Boris Johnson Tax Calculator - £12,000.00 Salary Example (£12K 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 £12,000.00 Salary (£12K Salary). The illustration also includes an overview of a current 2019 salary example for £12,000.00 and an salary example for £12,000.00 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
£12,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay11067.8411042.8811042.88
Difference n/a-24.960000000001-24.960000000001
Take Home92.23%92.02%92.02%

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: £12,000.00
  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 £12,000.00 (Current)

£12,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income12,000.001,000.00923.08461.54230.7747.436.59100.00%
Adjusted Gross Income211,400.00950.00876.92438.46219.2345.066.2695.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.87104.17%
Company Pension: Employee600.0050.0046.1523.0811.542.370.335.00%
Company Pension: Employer360.0030.0027.6913.856.921.420.203.00%
National Insurance332.1627.6825.5512.786.391.310.182.77%
Total Pay Deductions932.1677.6871.7035.8517.933.680.517.77%
Net Pay11,067.84922.32851.37425.69212.8443.756.0892.23%

Employers NIC Contribution381.9831.8329.3814.697.351.510.213.18%
Salary Package [Cost of Employee]12,741.981,061.83980.15490.08245.0450.367.00106.18%

1 Percentage expressed in relation to Gross Income [£11,400.00].

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2019 Salary Example for £12,000.00 (Planned by Boris Johnson)

£12,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income12,000.001,000.00923.08461.54230.7747.436.59100.00%
Adjusted Gross Income211,400.00950.00876.92438.46219.2345.066.2695.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.87104.17%
Company Pension: Employee600.0050.0046.1523.0811.542.370.335.00%
Company Pension: Employer360.0030.0027.6913.856.921.420.203.00%
National Insurance357.1229.7627.4713.746.871.410.202.98%
Total Pay Deductions957.1279.7673.6236.8118.413.780.537.98%
Net Pay11,042.88920.24849.45424.73212.3643.656.0792.02%

Employers NIC Contribution410.6934.2231.5915.807.901.620.233.42%
Salary Package [Cost of Employee]12,770.691,064.22982.36491.18245.5950.487.02106.42%

1 Percentage expressed in relation to Gross Income [£11,400.00].

2019 Salary Example for £12,000.00 (Suggested by iCalculator)

£12,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income12,000.001,000.00923.08461.54230.7747.436.59100.00%
Adjusted Gross Income211,400.00950.00876.92438.46219.2345.066.2695.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.48250.00%
Company Pension: Employee600.0050.0046.1523.0811.542.370.335.00%
Company Pension: Employer360.0030.0027.6913.856.921.420.203.00%
National Insurance357.1229.7627.4713.746.871.410.202.98%
Total Pay Deductions957.1279.7673.6236.8118.413.780.537.98%
Net Pay11,042.88920.24849.45424.73212.3643.656.0792.02%

Employers NIC Contribution410.6934.2231.5915.807.901.620.233.42%
Salary Package [Cost of Employee]12,770.691,064.22982.36491.18245.5950.487.02106.42%

1 Percentage expressed in relation to Gross Income [£11,400.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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