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 2019 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 Pay16455.8416430.8817730.88
Difference n/a-24.9599999999991275.04
Take Home82.28%82.15%88.65%

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)

2019 Salary Example for £20,000.00 (Current)

£20,000.00 Salary Example 2019/20 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%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8762.50%
Company Pension: Employee1,000.0083.3376.9238.4619.233.950.555.00%
Company Pension: Employer600.0050.0046.1523.0811.542.370.333.00%
Taxable Pay6,500.00541.67500.00250.00125.0025.693.5732.50%
Tax Due [PAYE]1,300.00108.33100.0050.0025.005.140.716.50%
National Insurance1,244.16103.6895.7047.8523.934.920.686.22%
Total Pay Deductions3,544.16295.35272.63136.3168.1614.011.9517.72%
Net Pay16,455.841,371.321,265.83632.92316.4665.049.0482.28%

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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2019 Salary Example for £20,000.00 (Planned by Boris Johnson)

£20,000.00 Salary Example 2019/20 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%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8762.50%
Company Pension: Employee1,000.0083.3376.9238.4619.233.950.555.00%
Company Pension: Employer600.0050.0046.1523.0811.542.370.333.00%
Taxable Pay6,500.00541.67500.00250.00125.0025.693.5732.50%
Tax Due [PAYE]1,300.00108.33100.0050.0025.005.140.716.50%
National Insurance1,269.12105.7697.6248.8124.415.020.706.35%
Total Pay Deductions3,569.12297.43274.55137.2768.6414.111.9617.85%
Net Pay16,430.881,369.241,263.91631.96315.9864.949.0382.15%

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].

2019 Salary Example for £20,000.00 (Suggested by iCalculator)

£20,000.00 Salary Example 2019/20 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%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.48150.00%
Company Pension: Employee1,000.0083.3376.9238.4619.233.950.555.00%
Company Pension: Employer600.0050.0046.1523.0811.542.370.333.00%
National Insurance1,269.12105.7697.6248.8124.415.020.706.35%
Total Pay Deductions2,269.12189.09174.5587.2743.648.971.2511.35%
Net Pay17,730.881,477.571,363.91681.96340.9870.089.7488.65%

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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