£18 Per Hour Salary Breakdown
Annual Salary at £18 per hour
Assuming a standard 37.5 hour working week, earning £18 per hour equates to a gross annual salary of £35,100.
Calculation: £18 × 37.5 hours × 52 weeks = £35,100.
Tax on £18 per hour
On an annual salary of £35,100, you are earning well above the Personal Allowance. You will pay 20% Income Tax on the taxable portion of approximately £22,530, which results in roughly £4,506 in tax per year.
Is £18/hr a good wage?
£18 per hour puts you close to the UK median salary. It is a solid wage that offers financial stability and places you securely in the Basic Rate tax band, well below the Higher Rate threshold.