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Boris Johnson Tax Calculator - £ 20,000.00 Salary Example (£20K 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 £ 20,000.00 Salary (£20K Salary). The illustration also includes an overview of a current 2023 salary example for £ 20,000.00 and an salary example for £ 20,000.00 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
£ 20,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator™ £30k Personal Allowance
Net Pay13955.8413930.8813930.88
Difference n/a-24.959999999999-24.959999999999
Take Home69.78%69.65%69.65%

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: £ 20,000.00
  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 £ 20,000.00 (Current)

£ 20,000.00 Salary Example 2023/24 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income20,000.001,666.671,538.46769.23384.6279.0510.99100.00%
Adjusted Gross Income219,000.001,583.331,461.54730.77365.3875.1010.4495.00%
Company Pension: Employee1,000.0083.3376.9238.4619.233.950.555.00%
Company Pension: Employer600.0050.0046.1523.0811.542.370.333.00%
Taxable Pay19,000.001,583.331,461.54730.77365.3875.1010.4495.00%
Tax Due [PAYE]3,800.00316.67292.31146.1573.0815.022.0919.00%
National Insurance1,244.16103.6895.7047.8523.934.920.686.22%
Total Pay Deductions6,044.16503.68464.94232.47116.2323.893.3230.22%
Net Pay13,955.841,162.991,073.53536.76268.3855.167.6769.78%

Employers NIC Contribution1,430.78119.23110.0655.0327.525.660.797.15%
Salary Package [Cost of Employee]22,030.781,835.901,694.68847.34423.6787.0812.10110.15%

1 Percentage expressed in relation to Gross Income [£ 19,000.00].

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2023 Salary Example for £ 20,000.00 (Planned by Boris Johnson)

£ 20,000.00 Salary Example 2023/24 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income20,000.001,666.671,538.46769.23384.6279.0510.99100.00%
Adjusted Gross Income219,000.001,583.331,461.54730.77365.3875.1010.4495.00%
Company Pension: Employee1,000.0083.3376.9238.4619.233.950.555.00%
Company Pension: Employer600.0050.0046.1523.0811.542.370.333.00%
Taxable Pay19,000.001,583.331,461.54730.77365.3875.1010.4495.00%
Tax Due [PAYE]3,800.00316.67292.31146.1573.0815.022.0919.00%
National Insurance1,269.12105.7697.6248.8124.415.020.706.35%
Total Pay Deductions6,069.12505.76466.86233.43116.7123.993.3330.35%
Net Pay13,930.881,160.911,071.61535.80267.9055.067.6569.65%

Employers NIC Contribution1,459.49121.62112.2756.1328.075.770.807.30%
Salary Package [Cost of Employee]22,059.491,838.291,696.88848.44424.2287.1912.12110.30%

1 Percentage expressed in relation to Gross Income [£ 19,000.00].

2023 Salary Example for £ 20,000.00 (Suggested by iCalculator)

£ 20,000.00 Salary Example 2023/24 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income20,000.001,666.671,538.46769.23384.6279.0510.99100.00%
Adjusted Gross Income219,000.001,583.331,461.54730.77365.3875.1010.4495.00%
Company Pension: Employee1,000.0083.3376.9238.4619.233.950.555.00%
Company Pension: Employer600.0050.0046.1523.0811.542.370.333.00%
Taxable Pay19,000.001,583.331,461.54730.77365.3875.1010.4495.00%
Tax Due [PAYE]3,800.00316.67292.31146.1573.0815.022.0919.00%
National Insurance1,269.12105.7697.6248.8124.415.020.706.35%
Total Pay Deductions6,069.12505.76466.86233.43116.7123.993.3330.35%
Net Pay13,930.881,160.911,071.61535.80267.9055.067.6569.65%

Employers NIC Contribution1,459.49121.62112.2756.1328.075.770.807.30%
Salary Package [Cost of Employee]22,059.491,838.291,696.88848.44424.2287.1912.12110.30%

1 Percentage expressed in relation to Gross Income [£ 19,000.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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