Hourly to Yearly Salary Calculator

About the Hourly to Yearly Salary Calculator

How the Calculation Works

Multiply your hourly rate by your weekly hours, then by 52 weeks to get an annual salary. Based on 40 hours/week: hourly × 40 × 52 = yearly.

Comparing Contracts

• £12/hour full time = £24,960/year
• £15/hour full time = £31,200/year
• £20/hour full time = £41,600/year
• £25/hour full time = £52,000/year

Freelance and Contract Rates

Freelancers typically need a higher hourly rate than employees to account for no holiday pay, no sick pay, no pension contributions, and periods without work. A common rule of thumb is to multiply the equivalent employee rate by 1.3–1.5.

Common Use Cases

• Comparing an hourly contract to a salaried role
• Calculating annual income for a mortgage or rental application
• Understanding annual equivalent of a part-time or freelance rate
• Planning annual budget from an hourly pay rate