Boris Johnson Tax Calculator - £23,000.00 Salary Example (£23K 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 £23,000.00 Salary (£23K Salary). The illustration also includes an overview of a current 2019 salary example for £23,000.00 and an salary example for £23,000.00 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
£23,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay18393.8418368.8820238.88
Difference n/a-24.9599999999991845.04
Take Home79.97%79.86%88.00%

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: £23,000.00
  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 £23,000.00 (Current)

£23,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income23,000.001,916.671,769.23884.62442.3190.9112.64100.00%
Adjusted Gross Income221,850.001,820.831,680.77840.38420.1986.3612.0195.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8754.35%
Company Pension: Employee1,150.0095.8388.4644.2322.124.550.635.00%
Company Pension: Employer690.0057.5053.0826.5413.272.730.383.00%
Taxable Pay9,350.00779.17719.23359.62179.8136.965.1440.65%
Tax Due [PAYE]1,870.00155.83143.8571.9235.967.391.038.13%
National Insurance1,586.16132.18122.0161.0130.506.270.876.90%
Total Pay Deductions4,606.16383.85354.32177.1688.5818.212.5320.03%
Net Pay18,393.841,532.821,414.91707.46353.7372.7010.1179.97%

Employers NIC Contribution1,824.08152.01140.3170.1635.087.211.007.93%
Salary Package [Cost of Employee]25,514.082,126.171,962.62981.31490.66100.8514.02110.93%

1 Percentage expressed in relation to Gross Income [£21,850.00].

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2019 Salary Example for £23,000.00 (Planned by Boris Johnson)

£23,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income23,000.001,916.671,769.23884.62442.3190.9112.64100.00%
Adjusted Gross Income221,850.001,820.831,680.77840.38420.1986.3612.0195.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8754.35%
Company Pension: Employee1,150.0095.8388.4644.2322.124.550.635.00%
Company Pension: Employer690.0057.5053.0826.5413.272.730.383.00%
Taxable Pay9,350.00779.17719.23359.62179.8136.965.1440.65%
Tax Due [PAYE]1,870.00155.83143.8571.9235.967.391.038.13%
National Insurance1,611.12134.26123.9361.9730.986.370.897.00%
Total Pay Deductions4,631.12385.93356.24178.1289.0618.302.5420.14%
Net Pay18,368.881,530.741,412.99706.50353.2572.6010.0979.86%

Employers NIC Contribution1,852.79154.40142.5271.2635.637.321.028.06%
Salary Package [Cost of Employee]25,542.792,128.571,964.83982.41491.21100.9614.03111.06%

1 Percentage expressed in relation to Gross Income [£21,850.00].

2019 Salary Example for £23,000.00 (Suggested by iCalculator)

£23,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income23,000.001,916.671,769.23884.62442.3190.9112.64100.00%
Adjusted Gross Income221,850.001,820.831,680.77840.38420.1986.3612.0195.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.48130.43%
Company Pension: Employee1,150.0095.8388.4644.2322.124.550.635.00%
Company Pension: Employer690.0057.5053.0826.5413.272.730.383.00%
National Insurance1,611.12134.26123.9361.9730.986.370.897.00%
Total Pay Deductions2,761.12230.09212.39106.2053.1010.911.5212.00%
Net Pay20,238.881,686.571,556.84778.42389.2180.0011.1288.00%

Employers NIC Contribution1,852.79154.40142.5271.2635.637.321.028.06%
Salary Package [Cost of Employee]25,542.792,128.571,964.83982.41491.21100.9614.03111.06%

1 Percentage expressed in relation to Gross Income [£21,850.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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