£13 Per Hour Salary Breakdown
Annual Salary at £13 per hour
Working a standard 37.5 hour week at £13 per hour equates to a gross annual salary of £25,350.
Calculation: £13 × 37.5 hours × 52 weeks = £25,350.
Tax on £13 per hour
Your annual income of £25,350 is well above the tax-free Personal Allowance of £12,570. You will pay 20% Income Tax on the taxable difference (£12,780), which amounts to approximately £2,556 per year.
National Insurance
Since your income exceeds the National Insurance threshold, you will also pay Class 1 NI contributions (currently 8% on earnings between £12,570 and £50,270).