Since decimalisation in 1971 there have been 100 pence in a pound. Before that, a pound had 20 shillings of 12 old pence (240d).
How to use the Pence to Pounds Converter
- Pence
- Every result field is editable: type into Pounds and Pence plus every other field update to match.
Results update as you type, and every field accepts the units shown in its menu.
How it works
Enter an amount in pence – or type pounds into the result.
Tips
- Enter figures for the same period and in the same currency.
- Exchange rates and prices change constantly – update them before you rely on a result.
- Use results as estimates and confirm important figures with the official source.
- Everything runs in your browser – try different values to compare scenarios.
Common mistakes to avoid
- Mixing gross and net figures.
- Using outdated rates.
- Treating rules of thumb as exact.
What each result means
- Pounds = [Pence]÷100
- Pre-1971 old pence (d) equivalent = [Pence]×2.4
Example values
How the main result changes when Pence changes and everything else stays at the example values above:
| Pence (p) | Pounds |
|---|---|
| 625 | 6.25 |
| 937.5 | 9.38 |
| 1,250 | 12.5 |
| 1,562.5 | 15.63 |
| 1,875 | 18.75 |
| 2,500 | 25 |
Formula
Pounds = pence ÷ 100Pence = pounds × 100Worked example
Inputs — Pence: 1,250 p.
Results — Pounds = £12.50; Pre-1971 old pence (d) equivalent = 3,000.
Frequently asked questions
How many pence are in a pound?
100.
How do I convert pence to pounds?
Divide by 100: 1,250p = £12.50.
How many old pence were in a pound?
240.
What formula does the Pence to Pounds Converter use?
Pounds = pence ÷ 100.