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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 2023 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.
| What | Current (2019) | Boris £80k Higher Rate Threshold | iCalculator™ £30k Personal Allowance |
|---|---|---|---|
| Net Pay | 14601.84 | 14576.88 | 14576.88 |
| Difference | n/a | -24.959999999999 | -24.959999999999 |
| Take Home | 69.53% | 69.41% | 69.41% |
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:
- Annual Salary before tax: £ 21,000.00
- 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 £ 21,000.00 (Current)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 21,000.00 | 1,750.00 | 1,615.38 | 807.69 | 403.85 | 83.00 | 11.54 | 100.00% |
| Adjusted Gross Income2 | 19,950.00 | 1,662.50 | 1,534.62 | 767.31 | 383.65 | 78.85 | 10.96 | 95.00% |
| Company Pension: Employee | 1,050.00 | 87.50 | 80.77 | 40.38 | 20.19 | 4.15 | 0.58 | 5.00% |
| Company Pension: Employer | 630.00 | 52.50 | 48.46 | 24.23 | 12.12 | 2.49 | 0.35 | 3.00% |
| Taxable Pay | 19,950.00 | 1,662.50 | 1,534.62 | 767.31 | 383.65 | 78.85 | 10.96 | 95.00% |
| Tax Due [PAYE] | 3,990.00 | 332.50 | 306.92 | 153.46 | 76.73 | 15.77 | 2.19 | 19.00% |
| National Insurance | 1,358.16 | 113.18 | 104.47 | 52.24 | 26.12 | 5.37 | 0.75 | 6.47% |
| Total Pay Deductions | 6,398.16 | 533.18 | 492.17 | 246.08 | 123.04 | 25.29 | 3.52 | 30.47% |
| Net Pay | 14,601.84 | 1,216.82 | 1,123.22 | 561.61 | 280.80 | 57.71 | 8.02 | 69.53% |
| Employers NIC Contribution | 1,561.88 | 130.16 | 120.14 | 60.07 | 30.04 | 6.17 | 0.86 | 7.44% |
| Salary Package [Cost of Employee] | 23,191.88 | 1,932.66 | 1,783.99 | 892.00 | 446.00 | 91.67 | 12.74 | 110.44% |
1 Percentage expressed in relation to Gross Income [£ 19,950.00].
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2023 Salary Example for £ 21,000.00 (Planned by Boris Johnson)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 21,000.00 | 1,750.00 | 1,615.38 | 807.69 | 403.85 | 83.00 | 11.54 | 100.00% |
| Adjusted Gross Income2 | 19,950.00 | 1,662.50 | 1,534.62 | 767.31 | 383.65 | 78.85 | 10.96 | 95.00% |
| Company Pension: Employee | 1,050.00 | 87.50 | 80.77 | 40.38 | 20.19 | 4.15 | 0.58 | 5.00% |
| Company Pension: Employer | 630.00 | 52.50 | 48.46 | 24.23 | 12.12 | 2.49 | 0.35 | 3.00% |
| Taxable Pay | 19,950.00 | 1,662.50 | 1,534.62 | 767.31 | 383.65 | 78.85 | 10.96 | 95.00% |
| Tax Due [PAYE] | 3,990.00 | 332.50 | 306.92 | 153.46 | 76.73 | 15.77 | 2.19 | 19.00% |
| National Insurance | 1,383.12 | 115.26 | 106.39 | 53.20 | 26.60 | 5.47 | 0.76 | 6.59% |
| Total Pay Deductions | 6,423.12 | 535.26 | 494.09 | 247.04 | 123.52 | 25.39 | 3.53 | 30.59% |
| Net Pay | 14,576.88 | 1,214.74 | 1,121.30 | 560.65 | 280.32 | 57.62 | 8.01 | 69.41% |
| Employers NIC Contribution | 1,590.59 | 132.55 | 122.35 | 61.18 | 30.59 | 6.29 | 0.87 | 7.57% |
| Salary Package [Cost of Employee] | 23,220.59 | 1,935.05 | 1,786.20 | 893.10 | 446.55 | 91.78 | 12.76 | 110.57% |
1 Percentage expressed in relation to Gross Income [£ 19,950.00].
2023 Salary Example for £ 21,000.00 (Suggested by iCalculator)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 21,000.00 | 1,750.00 | 1,615.38 | 807.69 | 403.85 | 83.00 | 11.54 | 100.00% |
| Adjusted Gross Income2 | 19,950.00 | 1,662.50 | 1,534.62 | 767.31 | 383.65 | 78.85 | 10.96 | 95.00% |
| Company Pension: Employee | 1,050.00 | 87.50 | 80.77 | 40.38 | 20.19 | 4.15 | 0.58 | 5.00% |
| Company Pension: Employer | 630.00 | 52.50 | 48.46 | 24.23 | 12.12 | 2.49 | 0.35 | 3.00% |
| Taxable Pay | 19,950.00 | 1,662.50 | 1,534.62 | 767.31 | 383.65 | 78.85 | 10.96 | 95.00% |
| Tax Due [PAYE] | 3,990.00 | 332.50 | 306.92 | 153.46 | 76.73 | 15.77 | 2.19 | 19.00% |
| National Insurance | 1,383.12 | 115.26 | 106.39 | 53.20 | 26.60 | 5.47 | 0.76 | 6.59% |
| Total Pay Deductions | 6,423.12 | 535.26 | 494.09 | 247.04 | 123.52 | 25.39 | 3.53 | 30.59% |
| Net Pay | 14,576.88 | 1,214.74 | 1,121.30 | 560.65 | 280.32 | 57.62 | 8.01 | 69.41% |
| Employers NIC Contribution | 1,590.59 | 132.55 | 122.35 | 61.18 | 30.59 | 6.29 | 0.87 | 7.57% |
| Salary Package [Cost of Employee] | 23,220.59 | 1,935.05 | 1,786.20 | 893.10 | 446.55 | 91.78 | 12.76 | 110.57% |
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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