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 2019 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.

Boris Johnson tax Calculator
£26,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay20331.8420306.8822746.88
Difference n/a-24.9599999999992415.04
Take Home78.20%78.10%87.49%

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: £26,000.00
  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 £26,000.00 (Current)

£26,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income26,000.002,166.672,000.001,000.00500.00102.7714.29100.00%
Adjusted Gross Income224,700.002,058.331,900.00950.00475.0097.6313.5795.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8748.08%
Company Pension: Employee1,300.00108.33100.0050.0025.005.140.715.00%
Company Pension: Employer780.0065.0060.0030.0015.003.080.433.00%
Taxable Pay12,200.001,016.67938.46469.23234.6248.226.7046.92%
Tax Due [PAYE]2,440.00203.33187.6993.8546.929.641.349.38%
National Insurance1,928.16160.68148.3274.1637.087.621.067.42%
Total Pay Deductions5,668.16472.35436.01218.01109.0022.403.1121.80%
Net Pay20,331.841,694.321,563.99781.99391.0080.3611.1778.20%

Employers NIC Contribution2,217.38184.78170.5785.2842.648.761.228.53%
Salary Package [Cost of Employee]28,997.382,416.452,230.571,115.28557.64114.6115.93111.53%

1 Percentage expressed in relation to Gross Income [£24,700.00].

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2019 Salary Example for £26,000.00 (Planned by Boris Johnson)

£26,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income26,000.002,166.672,000.001,000.00500.00102.7714.29100.00%
Adjusted Gross Income224,700.002,058.331,900.00950.00475.0097.6313.5795.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8748.08%
Company Pension: Employee1,300.00108.33100.0050.0025.005.140.715.00%
Company Pension: Employer780.0065.0060.0030.0015.003.080.433.00%
Taxable Pay12,200.001,016.67938.46469.23234.6248.226.7046.92%
Tax Due [PAYE]2,440.00203.33187.6993.8546.929.641.349.38%
National Insurance1,953.12162.76150.2475.1237.567.721.077.51%
Total Pay Deductions5,693.12474.43437.93218.97109.4822.503.1321.90%
Net Pay20,306.881,692.241,562.07781.03390.5280.2611.1678.10%

Employers NIC Contribution2,246.09187.17172.7886.3943.198.881.238.64%
Salary Package [Cost of Employee]29,026.092,418.842,232.781,116.39558.19114.7315.95111.64%

1 Percentage expressed in relation to Gross Income [£24,700.00].

2019 Salary Example for £26,000.00 (Suggested by iCalculator)

£26,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income26,000.002,166.672,000.001,000.00500.00102.7714.29100.00%
Adjusted Gross Income224,700.002,058.331,900.00950.00475.0097.6313.5795.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.48115.38%
Company Pension: Employee1,300.00108.33100.0050.0025.005.140.715.00%
Company Pension: Employer780.0065.0060.0030.0015.003.080.433.00%
National Insurance1,953.12162.76150.2475.1237.567.721.077.51%
Total Pay Deductions3,253.12271.09250.24125.1262.5612.861.7912.51%
Net Pay22,746.881,895.571,749.76874.88437.4489.9112.5087.49%

Employers NIC Contribution2,246.09187.17172.7886.3943.198.881.238.64%
Salary Package [Cost of Employee]29,026.092,418.842,232.781,116.39558.19114.7315.95111.64%

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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