Boris Johnson Tax Calculator - £ 28,000.00 Salary Example (£28K 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 £ 28,000.00 Salary (£28K Salary). The illustration also includes an overview of a current 2023 salary example for £ 28,000.00 and an salary example for £ 28,000.00 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.

£ 28,000.00 Salary Comparison

What	Current (2019)	Boris £80k Higher Rate Threshold	iCalculator™ £30k Personal Allowance
Net Pay	19123.84	19098.88	17778.88
Difference	n/a	-24.959999999999	-1344.96
Take Home	68.30%	68.21%	63.50%

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: £ 28,000.00
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 £ 28,000.00 (Current)

£ 28,000.00 Salary Example 2023/24 Tax Year

	Yearly	Monthly	4 Weekly	2 Weekly	Weekly	Daily	Hourly	%1
Gross Income	28,000.00	2,333.33	2,153.85	1,076.92	538.46	110.67	15.38	100.00%
Adjusted Gross Income2	26,600.00	2,216.67	2,046.15	1,023.08	511.54	105.14	14.62	95.00%
Company Pension: Employee	1,400.00	116.67	107.69	53.85	26.92	5.53	0.77	5.00%
Company Pension: Employer	840.00	70.00	64.62	32.31	16.15	3.32	0.46	3.00%
Taxable Pay	26,600.00	2,216.67	2,046.15	1,023.08	511.54	105.14	14.62	95.00%
Tax Due [PAYE]	5,320.00	443.33	409.23	204.62	102.31	21.03	2.92	19.00%
National Insurance	2,156.16	179.68	165.86	82.93	41.46	8.52	1.18	7.70%
Total Pay Deductions	8,876.16	739.68	682.78	341.39	170.70	35.08	4.88	31.70%
Net Pay	19,123.84	1,593.65	1,471.06	735.53	367.77	75.59	10.51	68.30%
Employers NIC Contribution	2,479.58	206.63	190.74	95.37	47.68	9.80	1.36	8.86%
Salary Package [Cost of Employee]	31,319.58	2,609.97	2,409.20	1,204.60	602.30	123.79	17.21	111.86%

¹ Percentage expressed in relation to Gross Income [£ 26,600.00].

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2023 Salary Example for £ 28,000.00 (Planned by Boris Johnson)

£ 28,000.00 Salary Example 2023/24 Tax Year (Planned by Boris Johnson)

	Yearly	Monthly	4 Weekly	2 Weekly	Weekly	Daily	Hourly	%1
Gross Income	28,000.00	2,333.33	2,153.85	1,076.92	538.46	110.67	15.38	100.00%
Adjusted Gross Income2	26,600.00	2,216.67	2,046.15	1,023.08	511.54	105.14	14.62	95.00%
Company Pension: Employee	1,400.00	116.67	107.69	53.85	26.92	5.53	0.77	5.00%
Company Pension: Employer	840.00	70.00	64.62	32.31	16.15	3.32	0.46	3.00%
Taxable Pay	26,600.00	2,216.67	2,046.15	1,023.08	511.54	105.14	14.62	95.00%
Tax Due [PAYE]	5,320.00	443.33	409.23	204.62	102.31	21.03	2.92	19.00%
National Insurance	2,181.12	181.76	167.78	83.89	41.94	8.62	1.20	7.79%
Total Pay Deductions	8,901.12	741.76	684.70	342.35	171.18	35.18	4.89	31.79%
Net Pay	19,098.88	1,591.57	1,469.14	734.57	367.29	75.49	10.49	68.21%
Employers NIC Contribution	2,508.29	209.02	192.95	96.47	48.24	9.91	1.38	8.96%
Salary Package [Cost of Employee]	31,348.29	2,612.36	2,411.41	1,205.70	602.85	123.91	17.22	111.96%

¹ Percentage expressed in relation to Gross Income [£ 26,600.00].

2023 Salary Example for £ 28,000.00 (Suggested by iCalculator)

£ 28,000.00 Salary Example 2023/24 Tax Year (Suggested by iCalculator)

	Yearly	Monthly	4 Weekly	2 Weekly	Weekly	Daily	Hourly	%1
Gross Income	28,000.00	2,333.33	2,153.85	1,076.92	538.46	110.67	15.38	100.00%
Adjusted Gross Income2	26,600.00	2,216.67	2,046.15	1,023.08	511.54	105.14	14.62	95.00%
Company Pension: Employee	1,400.00	116.67	107.69	53.85	26.92	5.53	0.77	5.00%
Company Pension: Employer	840.00	70.00	64.62	32.31	16.15	3.32	0.46	3.00%
Taxable Pay	26,600.00	2,216.67	2,046.15	1,023.08	511.54	105.14	14.62	95.00%
Tax Due [PAYE]	6,640.00	553.33	510.77	255.38	127.69	26.25	3.65	23.71%
National Insurance	2,181.12	181.76	167.78	83.89	41.94	8.62	1.20	7.79%
Total Pay Deductions	10,221.12	851.76	786.24	393.12	196.56	40.40	5.62	36.50%
Net Pay	17,778.88	1,481.57	1,367.61	683.80	341.90	70.27	9.77	63.50%
Employers NIC Contribution	2,508.29	209.02	192.95	96.47	48.24	9.91	1.38	8.96%
Salary Package [Cost of Employee]	31,348.29	2,612.36	2,411.41	1,205.70	602.85	123.91	17.22	111.96%

¹ Percentage expressed in relation to Gross Income [£ 26,600.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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