Boris Johnson Tax Calculator - £ 14,000.00 Salary Example (£14K 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 £ 14,000.00 Salary (£14K Salary). The illustration also includes an overview of a current 2023 salary example for £ 14,000.00 and an salary example for £ 14,000.00 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.

£ 14,000.00 Salary Comparison

What	Current (2019)	Boris £80k Higher Rate Threshold	iCalculator™ £30k Personal Allowance
Net Pay	10079.84	10054.88	10054.88
Difference	n/a	-24.959999999999	-24.959999999999
Take Home	72.00%	71.82%	71.82%

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: £ 14,000.00
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)

2023 Salary Example for £ 14,000.00 (Current)

£ 14,000.00 Salary Example 2023/24 Tax Year

	Yearly	Monthly	4 Weekly	2 Weekly	Weekly	Daily	Hourly	%1
Gross Income	14,000.00	1,166.67	1,076.92	538.46	269.23	55.34	7.69	100.00%
Adjusted Gross Income2	13,300.00	1,108.33	1,023.08	511.54	255.77	52.57	7.31	95.00%
Company Pension: Employee	700.00	58.33	53.85	26.92	13.46	2.77	0.38	5.00%
Company Pension: Employer	420.00	35.00	32.31	16.15	8.08	1.66	0.23	3.00%
Taxable Pay	13,300.00	1,108.33	1,023.08	511.54	255.77	52.57	7.31	95.00%
Tax Due [PAYE]	2,660.00	221.67	204.62	102.31	51.15	10.51	1.46	19.00%
National Insurance	560.16	46.68	43.09	21.54	10.77	2.21	0.31	4.00%
Total Pay Deductions	3,920.16	326.68	301.55	150.78	75.39	15.49	2.15	28.00%
Net Pay	10,079.84	839.99	775.37	387.69	193.84	39.84	5.54	72.00%
Employers NIC Contribution	644.18	53.68	49.55	24.78	12.39	2.55	0.35	4.60%
Salary Package [Cost of Employee]	15,064.18	1,255.35	1,158.78	579.39	289.70	59.54	8.28	107.60%

¹ Percentage expressed in relation to Gross Income [£ 13,300.00].

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2023 Salary Example for £ 14,000.00 (Planned by Boris Johnson)

£ 14,000.00 Salary Example 2023/24 Tax Year (Planned by Boris Johnson)

	Yearly	Monthly	4 Weekly	2 Weekly	Weekly	Daily	Hourly	%1
Gross Income	14,000.00	1,166.67	1,076.92	538.46	269.23	55.34	7.69	100.00%
Adjusted Gross Income2	13,300.00	1,108.33	1,023.08	511.54	255.77	52.57	7.31	95.00%
Company Pension: Employee	700.00	58.33	53.85	26.92	13.46	2.77	0.38	5.00%
Company Pension: Employer	420.00	35.00	32.31	16.15	8.08	1.66	0.23	3.00%
Taxable Pay	13,300.00	1,108.33	1,023.08	511.54	255.77	52.57	7.31	95.00%
Tax Due [PAYE]	2,660.00	221.67	204.62	102.31	51.15	10.51	1.46	19.00%
National Insurance	585.12	48.76	45.01	22.50	11.25	2.31	0.32	4.18%
Total Pay Deductions	3,945.12	328.76	303.47	151.74	75.87	15.59	2.17	28.18%
Net Pay	10,054.88	837.91	773.45	386.73	193.36	39.74	5.52	71.82%
Employers NIC Contribution	672.89	56.07	51.76	25.88	12.94	2.66	0.37	4.81%
Salary Package [Cost of Employee]	15,092.89	1,257.74	1,160.99	580.50	290.25	59.66	8.29	107.81%

¹ Percentage expressed in relation to Gross Income [£ 13,300.00].

2023 Salary Example for £ 14,000.00 (Suggested by iCalculator)

£ 14,000.00 Salary Example 2023/24 Tax Year (Suggested by iCalculator)

	Yearly	Monthly	4 Weekly	2 Weekly	Weekly	Daily	Hourly	%1
Gross Income	14,000.00	1,166.67	1,076.92	538.46	269.23	55.34	7.69	100.00%
Adjusted Gross Income2	13,300.00	1,108.33	1,023.08	511.54	255.77	52.57	7.31	95.00%
Company Pension: Employee	700.00	58.33	53.85	26.92	13.46	2.77	0.38	5.00%
Company Pension: Employer	420.00	35.00	32.31	16.15	8.08	1.66	0.23	3.00%
Taxable Pay	13,300.00	1,108.33	1,023.08	511.54	255.77	52.57	7.31	95.00%
Tax Due [PAYE]	2,660.00	221.67	204.62	102.31	51.15	10.51	1.46	19.00%
National Insurance	585.12	48.76	45.01	22.50	11.25	2.31	0.32	4.18%
Total Pay Deductions	3,945.12	328.76	303.47	151.74	75.87	15.59	2.17	28.18%
Net Pay	10,054.88	837.91	773.45	386.73	193.36	39.74	5.52	71.82%
Employers NIC Contribution	672.89	56.07	51.76	25.88	12.94	2.66	0.37	4.81%
Salary Package [Cost of Employee]	15,092.89	1,257.74	1,160.99	580.50	290.25	59.66	8.29	107.81%

¹ Percentage expressed in relation to Gross Income [£ 13,300.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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