£20 Per Hour Salary Breakdown
Annual Salary at £20 per hour
Based on a standard 37.5 hour working week, a wage of £20 per hour results in a gross annual salary of approximately £39,000.
Calculation: £20 × 37.5 hours × 52 weeks = £39,000.
Tax on £20 per hour
At an annual salary of £39,000, you are well above the Personal Allowance (£12,570). You will pay 20% Income Tax on the remaining £26,430, which amounts to roughly £5,286 per year.
Is £20/hr a good wage?
Yes, £20 per hour is a strong wage. It equates to £39k annually, which is significantly higher than the UK median salary. It provides a comfortable income while keeping you below the Higher Rate tax threshold of £50,270.