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Boris Johnson Tax Calculator - £ 100,000.00 Salary Example (£100K 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 £ 100,000.00 Salary (£100K Salary). The illustration also includes an overview of a current 2023 salary example for £ 100,000.00 and an salary example for £ 100,000.00 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.
| What | Current (2019) | Boris £80k Higher Rate Threshold | iCalculator™ £30k Personal Allowance |
|---|---|---|---|
| Net Pay | 58633.44 | 64972.48 | 55472.48 |
| Difference | n/a | 6339.04 | -3160.96 |
| Take Home | 58.63% | 64.97% | 55.47% |
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:
- Annual Salary before tax: £ 100,000.00
- The individual is part of a company pension scheme
- An Employer Pension Contribution of 5% has been applied
- An Employee Pension Contribution of 3% has been applied
- A standard tax code has been used
- Salary is calculated over a full tax year
- There are no salary sacrifice options included
- There are no special National Insurance Contibutions rules /exemptions (Employer or Employee)
2023 Salary Example for £ 100,000.00 (Current)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 100,000.00 | 8,333.33 | 7,692.31 | 3,846.15 | 1,923.08 | 395.26 | 54.95 | 100.00% |
| Adjusted Gross Income2 | 95,000.00 | 7,916.67 | 7,307.69 | 3,653.85 | 1,826.92 | 375.49 | 52.20 | 95.00% |
| Company Pension: Employee | 5,000.00 | 416.67 | 384.62 | 192.31 | 96.15 | 19.76 | 2.75 | 5.00% |
| Company Pension: Employer | 3,000.00 | 250.00 | 230.77 | 115.38 | 57.69 | 11.86 | 1.65 | 3.00% |
| Taxable Pay | 95,000.00 | 7,916.67 | 7,307.69 | 3,653.85 | 1,826.92 | 375.49 | 52.20 | 95.00% |
| Tax Due [PAYE] | 30,500.00 | 2,541.67 | 2,346.15 | 1,173.08 | 586.54 | 120.55 | 16.76 | 30.50% |
| National Insurance | 5,866.56 | 488.88 | 451.27 | 225.64 | 112.82 | 23.19 | 3.22 | 5.87% |
| Total Pay Deductions | 41,366.56 | 3,447.21 | 3,182.04 | 1,591.02 | 795.51 | 163.50 | 22.73 | 41.37% |
| Net Pay | 58,633.44 | 4,886.12 | 4,510.26 | 2,255.13 | 1,127.57 | 231.75 | 32.22 | 58.63% |
| Employers NIC Contribution | 11,918.78 | 993.23 | 916.83 | 458.41 | 229.21 | 47.11 | 6.55 | 11.92% |
| Salary Package [Cost of Employee] | 114,918.78 | 9,576.57 | 8,839.91 | 4,419.95 | 2,209.98 | 454.22 | 63.14 | 114.92% |
1 Percentage expressed in relation to Gross Income [£ 95,000.00].
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2023 Salary Example for £ 100,000.00 (Planned by Boris Johnson)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 100,000.00 | 8,333.33 | 7,692.31 | 3,846.15 | 1,923.08 | 395.26 | 54.95 | 100.00% |
| Adjusted Gross Income2 | 95,000.00 | 7,916.67 | 7,307.69 | 3,653.85 | 1,826.92 | 375.49 | 52.20 | 95.00% |
| Company Pension: Employee | 5,000.00 | 416.67 | 384.62 | 192.31 | 96.15 | 19.76 | 2.75 | 5.00% |
| Company Pension: Employer | 3,000.00 | 250.00 | 230.77 | 115.38 | 57.69 | 11.86 | 1.65 | 3.00% |
| Taxable Pay | 95,000.00 | 7,916.67 | 7,307.69 | 3,653.85 | 1,826.92 | 375.49 | 52.20 | 95.00% |
| Tax Due [PAYE] | 24,500.00 | 2,041.67 | 1,884.62 | 942.31 | 471.15 | 96.84 | 13.46 | 24.50% |
| National Insurance | 5,527.52 | 460.63 | 425.19 | 212.60 | 106.30 | 21.85 | 3.04 | 5.53% |
| Total Pay Deductions | 35,027.52 | 2,918.96 | 2,694.42 | 1,347.21 | 673.61 | 138.45 | 19.25 | 35.03% |
| Net Pay | 64,972.48 | 5,414.37 | 4,997.88 | 2,498.94 | 1,249.47 | 256.81 | 35.70 | 64.97% |
| Employers NIC Contribution | 11,947.49 | 995.62 | 919.04 | 459.52 | 229.76 | 47.22 | 6.56 | 11.95% |
| Salary Package [Cost of Employee] | 114,947.49 | 9,578.96 | 8,842.11 | 4,421.06 | 2,210.53 | 454.34 | 63.16 | 114.95% |
1 Percentage expressed in relation to Gross Income [£ 95,000.00].
2023 Salary Example for £ 100,000.00 (Suggested by iCalculator)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 100,000.00 | 8,333.33 | 7,692.31 | 3,846.15 | 1,923.08 | 395.26 | 54.95 | 100.00% |
| Adjusted Gross Income2 | 95,000.00 | 7,916.67 | 7,307.69 | 3,653.85 | 1,826.92 | 375.49 | 52.20 | 95.00% |
| Company Pension: Employee | 5,000.00 | 416.67 | 384.62 | 192.31 | 96.15 | 19.76 | 2.75 | 5.00% |
| Company Pension: Employer | 3,000.00 | 250.00 | 230.77 | 115.38 | 57.69 | 11.86 | 1.65 | 3.00% |
| Taxable Pay | 95,000.00 | 7,916.67 | 7,307.69 | 3,653.85 | 1,826.92 | 375.49 | 52.20 | 95.00% |
| Tax Due [PAYE] | 34,000.00 | 2,833.33 | 2,615.38 | 1,307.69 | 653.85 | 134.39 | 18.68 | 34.00% |
| National Insurance | 5,527.52 | 460.63 | 425.19 | 212.60 | 106.30 | 21.85 | 3.04 | 5.53% |
| Total Pay Deductions | 44,527.52 | 3,710.63 | 3,425.19 | 1,712.60 | 856.30 | 176.00 | 24.47 | 44.53% |
| Net Pay | 55,472.48 | 4,622.71 | 4,267.11 | 2,133.56 | 1,066.78 | 219.26 | 30.48 | 55.47% |
| Employers NIC Contribution | 11,947.49 | 995.62 | 919.04 | 459.52 | 229.76 | 47.22 | 6.56 | 11.95% |
| Salary Package [Cost of Employee] | 114,947.49 | 9,578.96 | 8,842.11 | 4,421.06 | 2,210.53 | 454.34 | 63.16 | 114.95% |
1 Percentage expressed in relation to Gross Income [£ 95,000.00].
Further Reading
Boris Johnsons Plan for changes to the Higher Rate Tax Threshold
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