Boris Johnson Tax Calculator - £16,000.00 Salary Example (£16K 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 £16,000.00 Salary (£16K Salary). The illustration also includes an overview of a current 2019 salary example for £16,000.00 and an salary example for £16,000.00 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
£16,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay13846.8813846.8814386.88
Difference n/a0540
Take Home86.54%86.54%89.92%

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: £16,000.00
  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 £16,000.00 (Current)

£16,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income16,000.001,333.331,230.77615.38307.6963.248.79100.00%
Adjusted Gross Income215,200.001,266.671,169.23584.62292.3160.088.3595.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8778.13%
Company Pension: Employee800.0066.6761.5430.7715.383.160.445.00%
Company Pension: Employer480.0040.0036.9218.469.231.900.263.00%
Taxable Pay2,700.00225.00207.69103.8551.9210.671.4816.88%
Tax Due [PAYE]540.0045.0041.5420.7710.382.130.303.38%
National Insurance813.1267.7662.5531.2715.643.210.455.08%
Total Pay Deductions2,153.12179.43165.6282.8141.418.511.1813.46%
Net Pay13,846.881,153.911,065.14532.57266.2954.737.6186.54%

Employers NIC Contribution935.0977.9271.9335.9617.983.700.515.84%
Salary Package [Cost of Employee]17,415.091,451.261,339.62669.81334.9168.839.57108.84%

1 Percentage expressed in relation to Gross Income [£15,200.00].

2019 Salary Example for £16,000.00 (Planned by Boris Johnson)

£16,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income16,000.001,333.331,230.77615.38307.6963.248.79100.00%
Adjusted Gross Income215,200.001,266.671,169.23584.62292.3160.088.3595.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8778.13%
Company Pension: Employee800.0066.6761.5430.7715.383.160.445.00%
Company Pension: Employer480.0040.0036.9218.469.231.900.263.00%
Taxable Pay2,700.00225.00207.69103.8551.9210.671.4816.88%
Tax Due [PAYE]540.0045.0041.5420.7710.382.130.303.38%
National Insurance813.1267.7662.5531.2715.643.210.455.08%
Total Pay Deductions2,153.12179.43165.6282.8141.418.511.1813.46%
Net Pay13,846.881,153.911,065.14532.57266.2954.737.6186.54%

Employers NIC Contribution935.0977.9271.9335.9617.983.700.515.84%
Salary Package [Cost of Employee]17,415.091,451.261,339.62669.81334.9168.839.57108.84%

1 Percentage expressed in relation to Gross Income [£15,200.00].

2019 Salary Example for £16,000.00 (Suggested by iCalculator)

£16,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income16,000.001,333.331,230.77615.38307.6963.248.79100.00%
Adjusted Gross Income215,200.001,266.671,169.23584.62292.3160.088.3595.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.48187.50%
Company Pension: Employee800.0066.6761.5430.7715.383.160.445.00%
Company Pension: Employer480.0040.0036.9218.469.231.900.263.00%
National Insurance813.1267.7662.5531.2715.643.210.455.08%
Total Pay Deductions1,613.12134.43124.0962.0431.026.380.8910.08%
Net Pay14,386.881,198.911,106.68553.34276.6756.877.9089.92%

Employers NIC Contribution935.0977.9271.9335.9617.983.700.515.84%
Salary Package [Cost of Employee]17,415.091,451.261,339.62669.81334.9168.839.57108.84%

1 Percentage expressed in relation to Gross Income [£15,200.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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