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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 2023 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.
| What | Current (2019) | Boris £80k Higher Rate Threshold | iCalculator™ £30k Personal Allowance |
|---|---|---|---|
| Net Pay | 11371.84 | 11346.88 | 11346.88 |
| Difference | n/a | -24.959999999999 | -24.959999999999 |
| Take Home | 71.07% | 70.92% | 70.92% |
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:
- Annual Salary before tax: £ 16,000.00
- 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 £ 16,000.00 (Current)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 16,000.00 | 1,333.33 | 1,230.77 | 615.38 | 307.69 | 63.24 | 8.79 | 100.00% |
| Adjusted Gross Income2 | 15,200.00 | 1,266.67 | 1,169.23 | 584.62 | 292.31 | 60.08 | 8.35 | 95.00% |
| Company Pension: Employee | 800.00 | 66.67 | 61.54 | 30.77 | 15.38 | 3.16 | 0.44 | 5.00% |
| Company Pension: Employer | 480.00 | 40.00 | 36.92 | 18.46 | 9.23 | 1.90 | 0.26 | 3.00% |
| Taxable Pay | 15,200.00 | 1,266.67 | 1,169.23 | 584.62 | 292.31 | 60.08 | 8.35 | 95.00% |
| Tax Due [PAYE] | 3,040.00 | 253.33 | 233.85 | 116.92 | 58.46 | 12.02 | 1.67 | 19.00% |
| National Insurance | 788.16 | 65.68 | 60.63 | 30.31 | 15.16 | 3.12 | 0.43 | 4.93% |
| Total Pay Deductions | 4,628.16 | 385.68 | 356.01 | 178.01 | 89.00 | 18.29 | 2.54 | 28.93% |
| Net Pay | 11,371.84 | 947.65 | 874.76 | 437.38 | 218.69 | 44.95 | 6.25 | 71.07% |
| Employers NIC Contribution | 906.38 | 75.53 | 69.72 | 34.86 | 17.43 | 3.58 | 0.50 | 5.66% |
| Salary Package [Cost of Employee] | 17,386.38 | 1,448.87 | 1,337.41 | 668.71 | 334.35 | 68.72 | 9.55 | 108.66% |
1 Percentage expressed in relation to Gross Income [£ 15,200.00].
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2023 Salary Example for £ 16,000.00 (Planned by Boris Johnson)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 16,000.00 | 1,333.33 | 1,230.77 | 615.38 | 307.69 | 63.24 | 8.79 | 100.00% |
| Adjusted Gross Income2 | 15,200.00 | 1,266.67 | 1,169.23 | 584.62 | 292.31 | 60.08 | 8.35 | 95.00% |
| Company Pension: Employee | 800.00 | 66.67 | 61.54 | 30.77 | 15.38 | 3.16 | 0.44 | 5.00% |
| Company Pension: Employer | 480.00 | 40.00 | 36.92 | 18.46 | 9.23 | 1.90 | 0.26 | 3.00% |
| Taxable Pay | 15,200.00 | 1,266.67 | 1,169.23 | 584.62 | 292.31 | 60.08 | 8.35 | 95.00% |
| Tax Due [PAYE] | 3,040.00 | 253.33 | 233.85 | 116.92 | 58.46 | 12.02 | 1.67 | 19.00% |
| National Insurance | 813.12 | 67.76 | 62.55 | 31.27 | 15.64 | 3.21 | 0.45 | 5.08% |
| Total Pay Deductions | 4,653.12 | 387.76 | 357.93 | 178.97 | 89.48 | 18.39 | 2.56 | 29.08% |
| Net Pay | 11,346.88 | 945.57 | 872.84 | 436.42 | 218.21 | 44.85 | 6.23 | 70.92% |
| Employers NIC Contribution | 935.09 | 77.92 | 71.93 | 35.96 | 17.98 | 3.70 | 0.51 | 5.84% |
| Salary Package [Cost of Employee] | 17,415.09 | 1,451.26 | 1,339.62 | 669.81 | 334.91 | 68.83 | 9.57 | 108.84% |
1 Percentage expressed in relation to Gross Income [£ 15,200.00].
2023 Salary Example for £ 16,000.00 (Suggested by iCalculator)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 16,000.00 | 1,333.33 | 1,230.77 | 615.38 | 307.69 | 63.24 | 8.79 | 100.00% |
| Adjusted Gross Income2 | 15,200.00 | 1,266.67 | 1,169.23 | 584.62 | 292.31 | 60.08 | 8.35 | 95.00% |
| Company Pension: Employee | 800.00 | 66.67 | 61.54 | 30.77 | 15.38 | 3.16 | 0.44 | 5.00% |
| Company Pension: Employer | 480.00 | 40.00 | 36.92 | 18.46 | 9.23 | 1.90 | 0.26 | 3.00% |
| Taxable Pay | 15,200.00 | 1,266.67 | 1,169.23 | 584.62 | 292.31 | 60.08 | 8.35 | 95.00% |
| Tax Due [PAYE] | 3,040.00 | 253.33 | 233.85 | 116.92 | 58.46 | 12.02 | 1.67 | 19.00% |
| National Insurance | 813.12 | 67.76 | 62.55 | 31.27 | 15.64 | 3.21 | 0.45 | 5.08% |
| Total Pay Deductions | 4,653.12 | 387.76 | 357.93 | 178.97 | 89.48 | 18.39 | 2.56 | 29.08% |
| Net Pay | 11,346.88 | 945.57 | 872.84 | 436.42 | 218.21 | 44.85 | 6.23 | 70.92% |
| Employers NIC Contribution | 935.09 | 77.92 | 71.93 | 35.96 | 17.98 | 3.70 | 0.51 | 5.84% |
| Salary Package [Cost of Employee] | 17,415.09 | 1,451.26 | 1,339.62 | 669.81 | 334.91 | 68.83 | 9.57 | 108.84% |
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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