Boris Johnson Tax Calculator - £21,000.00 Salary Example (£21K 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 £21,000.00 Salary (£21K Salary). The illustration also includes an overview of a current 2019 salary example for £21,000.00 and an salary example for £21,000.00 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
£21,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay17076.8817076.8818566.88
Difference n/a01490
Take Home81.32%81.32%88.41%

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: £21,000.00
  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 £21,000.00 (Current)

£21,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income21,000.001,750.001,615.38807.69403.8583.0011.54100.00%
Adjusted Gross Income219,950.001,662.501,534.62767.31383.6578.8510.9695.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8759.52%
Company Pension: Employee1,050.0087.5080.7740.3820.194.150.585.00%
Company Pension: Employer630.0052.5048.4624.2312.122.490.353.00%
Taxable Pay7,450.00620.83573.08286.54143.2729.454.0935.48%
Tax Due [PAYE]1,490.00124.17114.6257.3128.655.890.827.10%
National Insurance1,383.12115.26106.3953.2026.605.470.766.59%
Total Pay Deductions3,923.12326.93301.78150.8975.4415.512.1618.68%
Net Pay17,076.881,423.071,313.61656.80328.4067.509.3881.32%

Employers NIC Contribution1,590.59132.55122.3561.1830.596.290.877.57%
Salary Package [Cost of Employee]23,220.591,935.051,786.20893.10446.5591.7812.76110.57%

1 Percentage expressed in relation to Gross Income [£19,950.00].

2019 Salary Example for £21,000.00 (Planned by Boris Johnson)

£21,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income21,000.001,750.001,615.38807.69403.8583.0011.54100.00%
Adjusted Gross Income219,950.001,662.501,534.62767.31383.6578.8510.9695.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8759.52%
Company Pension: Employee1,050.0087.5080.7740.3820.194.150.585.00%
Company Pension: Employer630.0052.5048.4624.2312.122.490.353.00%
Taxable Pay7,450.00620.83573.08286.54143.2729.454.0935.48%
Tax Due [PAYE]1,490.00124.17114.6257.3128.655.890.827.10%
National Insurance1,383.12115.26106.3953.2026.605.470.766.59%
Total Pay Deductions3,923.12326.93301.78150.8975.4415.512.1618.68%
Net Pay17,076.881,423.071,313.61656.80328.4067.509.3881.32%

Employers NIC Contribution1,590.59132.55122.3561.1830.596.290.877.57%
Salary Package [Cost of Employee]23,220.591,935.051,786.20893.10446.5591.7812.76110.57%

1 Percentage expressed in relation to Gross Income [£19,950.00].

2019 Salary Example for £21,000.00 (Suggested by iCalculator)

£21,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income21,000.001,750.001,615.38807.69403.8583.0011.54100.00%
Adjusted Gross Income219,950.001,662.501,534.62767.31383.6578.8510.9695.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.48142.86%
Company Pension: Employee1,050.0087.5080.7740.3820.194.150.585.00%
Company Pension: Employer630.0052.5048.4624.2312.122.490.353.00%
National Insurance1,383.12115.26106.3953.2026.605.470.766.59%
Total Pay Deductions2,433.12202.76187.1693.5846.799.621.3411.59%
Net Pay18,566.881,547.241,428.22714.11357.0673.3910.2088.41%

Employers NIC Contribution1,590.59132.55122.3561.1830.596.290.877.57%
Salary Package [Cost of Employee]23,220.591,935.051,786.20893.10446.5591.7812.76110.57%

1 Percentage expressed in relation to Gross Income [£19,950.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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