Actuary Salary in the UK

£51,500
per year
per month
£3,200
per month
per year
Bonus
£7,300/year
Bonus
£450/month

Actuary - Average Salary

The average salary for an Actuary is £51,500 gross per year (£3,200 net per month), which is £21,900 (+74%) higher than the UK's national average salary.
An Actuary can expect an average starting salary of £34,000. The highest salaries can exceed £140,000.
£34,000
Low
£51,500
Average salary
£140,000
High
£2,220
Low
£3,200
Average salary
£7,060
High
Total compensation includes salary and bonus.
£1,940
£86,200
£174,300
Base Salary£34,000 - 140,000
Bonus£1,940 - 34,300
Total Compensation£35,940 - 174,300
£120
£4,540
£9,190
Base Salary£2,220 - 7,060
Bonus£120 - 2,130
Total Compensation£2,340 - 9,190

Actuary Salary Range

Trainee
£23,100
Low
£34,000
Average salary
£51,500
Senior
£84,400
High
£140,000
Trainee
£1,600
Low
£2,220
Average salary
£3,200
Senior
£4,790
High
£7,060
Among Actuaries, Trainee Actuaries or Newly Qualified Actuaries tend to have the lowest salaries, while more experienced workers like Senior Actuaries or Chief Actuaries enjoy the highest salaries.

Actuary - Salary Differences

JobSalaryDifference
Chief Actuary£102K/year
+98% 
Senior Actuary£85K/year
+64% 
Pension Actuary£56K/year
+9% 
Insurance Actuary£54K/year
+4% 
Associate Actuary£45K/year
 -13%
PWC Actuary£38K/year
 -27%
Newly Qualified Actuary£37K/year
 -28%
Trainee Actuary£23K/year
 -55%

Actuary - Pay by Experience Level

An Entry Level Actuary with less than three years of experience can expect to earn an average total compensation of £37,600 gross per year. A mid career Actuary with 4-9 years of experience earns an average total compensation of £45,300, while a Senior Actuary with 10-20 years of experience makes on average £84,400. Actuaries with more than 20 years of experience earn £98,700 on average.

How Work Experience Affects the Salary of an Actuary

Late Career▲ +92%
Senior▲ +64%
Average Salary£51,500/year
Mid Career▼ -12%
Entry Level▼ -27%

Gender Breakdown

Female
26%
Male
74%

Actuary - Related Salaries

The salary information presented on this page is based on all Actuary jobs published on Jobted in the last 12 months.
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Frequently asked questions about the salary of the Actuary

How much does an Actuary make in the UK?
An Actuary in the UK earns an average of £51,500 gross per year, which is about £3,200 net per month. Everything you need to know about the salary of the Actuary updated to 2022.
What is the starting salary for an Actuary in the UK?
The starting salary of an Actuary in the UK is around £34,000 gross per year. Trainee Actuaries or Newly Qualified Actuaries usually have a lower salary.
What is the highest salary for an Actuary in the UK?
The highest salary of an Actuary in the UK can reach and exceed £140,000 gross per year. Senior Actuaries or Chief Actuaries usually have the highest salaries.
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