We have corrected an error in Data Sources and Quality under the heading Methodological changes in 2023 to 2024. The previous version read Median hourly pay for full-time employees has risen from £17.40 to £17.52. The latest findings indicate that employees in the legal and accounting activities sector earn well above the all industries average in the country. In terms of hourly rate, the average employee in this sector makes £26.32 per hour.

Employer’s National Insurance

Your employer might provide you with employment benefits, such as a company car or private healthcare, known as „benefits in kind”. If your tax code is used to collect the extra tax, you do not need to enter your benefits here. If you receive childcare vouchers as part of a salary sacrifice scheme, enter the monthly value of the vouchers that you receive into the box provided. If you contribute to a pension scheme by having a percentage of your salary deducted by your employer, enter the percentage into the „Pension contribution” field. If you know your tax code, enter it here to get a more accurate calculation of the tax you will pay.

Also, salaried employees tend to have a monthly pay period, but these pay periods can be different – e.g. bi-monthly (twice a month) – depending on what was agreed on in their employment contract. However, recent data from the Office for National Statistics (ONS) showed that between the months of January and March of 2022, the average hours worked for a full-time employee in the UK was only 36.6 hours. With this in mind, let’s calculate the hourly rate for the average UK employee. You may have noticed that the only difference between calculating your hourly rate from a monthly and annual salary is that you first had to convert your monthly salary into an annual salary (Step 1). Understanding the historical trends in average salary provides valuable insights into a region’s economic development and labour market dynamics.

The results will display both your gross income (pre-tax) and net income (take-home pay), accounting for deductions such as Income Tax, National Insurance contributions, student loan contributions, pension contributions, and more. Annual average regular earnings growth for the private sector was 6.2% in October to December 2024 (Figure 4). This was up on the previous three-month period (5.9%) and last higher in September to November 2023, when it was 6.7%. As expected, the December 2024 single-month public sector annual growth rate was strong, given the recent public sector pay rises being implemented over the past few months.

There are different rates of minimum wage depending on workers’ ages and whether they are apprentices. The government’s National Living Wage (NLW) was introduced on 1 April 2016 and applies to employees aged 23 years and over. Annual Survey of Hours and Earnings time series of selected estimates Dataset | Released 26 October 2022 Selected annual estimates of earnings teoria de dow and paid hours worked by UK employees using ASHE data from 1997 to 2022.

Employee earnings in the UK: 2022

• As has long been the case, the wage gap is smaller for workers ages 25 to 34 than for all workers 16 and older.
• More information is provided in the Measuring the data section of this bulletin.
• The latest data reveals that employees in this industry make an average hourly pay of £18.49.
• While the gender pay gap has not changed a lot since 2003, it has narrowed considerably when looking at the longer term, both among all workers 16 and older and among those 25 to 34.
• Enter the hourly rate in the Hourly Wage box, and the number of hours worked each week.

The survey was conducted among 5,098 adults and includes a subset of questions asked only for 2,048 adults who are employed part time or full time, roinvesting forex broker review from Oct. 10-16, 2022. The table below compares jobs by the average weekly hours using official UK data. Whilst salaried employees may have to work overtime hours, overtime pay is not standard.

• The latest findings reveal that employees in the human health sector earn less than the all-industry average.
• Median annual pay for full-time employees was £33,000 for the tax year ending on 5 April 2022, up 5.7% on the previous year.
• Now that we know your annual salary, we can move on to step 2 of the calculations.

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Some staffers at Elon Musk’s so-called Department of Government Efficiency are drawing robust taxpayer-funded salaries from the federal agencies they are slashing and burning, WIRED has learned. Each year, the Office of Personnel Management provides a list of pay tables for all general schedule federal employees based on the job’s location. An agency decides what pay grade the job requires, and a newly hired employee traditionally starts at step one of a given grade. Employees can move up a step within their pay grade based on good performance and longevity, according to OPM. They will be bracing themselves for a hike in payments despite the improvements in the market, as rates have edged back down. Homeowners coming to the end of their fixed rate terms will likely face „considerably higher” monthly repayments than they’re used to, she says.

