How Much Do Tradespeople Earn a Year?

Tradespeople are the backbone of our economy, ensuring that our homes, offices, and public spaces function smoothly and safely. In the UK, the demand for skilled tradespeople continues to rise, and with it, the potential for lucrative earnings. But just how much do tradespeople earn in a year? 

Let's dive into the average salaries for various trades in the UK in 2024, explore what these trades entail, and discuss how tradespeople can boost their earnings. We'll also provide some insights into trade insurance and why Rhino Trade Insurance is the go-to choice for cover.

Average Salaries for Various Trades in the UK in 2024

Electricians

Electricians manage the installation, maintaining, and repairing of electrical systems in homes, businesses, and factories. They work with wiring, circuit breakers, transformers, and other electrical components.

• Average Salary: £33,000 - £45,000 per year
• Top Earners: Over £50,000 per year

Electricians often work on a variety of projects, from residential rewiring to commercial electrical installations. The complexity and safety risks associated with electrical work contribute to their higher earning potential.

Plumbers

Plumbers install, repair and maintain water supplies, waste disposal and related water systems and fixtures to keep homes and businesses running smoothly.

• Average Salary: £30,000 - £40,000 per year
• Top Earners: Over £45,000 per year

Plumbers can earn more by specialising in areas like gas fitting or renewable energy systems, such as solar water heating.

Carpenters and Joiners

Carpenters and joiners construct and repair building frameworks/ structures such as stairways, door frames, partitions, and rafters. They also install kitchen cabinets, siding, and drywall.

• Average Salary: £28,000 - £38,000 per year
• Top Earners: Over £40,000 per year

Custom furniture makers and those working on high-end projects can command higher wages due to their specialised skills and attention to detail.

Bricklayers

Bricklayers build and repair walls, foundations, chimneys, and other structures made from bricks, blocks, and other materials.

• Average Salary: £25,000 - £35,000 per year
• Top Earners: Over £40,000 per year

Experienced bricklayers can increase their earnings by working on large-scale commercial projects or by taking on supervisory roles.

Plasterers

Plasterers apply plaster to walls and ceilings, giving a smooth finish to interior spaces and protective coatings to exterior walls.

• Average Salary: £24,000 - £34,000 per year
• Top Earners: Over £37,000 per year

Plasterers with expertise in decorative plasterwork or restoration can charge premium rates for their services.

Painters and Decorators

Painters and decorators apply paint, wallpaper, and other finishing touches to the interior and exterior surfaces of buildings.

• Average Salary: £22,000 - £32,000 per year
• Top Earners: Over £35,000 per year

Specialising in high-end or intricate projects, such as murals or bespoke designs, can significantly boost a painter and decorator's income.

Heating, Ventilation, and Air Conditioning (HVAC) Technicians

HVAC technicians install, maintain, and repair heating, ventilation, and cooling systems in properties around the country.

• Average Salary: £30,000 - £42,000 per year
• Top Earners: Over £45,000 per year

Those with certifications in advanced HVAC systems, such as green technologies or refrigeration, can command higher salaries.

Ways Tradespeople Can Earn More Money

Specialising in a Niche

Tradespeople who specialise in a particular niche often earn more than their generalist counterparts. For example, electricians who focus on renewable energy systems or plumbers who specialise in gas installations can charge higher rates due to their specialised skills.

Gaining Advanced Qualifications and Certifications

Continuing education and obtaining advanced certifications can open doors to higher-paying jobs. For instance, an HVAC technician with a certification in refrigeration or an electrician with a qualification in solar energy systems will be more attractive to employers and clients.

Starting Their Own Business

Many tradespeople increase their earnings by starting their own business. As a business owner, you can set your own rates, take on larger projects, and potentially hire additional workers to expand your operations.

Working Overtime or Taking on Additional Projects

Tradespeople willing to work overtime or take on additional projects can significantly boost their annual earnings. Many trade customers are willing to pay a premium for quick or urgent services.

Developing a Strong Reputation

Building a strong reputation through excellent workmanship and reliable service can lead to word-of-mouth referrals and repeat business, which are invaluable for increasing earnings. High customer satisfaction can also justify charging higher rates.

Leveraging Technology

Using technology to streamline operations, manage bookings, and optimise job schedules can lead to increased efficiency and more completed projects, ultimately boosting income.

FAQs: Why Consider Becoming a Tradesperson?

Why Should I Become a Tradesperson?

Becoming a tradesperson offers a stable and rewarding career with numerous opportunities for growth and specialisation. It allows you to work with your hands, solve practical problems, and see the tangible results of your work.

What Are the Benefits of a Career in the Trades?

The trades offer job security, good earning potential, and the opportunity to be your own boss. Tradespeople are always in demand, and the skills you acquire can be applied globally.

Do Tradespeople Need Formal Qualifications?

While some trades require formal qualifications and apprenticeships, others can be entered with on-the-job training. However, obtaining relevant certifications can significantly enhance your career prospects and earning potential.

Can Tradespeople Earn More Than Office Workers?

Yes, many tradespeople earn more than office workers, especially those who specialise in high-demand areas or run their own businesses. The potential for high earnings increases with experience and reputation.

How Do I Start a Career in the Trades?

Starting a career in the trades typically involves completing an apprenticeship or gaining relevant experience through on-the-job training. Trade colleges and vocational courses can also provide a solid foundation.

Understanding Trade Insurance

Trade insurance is essential for protecting your livelihood. It covers various risks associated with running a trade business, from property damage to liability claims. Here are some common types of trade insurance:

• Public Liability Insurance: This covers you if a member of the public suffers injury or property damage due to your work.
• Employers' Liability Insurance: Mandatory if you employ staff, covering claims from employees who get injured or ill due to their work.
• Tools Insurance: Protects your tools and equipment from theft or damage.
• Professional Indemnity Insurance: Covers legal costs and expenses if a client claims you provided inadequate services or advice.

Why Choose Rhino Trade Insurance?

Rhino Trade Insurance is a trusted provider offering comprehensive and tailored insurance solutions for tradespeople. Here's why you should choose Rhino:

• Specialised Cover: Rhino understands the unique risks faced by tradespeople and offers policies designed to meet those specific needs.
• Competitive Pricing: We offer affordable pricing without compromising on the quality of coverage.
• Flexible Options: With a range of policies to choose from, you can find the right cover for your trade business.
• Expert Support: Rhino provides excellent customer service with experts available six days a week to assist you in finding the best insurance solutions.
• Ease of Purchase: You can easily get a quote and purchase trade insurance online, saving you time and hassle.

To conclude, a career as a tradesperson is not only financially rewarding but also offers a sense of pride and accomplishment. By understanding the average earnings, ways to boost income, and the importance of proper insurance, you can set yourself up for a successful and secure career. Choose Rhino Trade Insurance to ensure you and your business are well-protected as you build your future in the trades - call today on 0116 243 7904.