Boris Johnson Tax Calculator - £10,000.00 Salary Example (£10K Salary)

This Salary and Tax Calculator is provided to illustrate how Boris Johnsons planned changes to the higher Rate Income Tax Threshold will affect a £10,000.00 Salary (£10K Salary). The illustration also includes an overview of a current 2019 salary example for £10,000.00 and an salary example for £10,000.00 if the personal allowance were to be increase to £30k (a solution which would affect all tax ayers, not just those who earner over £50k.

Boris Johnson tax Calculator
£10,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay9370.889370.889370.88
Difference n/a00
Take Home93.71%93.71%93.71%

You can see a detailed salary overview for each of these calculations below.

About the Boris Johnson Salary Examples

In order to provide a like-for-like salary comparison against our three tax scenarios, we have used the following defaults:

  1. Annual Salary before tax: £10,000.00
  2. The individual is part of a company pension scheme
    1. An Employer Pension Contribution of 5% has been applied
    2. An Employee Pension Contribution of 3% has been applied
  3. A standard tax code has been used
  4. Salary is calculated over a full tax year
  5. There are no salary sacrifice options included
  6. There are no special National Insurance Contibutions rules /exemptions (Employer or Employee)

2019 Salary Example for £10,000.00 (Current)

£10,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income10,000.00833.33769.23384.62192.3139.535.49100.00%
Adjusted Gross Income29,500.00791.67730.77365.38182.6937.555.2295.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.87125.00%
Company Pension: Employee500.0041.6738.4619.239.621.980.275.00%
Company Pension: Employer300.0025.0023.0811.545.771.190.163.00%
National Insurance129.1210.769.934.972.480.510.071.29%
Total Pay Deductions629.1252.4348.3924.2012.102.490.356.29%
Net Pay9,370.88780.91720.84360.42180.2137.045.1593.71%

Employers NIC Contribution148.4912.3711.425.712.860.590.081.48%
Salary Package [Cost of Employee]10,448.49870.71803.73401.86200.9341.305.74104.48%

1 Percentage expressed in relation to Gross Income [£9,500.00].

2019 Salary Example for £10,000.00 (Planned by Boris Johnson)

£10,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income10,000.00833.33769.23384.62192.3139.535.49100.00%
Adjusted Gross Income29,500.00791.67730.77365.38182.6937.555.2295.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.87125.00%
Company Pension: Employee500.0041.6738.4619.239.621.980.275.00%
Company Pension: Employer300.0025.0023.0811.545.771.190.163.00%
National Insurance129.1210.769.934.972.480.510.071.29%
Total Pay Deductions629.1252.4348.3924.2012.102.490.356.29%
Net Pay9,370.88780.91720.84360.42180.2137.045.1593.71%

Employers NIC Contribution148.4912.3711.425.712.860.590.081.48%
Salary Package [Cost of Employee]10,448.49870.71803.73401.86200.9341.305.74104.48%

1 Percentage expressed in relation to Gross Income [£9,500.00].

2019 Salary Example for £10,000.00 (Suggested by iCalculator)

£10,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income10,000.00833.33769.23384.62192.3139.535.49100.00%
Adjusted Gross Income29,500.00791.67730.77365.38182.6937.555.2295.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.48300.00%
Company Pension: Employee500.0041.6738.4619.239.621.980.275.00%
Company Pension: Employer300.0025.0023.0811.545.771.190.163.00%
National Insurance129.1210.769.934.972.480.510.071.29%
Total Pay Deductions629.1252.4348.3924.2012.102.490.356.29%
Net Pay9,370.88780.91720.84360.42180.2137.045.1593.71%

Employers NIC Contribution148.4912.3711.425.712.860.590.081.48%
Salary Package [Cost of Employee]10,448.49870.71803.73401.86200.9341.305.74104.48%

1 Percentage expressed in relation to Gross Income [£9,500.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

Join the Discussion on Facebook, share your thoughts and feelings on Boris' plan.