Is £24,000 a good salary in the UK?

The full-time median salary in the UK is around £37,430 (ONS ASHE 2024, full-time employees). £24,000 is roughly 36% below that figure.

How much is £24,000 per hour?

Around £12.31 per hour gross, or £10.67 per hour after tax, assuming a 37.5-hour week.

How much tax do I pay on £24,000?

On £24,000 in the UK, you pay approximately £2,286 in income tax and £914 in National Insurance.

£24,000 After Tax in the UK (2026/27)

If you earn £24,000 per year in the UK, your take-home pay is £20,800 per year — £1,733 per month, £400 per week, or £10.67 per hour after Income Tax and NI.

Net pay per month

£1,733

86.7% of gross — £20,800 per year

Income Tax

£2,286

9.5%

National Insurance

£914

3.8%

Effective rate

13.3%

of gross

Marginal rate

20%

on next £1

£24,000 after tax by pay period

Period	Gross	Tax	NI	Take-home
Yearly	£24,000	£2,286	£914	£20,800
Monthly	£2,000	£191	£76	£1,733
Weekly	£462	£44	£18	£400
Daily (260 days)	£92	£9	£4	£80
Hourly (37.5h week)	£12.31	£1.17	£0.47	£10.67

Daily assumes 260 working days. Hourly assumes a 37.5-hour week.

How your tax is calculated

£12,570 is tax-free (personal allowance). £12,571–£50,270 is taxed at the 20% basic rate. National Insurance is 8% between £12,570 and £50,270, then 2% above. Your marginal rate is 20% — every additional £1 you earn keeps roughly £0.72 after tax and NI.

What if…

£24,500 instead? Your take-home rises by roughly £60/month — see £24,500 after tax.
With a 5% pension contribution, your monthly take-home would be £1,653 but you'd save around £240 in income tax over the year.
10 hours of overtime a month at time-and-a-half would add about £148 to your monthly take-home.

Frequently asked questions

Is £24,000 a good salary in the UK?: The full-time median salary in the UK is around £37,430 (ONS ASHE 2024, full-time employees). £24,000 is roughly 36% below that figure.
How much is £24,000 per hour?: Assuming a 37.5-hour week over 260 working days, £24,000 a year is around £12.31 per hour gross, or £10.67 per hour after tax.
How much tax do I pay on £24,000?: On £24,000 a year in the UK, you would pay approximately £2,286 in income tax and £914 in National Insurance — an effective rate of 13.3%.