GLOBAL BUSINESS WEEK 2025 (Only for Leaders)

Tuesday, 29 October 2024

Salary in the UK 2024

Salary Structure in the UK

In the United Kingdom, the minimum wage is reviewed annually on April 1. Wage rates vary by age and also include a specific category for apprentices who are combining work and study, like university students completing their first year of internship at a British company.

UK Minimum Wage by Age

Age GroupRate (GBP per hour)
16-17 years   £6.40
18-20 years   £8.60
21 years and older   £11.44
Apprentice (students)   £6.40

Average Annual Salaries by Sector (Including Taxes and Bonuses)

The table below shows the average annual salary across various sectors in England, based on data from a survey by the UK’s Office for National Statistics.

IndustryAverage Annual Salary (GBP)
Financial Services     £35,500
Information Technology     £35,100
Construction     £30,208
Manufacturing     £29,797
Retail     £24,300
Education     £24,100

Average Monthly Salary by City

Salaries in the UK vary significantly by location, with London offering the highest wages.

CityAverage Monthly Salary (GBP)
London            £3,000-£4,000
Edinburgh            £2,630
Bristol            £2,540
Cardiff            £2,500
Leeds            £2,405
Glasgow            £2,400
Portsmouth            £2,300

Income Tax Rates in the UK (2024)

The UK applies a progressive income tax structure, with tax rates increasing as income rises. Tax-free allowance is available on income up to £12,570 per year.

Annual Income (GBP)Tax Rate (%)
Up to £12,570       0%
£12,571 - £50,270      20%
£50,271 - £125,139      40%
Above £125,139      45%

Cost of Living in the UK

Living costs in the UK, particularly in cities like London, Bristol, and Brighton, are relatively high.

Expense CategoryMonthly Cost (GBP)
Rent (one-bedroom, central)        £1,000-£1,800
Utilities        £200-£300
Groceries        £200-£300 (per person)
Public Transportation        £60-£70
Personal Transport (car)        £150-£350
Internet/Mobile        £40-£50
Clothing and Leisure        £500-£700

Frequently Asked Questions about Salaries in the UK

What is the average salary in England?
The average monthly salary before taxes in England in 2024 is approximately £2,700.

What is the average salary in Scotland?
The average monthly salary before taxes in Scotland in 2024 is approximately £2,400.

What is the minimum wage in the UK?
The official minimum wage in the UK ranges from £6.40 to £11.44 per hour, depending on age and employment status.

Which jobs are the highest-paying in the UK?
Top-paying professions in the UK include roles such as Chief Executive Officers (CEOs), doctors, and lawyers.

Which jobs are the lowest-paying in the UK?
Jobs such as cleaners, waitstaff, kitchen assistants, loaders, sales assistants, and housekeeping staff are among the lowest-paying in the UK.

What is the average salary for programmers in the UK?
The average annual salary for programmers in the UK is around £35,000.

How much is income tax in England?
Income tax rates in England depend on annual income, ranging from 0% (for income up to £12,570) to 45% (for income over £125,139).

What is the average salary in London?
The average salary in London in 2024 is around £4,000 per month.