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Boris Johnson Tax Calculator - £ 26,000.00 Salary Example (£26K 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 £ 26,000.00 Salary (£26K Salary). The illustration also includes an overview of a current 2023 salary example for £ 26,000.00 and an salary example for £ 26,000.00 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 | 17831.84 | 17806.88 | 16866.88 |
| Difference | n/a | -24.959999999999 | -964.96 |
| Take Home | 68.58% | 68.49% | 64.87% |
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: £ 26,000.00
- 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 £ 26,000.00 (Current)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 26,000.00 | 2,166.67 | 2,000.00 | 1,000.00 | 500.00 | 102.77 | 14.29 | 100.00% |
| Adjusted Gross Income2 | 24,700.00 | 2,058.33 | 1,900.00 | 950.00 | 475.00 | 97.63 | 13.57 | 95.00% |
| Company Pension: Employee | 1,300.00 | 108.33 | 100.00 | 50.00 | 25.00 | 5.14 | 0.71 | 5.00% |
| Company Pension: Employer | 780.00 | 65.00 | 60.00 | 30.00 | 15.00 | 3.08 | 0.43 | 3.00% |
| Taxable Pay | 24,700.00 | 2,058.33 | 1,900.00 | 950.00 | 475.00 | 97.63 | 13.57 | 95.00% |
| Tax Due [PAYE] | 4,940.00 | 411.67 | 380.00 | 190.00 | 95.00 | 19.53 | 2.71 | 19.00% |
| National Insurance | 1,928.16 | 160.68 | 148.32 | 74.16 | 37.08 | 7.62 | 1.06 | 7.42% |
| Total Pay Deductions | 8,168.16 | 680.68 | 628.32 | 314.16 | 157.08 | 32.29 | 4.49 | 31.42% |
| Net Pay | 17,831.84 | 1,485.99 | 1,371.68 | 685.84 | 342.92 | 70.48 | 9.80 | 68.58% |
| Employers NIC Contribution | 2,217.38 | 184.78 | 170.57 | 85.28 | 42.64 | 8.76 | 1.22 | 8.53% |
| Salary Package [Cost of Employee] | 28,997.38 | 2,416.45 | 2,230.57 | 1,115.28 | 557.64 | 114.61 | 15.93 | 111.53% |
1 Percentage expressed in relation to Gross Income [£ 24,700.00].
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2023 Salary Example for £ 26,000.00 (Planned by Boris Johnson)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 26,000.00 | 2,166.67 | 2,000.00 | 1,000.00 | 500.00 | 102.77 | 14.29 | 100.00% |
| Adjusted Gross Income2 | 24,700.00 | 2,058.33 | 1,900.00 | 950.00 | 475.00 | 97.63 | 13.57 | 95.00% |
| Company Pension: Employee | 1,300.00 | 108.33 | 100.00 | 50.00 | 25.00 | 5.14 | 0.71 | 5.00% |
| Company Pension: Employer | 780.00 | 65.00 | 60.00 | 30.00 | 15.00 | 3.08 | 0.43 | 3.00% |
| Taxable Pay | 24,700.00 | 2,058.33 | 1,900.00 | 950.00 | 475.00 | 97.63 | 13.57 | 95.00% |
| Tax Due [PAYE] | 4,940.00 | 411.67 | 380.00 | 190.00 | 95.00 | 19.53 | 2.71 | 19.00% |
| National Insurance | 1,953.12 | 162.76 | 150.24 | 75.12 | 37.56 | 7.72 | 1.07 | 7.51% |
| Total Pay Deductions | 8,193.12 | 682.76 | 630.24 | 315.12 | 157.56 | 32.38 | 4.50 | 31.51% |
| Net Pay | 17,806.88 | 1,483.91 | 1,369.76 | 684.88 | 342.44 | 70.38 | 9.78 | 68.49% |
| Employers NIC Contribution | 2,246.09 | 187.17 | 172.78 | 86.39 | 43.19 | 8.88 | 1.23 | 8.64% |
| Salary Package [Cost of Employee] | 29,026.09 | 2,418.84 | 2,232.78 | 1,116.39 | 558.19 | 114.73 | 15.95 | 111.64% |
1 Percentage expressed in relation to Gross Income [£ 24,700.00].
2023 Salary Example for £ 26,000.00 (Suggested by iCalculator)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 26,000.00 | 2,166.67 | 2,000.00 | 1,000.00 | 500.00 | 102.77 | 14.29 | 100.00% |
| Adjusted Gross Income2 | 24,700.00 | 2,058.33 | 1,900.00 | 950.00 | 475.00 | 97.63 | 13.57 | 95.00% |
| Company Pension: Employee | 1,300.00 | 108.33 | 100.00 | 50.00 | 25.00 | 5.14 | 0.71 | 5.00% |
| Company Pension: Employer | 780.00 | 65.00 | 60.00 | 30.00 | 15.00 | 3.08 | 0.43 | 3.00% |
| Taxable Pay | 24,700.00 | 2,058.33 | 1,900.00 | 950.00 | 475.00 | 97.63 | 13.57 | 95.00% |
| Tax Due [PAYE] | 5,880.00 | 490.00 | 452.31 | 226.15 | 113.08 | 23.24 | 3.23 | 22.62% |
| National Insurance | 1,953.12 | 162.76 | 150.24 | 75.12 | 37.56 | 7.72 | 1.07 | 7.51% |
| Total Pay Deductions | 9,133.12 | 761.09 | 702.55 | 351.27 | 175.64 | 36.10 | 5.02 | 35.13% |
| Net Pay | 16,866.88 | 1,405.57 | 1,297.45 | 648.73 | 324.36 | 66.67 | 9.27 | 64.87% |
| Employers NIC Contribution | 2,246.09 | 187.17 | 172.78 | 86.39 | 43.19 | 8.88 | 1.23 | 8.64% |
| Salary Package [Cost of Employee] | 29,026.09 | 2,418.84 | 2,232.78 | 1,116.39 | 558.19 | 114.73 | 15.95 | 111.64% |
1 Percentage expressed in relation to Gross Income [£ 24,700.00].
Further Reading
Boris Johnsons Plan for changes to the Higher Rate Tax Threshold
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