Salary to Hourly Converter
Convert between annual salaries and hourly wages, with optional after-tax estimation.
Understanding Salary and Hourly Conversions
This tool helps you quickly convert between an **annual salary** and an **hourly wage**, and vice versa. This is particularly useful when considering new job offers, comparing different compensation structures, or simply understanding your earnings on a more granular level.
Key Inputs:
- Annual Salary: Your gross yearly income.
- Hourly Wage: Your gross earnings per hour.
- Working Hours Per Week: The average number of hours you work in a typical week. A common standard is 40 hours.
- Working Weeks Per Year: The number of weeks you work in a year. This is typically 52, but can be less if you have significant unpaid leave or seasonal work.
After-Tax Estimation (UK 20% Tax Rate):
The tool includes an optional feature to estimate your earnings after a basic UK income tax rate of 20%. Please note that this is a simplified calculation and does not account for personal allowances, higher tax brackets, National Insurance contributions, student loan repayments, or other deductions. For a precise calculation, you should consult official HMRC resources or a financial advisor.
How the Conversion Works:
- Salary to Hourly: Your annual salary is divided by the total number of working hours in a year (Working Hours Per Week × Working Weeks Per Year).
- Hourly to Salary: Your hourly wage is multiplied by the total number of working hours in a year (Working Hours Per Week × Working Weeks Per Year).
- After-Tax: If the "Estimate After Tax" option is enabled, the calculated gross amount (salary or hourly) is reduced by the specified tax percentage.