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Hourly to annual salary and pay rise calculator

Repo-linked (EBLR): your rate rises by the same 0.25% at the next reset date, unless your lender holds back some of it. Resets happen at least once every three months, so expect the change within about three months of 7 October.
MCLR-linked: your lender's own cost of funds drives the rate and it resets on its own date, often every six or twelve months. The effect arrives later and may be smaller. Our guide to [[blog:eblr-vs-mclr-home-loan|EBLR and MCLR]] explains the difference.
Fixed rate: nothing changes until the fixed period ends.

Turn an hourly, daily or monthly pay into a yearly salary, and see what a pay rise puts in your pocket after tax.

Take-home uses 2026/27 rates, England, Wales and Northern Ireland, tax code 1257L, no student loan or pension.

Common questions

How do I turn an hourly rate into a yearly salary?

Multiply by the hours you work each week, then by the paid weeks in a year.

How much of a pay rise do I keep?

It depends on your tax band. Basic rate taxpayers keep about 72p of each extra pound after income tax and National Insurance.