating the true value of overtime or additional work.
Tips: Enter all values in GBP/year except for hours per week. Use figures from your payslip for accuracy. All values must be positive numbers.
Q1: Where can I find these figures on my payslip?
A: Gross pay is your salary before deductions. Tax, NI, and pension amounts are shown as year-to-date figures which you can annualize.
Q2: Does this include student loan repayments?
A: No, this calculator focuses on core deductions. Add student loan repayments to your deductions if applicable.
Q3: How accurate is this for part-time workers?
A: The calculation works equally well for part-time workers - just enter your actual weekly hours.
Q4: Should I include overtime in gross pay?
A: For a true picture, include regular overtime in both gross pay and hours worked. For occasional overtime, calculate separately.
Q5: Why multiply by 52 weeks?
A: This assumes you work the same hours all year. Adjust if you have significant unpaid leave.