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2025/26 Tax Year

£120 Per Hour Salary

Calculate your annual salary and take-home pay on £120 per hour.

Based on 37.5 hours per week

£234,000
Annual Salary
£135,806
Annual Take-Home
£11,317
Monthly Take-Home
£2,612
Weekly Take-Home

£120/Hour by Working Hours

Hours/WeekAnnual SalaryAnnual Take-HomeMonthlyWeekly
Part-time (20hrs)£124,800£77,981£6,498£1,500
Reduced (30hrs)£187,200£111,002£9,250£2,135
Standard (35hrs)£218,400£127,538£10,628£2,453
Full-time (37.5hrs)£234,000£135,806£11,317£2,612
Full-time (40hrs)£249,600£144,074£12,006£2,771

Customise Your Calculation

Enter Your Hourly Rate

Calculate your annual salary for 2025/26

£/hour

Use 52 for full year including paid holiday

Your Take-Home Pay

£120 × 37.5hrs × 52 weeks

£234,000
Annual Gross Salary
Monthly Take-Home
£11,317.20
Yearly Take-Home
£135,806
Income Tax-£91,503/yr
National Insurance-£6,691/yr
Total Deductions-£98,194/yr
Effective Hourly Rate
After tax and NI
£69.64/hr

Frequently Asked Questions

How much is £120 per hour annually?

£120 per hour equals £234,000 per year (based on 37.5 hours per week, 52 weeks). After tax, your take-home pay would be approximately £135,806 per year or £11,317 per month.

What is the take home pay on £120 an hour?

On £120/hour (37.5 hours/week), your take-home pay after tax and National Insurance is approximately £135,806 per year, £11,317 per month, or £2,612 per week.

Is £120 per hour a good wage in the UK?

£120/hour equates to an annual salary of £234,000. The UK National Living Wage (for 21+) is £12.21/hour from April 2025. The average UK hourly wage is around £18-20/hour. £120/hour is above average and considered a good wage.