Menu
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 2023 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.
| What | Current (2019) | Boris £80k Higher Rate Threshold | iCalculator™ £30k Personal Allowance |
|---|---|---|---|
| Net Pay | 10725.84 | 10700.88 | 10700.88 |
| Difference | n/a | -24.959999999999 | -24.959999999999 |
| Take Home | 71.51% | 71.34% | 71.34% |
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:
- Annual Salary before tax: £ 15,000.00
- 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 £ 15,000.00 (Current)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 15,000.00 | 1,250.00 | 1,153.85 | 576.92 | 288.46 | 59.29 | 8.24 | 100.00% |
| Adjusted Gross Income2 | 14,250.00 | 1,187.50 | 1,096.15 | 548.08 | 274.04 | 56.32 | 7.83 | 95.00% |
| Company Pension: Employee | 750.00 | 62.50 | 57.69 | 28.85 | 14.42 | 2.96 | 0.41 | 5.00% |
| Company Pension: Employer | 450.00 | 37.50 | 34.62 | 17.31 | 8.65 | 1.78 | 0.25 | 3.00% |
| Taxable Pay | 14,250.00 | 1,187.50 | 1,096.15 | 548.08 | 274.04 | 56.32 | 7.83 | 95.00% |
| Tax Due [PAYE] | 2,850.00 | 237.50 | 219.23 | 109.62 | 54.81 | 11.26 | 1.57 | 19.00% |
| National Insurance | 674.16 | 56.18 | 51.86 | 25.93 | 12.96 | 2.66 | 0.37 | 4.49% |
| Total Pay Deductions | 4,274.16 | 356.18 | 328.78 | 164.39 | 82.20 | 16.89 | 2.35 | 28.49% |
| Net Pay | 10,725.84 | 893.82 | 825.06 | 412.53 | 206.27 | 42.39 | 5.89 | 71.51% |
| Employers NIC Contribution | 775.28 | 64.61 | 59.64 | 29.82 | 14.91 | 3.06 | 0.43 | 5.17% |
| Salary Package [Cost of Employee] | 16,225.28 | 1,352.11 | 1,248.10 | 624.05 | 312.02 | 64.13 | 8.91 | 108.17% |
1 Percentage expressed in relation to Gross Income [£ 14,250.00].
Please provide a rating, it takes seconds and helps us to keep this resource free for all to use
2023 Salary Example for £ 15,000.00 (Planned by Boris Johnson)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 15,000.00 | 1,250.00 | 1,153.85 | 576.92 | 288.46 | 59.29 | 8.24 | 100.00% |
| Adjusted Gross Income2 | 14,250.00 | 1,187.50 | 1,096.15 | 548.08 | 274.04 | 56.32 | 7.83 | 95.00% |
| Company Pension: Employee | 750.00 | 62.50 | 57.69 | 28.85 | 14.42 | 2.96 | 0.41 | 5.00% |
| Company Pension: Employer | 450.00 | 37.50 | 34.62 | 17.31 | 8.65 | 1.78 | 0.25 | 3.00% |
| Taxable Pay | 14,250.00 | 1,187.50 | 1,096.15 | 548.08 | 274.04 | 56.32 | 7.83 | 95.00% |
| Tax Due [PAYE] | 2,850.00 | 237.50 | 219.23 | 109.62 | 54.81 | 11.26 | 1.57 | 19.00% |
| National Insurance | 699.12 | 58.26 | 53.78 | 26.89 | 13.44 | 2.76 | 0.38 | 4.66% |
| Total Pay Deductions | 4,299.12 | 358.26 | 330.70 | 165.35 | 82.68 | 16.99 | 2.36 | 28.66% |
| Net Pay | 10,700.88 | 891.74 | 823.14 | 411.57 | 205.79 | 42.30 | 5.88 | 71.34% |
| Employers NIC Contribution | 803.99 | 67.00 | 61.85 | 30.92 | 15.46 | 3.18 | 0.44 | 5.36% |
| Salary Package [Cost of Employee] | 16,253.99 | 1,354.50 | 1,250.31 | 625.15 | 312.58 | 64.25 | 8.93 | 108.36% |
1 Percentage expressed in relation to Gross Income [£ 14,250.00].
2023 Salary Example for £ 15,000.00 (Suggested by iCalculator)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 15,000.00 | 1,250.00 | 1,153.85 | 576.92 | 288.46 | 59.29 | 8.24 | 100.00% |
| Adjusted Gross Income2 | 14,250.00 | 1,187.50 | 1,096.15 | 548.08 | 274.04 | 56.32 | 7.83 | 95.00% |
| Company Pension: Employee | 750.00 | 62.50 | 57.69 | 28.85 | 14.42 | 2.96 | 0.41 | 5.00% |
| Company Pension: Employer | 450.00 | 37.50 | 34.62 | 17.31 | 8.65 | 1.78 | 0.25 | 3.00% |
| Taxable Pay | 14,250.00 | 1,187.50 | 1,096.15 | 548.08 | 274.04 | 56.32 | 7.83 | 95.00% |
| Tax Due [PAYE] | 2,850.00 | 237.50 | 219.23 | 109.62 | 54.81 | 11.26 | 1.57 | 19.00% |
| National Insurance | 699.12 | 58.26 | 53.78 | 26.89 | 13.44 | 2.76 | 0.38 | 4.66% |
| Total Pay Deductions | 4,299.12 | 358.26 | 330.70 | 165.35 | 82.68 | 16.99 | 2.36 | 28.66% |
| Net Pay | 10,700.88 | 891.74 | 823.14 | 411.57 | 205.79 | 42.30 | 5.88 | 71.34% |
| Employers NIC Contribution | 803.99 | 67.00 | 61.85 | 30.92 | 15.46 | 3.18 | 0.44 | 5.36% |
| Salary Package [Cost of Employee] | 16,253.99 | 1,354.50 | 1,250.31 | 625.15 | 312.58 | 64.25 | 8.93 | 108.36% |
1 Percentage expressed in relation to Gross Income [£ 14,250.00].
Further Reading
Boris Johnsons Plan for changes to the Higher Rate Tax Threshold
Join the Discussion on Facebook, share your thoughts and feelings on Boris' plan.