Boris Johnson Tax Calculator - £3,000.00 Salary Example (£3K 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 £3,000.00 Salary (£3K Salary). The illustration also includes an overview of a current 2019 salary example for £3,000.00 and an salary example for £3,000.00 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
£3,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay285028502850
Difference n/a00
Take Home95.00%95.00%95.00%

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: £3,000.00
  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 £3,000.00 (Current)

£3,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income3,000.00250.00230.77115.3857.6911.861.65100.00%
Adjusted Gross Income22,850.00237.50219.23109.6254.8111.261.5795.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.87416.67%
Company Pension: Employee150.0012.5011.545.772.880.590.085.00%
Company Pension: Employer90.007.506.923.461.730.360.053.00%
Total Pay Deductions150.0012.5011.545.772.880.590.085.00%
Net Pay2,850.00237.50219.23109.6254.8111.261.5795.00%

Salary Package [Cost of Employee]3,090.00257.50237.69118.8559.4212.211.70103.00%

1 Percentage expressed in relation to Gross Income [£2,850.00].

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2019 Salary Example for £3,000.00 (Planned by Boris Johnson)

£3,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income3,000.00250.00230.77115.3857.6911.861.65100.00%
Adjusted Gross Income22,850.00237.50219.23109.6254.8111.261.5795.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.87416.67%
Company Pension: Employee150.0012.5011.545.772.880.590.085.00%
Company Pension: Employer90.007.506.923.461.730.360.053.00%
Total Pay Deductions150.0012.5011.545.772.880.590.085.00%
Net Pay2,850.00237.50219.23109.6254.8111.261.5795.00%

Salary Package [Cost of Employee]3,090.00257.50237.69118.8559.4212.211.70103.00%

1 Percentage expressed in relation to Gross Income [£2,850.00].

2019 Salary Example for £3,000.00 (Suggested by iCalculator)

£3,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income3,000.00250.00230.77115.3857.6911.861.65100.00%
Adjusted Gross Income22,850.00237.50219.23109.6254.8111.261.5795.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.481,000.00%
Company Pension: Employee150.0012.5011.545.772.880.590.085.00%
Company Pension: Employer90.007.506.923.461.730.360.053.00%
Total Pay Deductions150.0012.5011.545.772.880.590.085.00%
Net Pay2,850.00237.50219.23109.6254.8111.261.5795.00%

Salary Package [Cost of Employee]3,090.00257.50237.69118.8559.4212.211.70103.00%

1 Percentage expressed in relation to Gross Income [£2,850.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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