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Boris Johnson Tax Calculator - £ 18,000.00 Salary Example (£18K 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 £ 18,000.00 Salary (£18K Salary). The illustration also includes an overview of a current 2023 salary example for £ 18,000.00 and an salary example for £ 18,000.00 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 | 12663.84 | 12638.88 | 12638.88 |
| Difference | n/a | -24.959999999999 | -24.959999999999 |
| Take Home | 70.35% | 70.22% | 70.22% |
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: £ 18,000.00
- 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 £ 18,000.00 (Current)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 18,000.00 | 1,500.00 | 1,384.62 | 692.31 | 346.15 | 71.15 | 9.89 | 100.00% |
| Adjusted Gross Income2 | 17,100.00 | 1,425.00 | 1,315.38 | 657.69 | 328.85 | 67.59 | 9.40 | 95.00% |
| Company Pension: Employee | 900.00 | 75.00 | 69.23 | 34.62 | 17.31 | 3.56 | 0.49 | 5.00% |
| Company Pension: Employer | 540.00 | 45.00 | 41.54 | 20.77 | 10.38 | 2.13 | 0.30 | 3.00% |
| Taxable Pay | 17,100.00 | 1,425.00 | 1,315.38 | 657.69 | 328.85 | 67.59 | 9.40 | 95.00% |
| Tax Due [PAYE] | 3,420.00 | 285.00 | 263.08 | 131.54 | 65.77 | 13.52 | 1.88 | 19.00% |
| National Insurance | 1,016.16 | 84.68 | 78.17 | 39.08 | 19.54 | 4.02 | 0.56 | 5.65% |
| Total Pay Deductions | 5,336.16 | 444.68 | 410.47 | 205.24 | 102.62 | 21.09 | 2.93 | 29.65% |
| Net Pay | 12,663.84 | 1,055.32 | 974.14 | 487.07 | 243.54 | 50.05 | 6.96 | 70.35% |
| Employers NIC Contribution | 1,168.58 | 97.38 | 89.89 | 44.95 | 22.47 | 4.62 | 0.64 | 6.49% |
| Salary Package [Cost of Employee] | 19,708.58 | 1,642.38 | 1,516.04 | 758.02 | 379.01 | 77.90 | 10.83 | 109.49% |
1 Percentage expressed in relation to Gross Income [£ 17,100.00].
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2023 Salary Example for £ 18,000.00 (Planned by Boris Johnson)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 18,000.00 | 1,500.00 | 1,384.62 | 692.31 | 346.15 | 71.15 | 9.89 | 100.00% |
| Adjusted Gross Income2 | 17,100.00 | 1,425.00 | 1,315.38 | 657.69 | 328.85 | 67.59 | 9.40 | 95.00% |
| Company Pension: Employee | 900.00 | 75.00 | 69.23 | 34.62 | 17.31 | 3.56 | 0.49 | 5.00% |
| Company Pension: Employer | 540.00 | 45.00 | 41.54 | 20.77 | 10.38 | 2.13 | 0.30 | 3.00% |
| Taxable Pay | 17,100.00 | 1,425.00 | 1,315.38 | 657.69 | 328.85 | 67.59 | 9.40 | 95.00% |
| Tax Due [PAYE] | 3,420.00 | 285.00 | 263.08 | 131.54 | 65.77 | 13.52 | 1.88 | 19.00% |
| National Insurance | 1,041.12 | 86.76 | 80.09 | 40.04 | 20.02 | 4.12 | 0.57 | 5.78% |
| Total Pay Deductions | 5,361.12 | 446.76 | 412.39 | 206.20 | 103.10 | 21.19 | 2.95 | 29.78% |
| Net Pay | 12,638.88 | 1,053.24 | 972.22 | 486.11 | 243.06 | 49.96 | 6.94 | 70.22% |
| Employers NIC Contribution | 1,197.29 | 99.77 | 92.10 | 46.05 | 23.02 | 4.73 | 0.66 | 6.65% |
| Salary Package [Cost of Employee] | 19,737.29 | 1,644.77 | 1,518.25 | 759.13 | 379.56 | 78.01 | 10.84 | 109.65% |
1 Percentage expressed in relation to Gross Income [£ 17,100.00].
2023 Salary Example for £ 18,000.00 (Suggested by iCalculator)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 18,000.00 | 1,500.00 | 1,384.62 | 692.31 | 346.15 | 71.15 | 9.89 | 100.00% |
| Adjusted Gross Income2 | 17,100.00 | 1,425.00 | 1,315.38 | 657.69 | 328.85 | 67.59 | 9.40 | 95.00% |
| Company Pension: Employee | 900.00 | 75.00 | 69.23 | 34.62 | 17.31 | 3.56 | 0.49 | 5.00% |
| Company Pension: Employer | 540.00 | 45.00 | 41.54 | 20.77 | 10.38 | 2.13 | 0.30 | 3.00% |
| Taxable Pay | 17,100.00 | 1,425.00 | 1,315.38 | 657.69 | 328.85 | 67.59 | 9.40 | 95.00% |
| Tax Due [PAYE] | 3,420.00 | 285.00 | 263.08 | 131.54 | 65.77 | 13.52 | 1.88 | 19.00% |
| National Insurance | 1,041.12 | 86.76 | 80.09 | 40.04 | 20.02 | 4.12 | 0.57 | 5.78% |
| Total Pay Deductions | 5,361.12 | 446.76 | 412.39 | 206.20 | 103.10 | 21.19 | 2.95 | 29.78% |
| Net Pay | 12,638.88 | 1,053.24 | 972.22 | 486.11 | 243.06 | 49.96 | 6.94 | 70.22% |
| Employers NIC Contribution | 1,197.29 | 99.77 | 92.10 | 46.05 | 23.02 | 4.73 | 0.66 | 6.65% |
| Salary Package [Cost of Employee] | 19,737.29 | 1,644.77 | 1,518.25 | 759.13 | 379.56 | 78.01 | 10.84 | 109.65% |
1 Percentage expressed in relation to Gross Income [£ 17,100.00].
Further Reading
Boris Johnsons Plan for changes to the Higher Rate Tax Threshold
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