Boris Johnson Tax Calculator - £ 22,000.00 Salary Example (£22K 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 £ 22,000.00 Salary (£22K Salary). The illustration also includes an overview of a current 2023 salary example for £ 22,000.00 and an salary example for £ 22,000.00 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.

£ 22,000.00 Salary Comparison

What	Current (2019)	Boris £80k Higher Rate Threshold	iCalculator™ £30k Personal Allowance
Net Pay	15247.84	15222.88	15042.88
Difference	n/a	-24.959999999999	-204.96
Take Home	69.31%	69.19%	68.38%

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: £ 22,000.00
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 £ 22,000.00 (Current)

£ 22,000.00 Salary Example 2023/24 Tax Year

	Yearly	Monthly	4 Weekly	2 Weekly	Weekly	Daily	Hourly	%1
Gross Income	22,000.00	1,833.33	1,692.31	846.15	423.08	86.96	12.09	100.00%
Adjusted Gross Income2	20,900.00	1,741.67	1,607.69	803.85	401.92	82.61	11.48	95.00%
Company Pension: Employee	1,100.00	91.67	84.62	42.31	21.15	4.35	0.60	5.00%
Company Pension: Employer	660.00	55.00	50.77	25.38	12.69	2.61	0.36	3.00%
Taxable Pay	20,900.00	1,741.67	1,607.69	803.85	401.92	82.61	11.48	95.00%
Tax Due [PAYE]	4,180.00	348.33	321.54	160.77	80.38	16.52	2.30	19.00%
National Insurance	1,472.16	122.68	113.24	56.62	28.31	5.82	0.81	6.69%
Total Pay Deductions	6,752.16	562.68	519.40	259.70	129.85	26.69	3.71	30.69%
Net Pay	15,247.84	1,270.65	1,172.91	586.46	293.23	60.27	8.38	69.31%
Employers NIC Contribution	1,692.98	141.08	130.23	65.11	32.56	6.69	0.93	7.70%
Salary Package [Cost of Employee]	24,352.98	2,029.42	1,873.31	936.65	468.33	96.26	13.38	110.70%

¹ Percentage expressed in relation to Gross Income [£ 20,900.00].

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2023 Salary Example for £ 22,000.00 (Planned by Boris Johnson)

£ 22,000.00 Salary Example 2023/24 Tax Year (Planned by Boris Johnson)

	Yearly	Monthly	4 Weekly	2 Weekly	Weekly	Daily	Hourly	%1
Gross Income	22,000.00	1,833.33	1,692.31	846.15	423.08	86.96	12.09	100.00%
Adjusted Gross Income2	20,900.00	1,741.67	1,607.69	803.85	401.92	82.61	11.48	95.00%
Company Pension: Employee	1,100.00	91.67	84.62	42.31	21.15	4.35	0.60	5.00%
Company Pension: Employer	660.00	55.00	50.77	25.38	12.69	2.61	0.36	3.00%
Taxable Pay	20,900.00	1,741.67	1,607.69	803.85	401.92	82.61	11.48	95.00%
Tax Due [PAYE]	4,180.00	348.33	321.54	160.77	80.38	16.52	2.30	19.00%
National Insurance	1,497.12	124.76	115.16	57.58	28.79	5.92	0.82	6.81%
Total Pay Deductions	6,777.12	564.76	521.32	260.66	130.33	26.79	3.72	30.81%
Net Pay	15,222.88	1,268.57	1,170.99	585.50	292.75	60.17	8.36	69.19%
Employers NIC Contribution	1,721.69	143.47	132.44	66.22	33.11	6.81	0.95	7.83%
Salary Package [Cost of Employee]	24,381.69	2,031.81	1,875.51	937.76	468.88	96.37	13.40	110.83%

¹ Percentage expressed in relation to Gross Income [£ 20,900.00].

2023 Salary Example for £ 22,000.00 (Suggested by iCalculator)

£ 22,000.00 Salary Example 2023/24 Tax Year (Suggested by iCalculator)

	Yearly	Monthly	4 Weekly	2 Weekly	Weekly	Daily	Hourly	%1
Gross Income	22,000.00	1,833.33	1,692.31	846.15	423.08	86.96	12.09	100.00%
Adjusted Gross Income2	20,900.00	1,741.67	1,607.69	803.85	401.92	82.61	11.48	95.00%
Company Pension: Employee	1,100.00	91.67	84.62	42.31	21.15	4.35	0.60	5.00%
Company Pension: Employer	660.00	55.00	50.77	25.38	12.69	2.61	0.36	3.00%
Taxable Pay	20,900.00	1,741.67	1,607.69	803.85	401.92	82.61	11.48	95.00%
Tax Due [PAYE]	4,360.00	363.33	335.38	167.69	83.85	17.23	2.40	19.82%
National Insurance	1,497.12	124.76	115.16	57.58	28.79	5.92	0.82	6.81%
Total Pay Deductions	6,957.12	579.76	535.16	267.58	133.79	27.50	3.82	31.62%
Net Pay	15,042.88	1,253.57	1,157.14	578.57	289.29	59.46	8.27	68.38%
Employers NIC Contribution	1,721.69	143.47	132.44	66.22	33.11	6.81	0.95	7.83%
Salary Package [Cost of Employee]	24,381.69	2,031.81	1,875.51	937.76	468.88	96.37	13.40	110.83%

¹ Percentage expressed in relation to Gross Income [£ 20,900.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

Join the Discussion on Facebook, share your thoughts and feelings on Boris' plan.