How to interpret the result
Contractual hourly equivalent spreads gross annual pay across scheduled paid hours. Use it for a like-for-like pay conversion.
Effective hourly value divides cash pay plus any benefits you enter by hours physically worked. It excludes paid leave from worked hours and includes regular unpaid overtime. It is useful for comparing offers, but it is not a contractual wage.
Every result is gross. UK take-home pay cannot be represented by a flat 20% deduction because Income Tax uses allowances and bands, while National Insurance and personal deductions also vary. Use the GOV.UK Income Tax estimator for a current estimate.
