If you’re an apprentice
Typical salary: £6.40 per hour (£11,238 per year)
Typical earnings for a painting and decorating apprentice come in at £6.40 an hour, or £51.20 for an eight-hour day. This equates to an annual salary of £11,238, and the good news here is that this is below the income tax threshold, so you would only be liable to make some small payments towards National Insurance. As a result, you can expect to take home £10,869 a year, which is just over £900 a month – a decent amount with which to combine your studies and training.
If you’ve just qualified
Typical salary: £9.50 per hour (£16,682 per year)
Once you’ve got your basic qualifications in place, you’ll start off somewhere around the National Living Wage level, which varies slightly depending on your age. Typically, you can expect to earn around £9.50 an hour, which means £76 a day. This generates a pre-tax salary of £16,682 per annum, which comes down to £14,837 once tax and National Insurance have been deducted. This is just under £1,250 a month take-home, but as you gain experience and a good reputation, your earnings should increase quite quickly.
If you’re employed full-time
Typical salary: £16.50 per hour (£34,320 per year)
Once you’re settled into full-time employment with a painting and decorating firm, you should be able to attract a decent wage. According to Checkatrade, typical earnings for an experienced, employed painter and decorator are £16.50 per hour, or £132 per day. This would generate a pre-tax annual salary of £34,320, which is a good chunk above the national average salary. Your net earnings would be £26,831, for a take-home of more than £2,200 per month.
If you’re self-employed as a sole trader
Typical salary: £37 per hour (£54,576 per year)
If you decide to branch out and start your own painting and decorating business as a sole trader, then the earning proposition is very different. How much you earn will be dictated by how much you charge as your hourly rate, minus any business expenses you incur, from fuel and transport to materials and safety gear.
A typical self-employed painter and decorator hourly rate is £37, which translates to £296 for an eight-hour day and £54,576 a year. Once expenses, tax, and National Insurance have been deducted, you should still be left with around £36,000, or £3,000 a month take-home.
If you run a limited company
Typical salary: £48 per hour (£70,802 per year)
How much you earn running a limited company depends on whether you’re still doing the work yourself, or whether you’re employing someone to do it for you and taking a management role instead. For the purposes of simplicity, we’ll assume the former here.
The average hourly rate that a limited company would charge for painting and decorating services is £48, which works out at £384 a day. This means you could generate £70,802 a year. However, in addition to expenses and your own tax and National Insurance, you’ll also have to pay corporation tax. What you end up with as your net earnings is therefore highly variable, but within reason, your earning power is unlimited!