Any returns or growth your investment undergoes are tax-free, as are any withdrawals. The purpose of the APS is to provide information on important social and socio-economic variables at local levels, such as labour market Forex harmonics estimates. This analysis uses the median average, which is the middle point of a range of numbers arranged in order. More quality and methodology information on strengths, limitations, appropriate uses, and how the data were created is available in our ASHE methodology and guidance and in our ASHE, Low pay and ASHE pension results QMI.

Figure 4: Low-paid employees tend to be part-time, younger, in elementary occupations and the hospitality industry

Consequently, the direct seasonal adjustment method, which allows for evolving seasonality, caused a larger than normal difference. This is supported by other similar instances, such as in January and February 2009. Total pay, bonus pay and regular pay (excluding bonuses) for each sector (a total of 27 series) are seasonally adjusted using X13-ARIMA. Percentage changes are then derived from the seasonally adjusted average pay series.

What is the gender wage gap in your metropolitan area? Find out with our pay gap calculator

Growth rates in gross weekly pay for part-time employees vary greatly by sex, with median gross weekly earnings increasing by 1.9% for men and 6.2% for women between 2021 and 2022. This is largely driven by a 1.7% reduction in mean total hours worked by part-time men. Figure 3 shows a comparison of three-month average weekly earnings real total and regular pay annual growth rates and average three-month inflation. Finally, data on the UK average salary by age per hour shows that male workers between 18 and 21 earn an average hourly pay of £12.14, while male workers aged 16 and 17 make £8.36 per hour on average. The gender pay gap is the difference in average gross hourly earnings between women and men.

Male employees in their forties in the UK earn an average yearly salary of £48,765.

AWE estimates are first published on a provisional basis and then finalised the following month. As an exception, we are working on opening up revisions further back in time. This will allow for late and updated returns we received from one business to be included, as part of improving the quality of these estimates.

In this bulletin, low and high pay are calculated using the Organisation for Economic Co-operation and Development (OECD) definitions. Low pay is defined as the value that is two-thirds of median hourly earnings and high pay is defined as the value that is 1.5 times median hourly earnings. The Annual Survey of Hours and Earnings (ASHE) collects information from employers about pay, hours and aspects such as whether pay was reduced because of absence. However, in 2021 the survey asked employers whether an employee was on furlough during the pay period of 21 April 2021 and was not supplemented by official CJRS data. Therefore, estimates of furlough in 2020 and 2021 will be on a slightly different basis.

Creative professionals and designers are increasingly expected to show strengths beyond their craft expertise and are being leveraged as strategic partners that drive brand value and overall business outcomes. The world of work is in uncharted territory—and salaries are a direct reflection of the many forces reshaping our work landscape. During the pandemic period, interpreting average earnings data was difficult. We explain the complexities of interpreting these data in our How COVID-19 has impacted the Average Weekly Earnings data blog post. There were temporary factors that we refer to as base and compositional effects. Figure 5 shows that all sectors show a relatively strong annual regular growth rate in November 2024 to January 2025.

We will publish a full explanation alongside the revisions as and when they are implemented. Low Pay Commission report 2020 Report | Released 9 December 2020 This report sets out the full analysis and evidence underpinning the LPC’s recommendations on the National Minimum Wage rates to apply from April 2021. The strengths and limitations of ASHE can be found in the Quality and Methodology Information report and the Guide to sources of data of earnings and income. There has been an increase across the rest of the distribution when comparing latest figures to 2020 and to pre-coronavirus pandemic figures in 2019.

Where one-off shocks are present in the data, these are accounted for during the seasonal adjustment process. If your overtime payments or bonuses are subject to pension contributions, tick these boxes (these apply automatically to auto-enrolment pensions). A good salary in the UK depends on various factors such as the industry, location, and individual circumstances. People earning this much make above the average salary in the UK, putting them in the 70th percentile of earners in the country and allowing them to invest into their savings accounts.