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Boris Johnson Tax Calculator - £ 17,000.00 Salary Example (£17K 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 £ 17,000.00 Salary (£17K Salary). The illustration also includes an overview of a current 2023 salary example for £ 17,000.00 and an salary example for £ 17,000.00 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
£ 17,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator™ £30k Personal Allowance
Net Pay12017.8411992.8811992.88
Difference n/a-24.959999999999-24.959999999999
Take Home70.69%70.55%70.55%

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: £ 17,000.00
  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 £ 17,000.00 (Current)

£ 17,000.00 Salary Example 2023/24 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income17,000.001,416.671,307.69653.85326.9267.199.34100.00%
Adjusted Gross Income216,150.001,345.831,242.31621.15310.5863.838.8795.00%
Company Pension: Employee850.0070.8365.3832.6916.353.360.475.00%
Company Pension: Employer510.0042.5039.2319.629.812.020.283.00%
Taxable Pay16,150.001,345.831,242.31621.15310.5863.838.8795.00%
Tax Due [PAYE]3,230.00269.17248.46124.2362.1212.771.7719.00%
National Insurance902.1675.1869.4034.7017.353.570.505.31%
Total Pay Deductions4,982.16415.18383.24191.6295.8119.692.7429.31%
Net Pay12,017.841,001.49924.45462.22231.1147.506.6070.69%

Employers NIC Contribution1,037.4886.4679.8139.9019.954.100.576.10%
Salary Package [Cost of Employee]18,547.481,545.621,426.73713.36356.6873.3110.19109.10%

1 Percentage expressed in relation to Gross Income [£ 16,150.00].

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2023 Salary Example for £ 17,000.00 (Planned by Boris Johnson)

£ 17,000.00 Salary Example 2023/24 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income17,000.001,416.671,307.69653.85326.9267.199.34100.00%
Adjusted Gross Income216,150.001,345.831,242.31621.15310.5863.838.8795.00%
Company Pension: Employee850.0070.8365.3832.6916.353.360.475.00%
Company Pension: Employer510.0042.5039.2319.629.812.020.283.00%
Taxable Pay16,150.001,345.831,242.31621.15310.5863.838.8795.00%
Tax Due [PAYE]3,230.00269.17248.46124.2362.1212.771.7719.00%
National Insurance927.1277.2671.3235.6617.833.660.515.45%
Total Pay Deductions5,007.12417.26385.16192.5896.2919.792.7529.45%
Net Pay11,992.88999.41922.53461.26230.6347.406.5970.55%

Employers NIC Contribution1,066.1988.8582.0141.0120.504.210.596.27%
Salary Package [Cost of Employee]18,576.191,548.021,428.94714.47357.2373.4210.21109.27%

1 Percentage expressed in relation to Gross Income [£ 16,150.00].

2023 Salary Example for £ 17,000.00 (Suggested by iCalculator)

£ 17,000.00 Salary Example 2023/24 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income17,000.001,416.671,307.69653.85326.9267.199.34100.00%
Adjusted Gross Income216,150.001,345.831,242.31621.15310.5863.838.8795.00%
Company Pension: Employee850.0070.8365.3832.6916.353.360.475.00%
Company Pension: Employer510.0042.5039.2319.629.812.020.283.00%
Taxable Pay16,150.001,345.831,242.31621.15310.5863.838.8795.00%
Tax Due [PAYE]3,230.00269.17248.46124.2362.1212.771.7719.00%
National Insurance927.1277.2671.3235.6617.833.660.515.45%
Total Pay Deductions5,007.12417.26385.16192.5896.2919.792.7529.45%
Net Pay11,992.88999.41922.53461.26230.6347.406.5970.55%

Employers NIC Contribution1,066.1988.8582.0141.0120.504.210.596.27%
Salary Package [Cost of Employee]18,576.191,548.021,428.94714.47357.2373.4210.21109.27%

1 Percentage expressed in relation to Gross Income [£ 16,150.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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