Boris Johnson Tax Calculator - £15,000.00 Salary Example (£15K 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 £15,000.00 Salary (£15K Salary). The illustration also includes an overview of a current 2019 salary example for £15,000.00 and an salary example for £15,000.00 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
£15,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay13200.8813200.8813550.88
Difference n/a0350
Take Home88.01%88.01%90.34%

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: £15,000.00
  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 £15,000.00 (Current)

£15,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income15,000.001,250.001,153.85576.92288.4659.298.24100.00%
Adjusted Gross Income214,250.001,187.501,096.15548.08274.0456.327.8395.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8783.33%
Company Pension: Employee750.0062.5057.6928.8514.422.960.415.00%
Company Pension: Employer450.0037.5034.6217.318.651.780.253.00%
Taxable Pay1,750.00145.83134.6267.3133.656.920.9611.67%
Tax Due [PAYE]350.0029.1726.9213.466.731.380.192.33%
National Insurance699.1258.2653.7826.8913.442.760.384.66%
Total Pay Deductions1,799.12149.93138.3969.2034.607.110.9911.99%
Net Pay13,200.881,100.071,015.45507.73253.8652.187.2588.01%

Employers NIC Contribution803.9967.0061.8530.9215.463.180.445.36%
Salary Package [Cost of Employee]16,253.991,354.501,250.31625.15312.5864.258.93108.36%

1 Percentage expressed in relation to Gross Income [£14,250.00].

2019 Salary Example for £15,000.00 (Planned by Boris Johnson)

£15,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income15,000.001,250.001,153.85576.92288.4659.298.24100.00%
Adjusted Gross Income214,250.001,187.501,096.15548.08274.0456.327.8395.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8783.33%
Company Pension: Employee750.0062.5057.6928.8514.422.960.415.00%
Company Pension: Employer450.0037.5034.6217.318.651.780.253.00%
Taxable Pay1,750.00145.83134.6267.3133.656.920.9611.67%
Tax Due [PAYE]350.0029.1726.9213.466.731.380.192.33%
National Insurance699.1258.2653.7826.8913.442.760.384.66%
Total Pay Deductions1,799.12149.93138.3969.2034.607.110.9911.99%
Net Pay13,200.881,100.071,015.45507.73253.8652.187.2588.01%

Employers NIC Contribution803.9967.0061.8530.9215.463.180.445.36%
Salary Package [Cost of Employee]16,253.991,354.501,250.31625.15312.5864.258.93108.36%

1 Percentage expressed in relation to Gross Income [£14,250.00].

2019 Salary Example for £15,000.00 (Suggested by iCalculator)

£15,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income15,000.001,250.001,153.85576.92288.4659.298.24100.00%
Adjusted Gross Income214,250.001,187.501,096.15548.08274.0456.327.8395.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.48200.00%
Company Pension: Employee750.0062.5057.6928.8514.422.960.415.00%
Company Pension: Employer450.0037.5034.6217.318.651.780.253.00%
National Insurance699.1258.2653.7826.8913.442.760.384.66%
Total Pay Deductions1,449.12120.76111.4755.7427.875.730.809.66%
Net Pay13,550.881,129.241,042.38521.19260.5953.567.4590.34%

Employers NIC Contribution803.9967.0061.8530.9215.463.180.445.36%
Salary Package [Cost of Employee]16,253.991,354.501,250.31625.15312.5864.258.93108.36%

1 Percentage expressed in relation to Gross Income [£14,250.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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