Boris Johnson Tax Calculator - £ 30,000.00 Salary Example (£30K 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 £ 30,000.00 Salary (£30K Salary). The illustration also includes an overview of a current 2023 salary example for £ 30,000.00 and an salary example for £ 30,000.00 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.

£ 30,000.00 Salary Comparison

What	Current (2019)	Boris £80k Higher Rate Threshold	iCalculator™ £30k Personal Allowance
Net Pay	20415.84	20390.88	18690.88
Difference	n/a	-24.959999999999	-1724.96
Take Home	68.05%	67.97%	62.30%

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: £ 30,000.00
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 £ 30,000.00 (Current)

£ 30,000.00 Salary Example 2023/24 Tax Year

	Yearly	Monthly	4 Weekly	2 Weekly	Weekly	Daily	Hourly	%1
Gross Income	30,000.00	2,500.00	2,307.69	1,153.85	576.92	118.58	16.48	100.00%
Adjusted Gross Income2	28,500.00	2,375.00	2,192.31	1,096.15	548.08	112.65	15.66	95.00%
Company Pension: Employee	1,500.00	125.00	115.38	57.69	28.85	5.93	0.82	5.00%
Company Pension: Employer	900.00	75.00	69.23	34.62	17.31	3.56	0.49	3.00%
Taxable Pay	28,500.00	2,375.00	2,192.31	1,096.15	548.08	112.65	15.66	95.00%
Tax Due [PAYE]	5,700.00	475.00	438.46	219.23	109.62	22.53	3.13	19.00%
National Insurance	2,384.16	198.68	183.40	91.70	45.85	9.42	1.31	7.95%
Total Pay Deductions	9,584.16	798.68	737.24	368.62	184.31	37.88	5.27	31.95%
Net Pay	20,415.84	1,701.32	1,570.45	785.22	392.61	80.70	11.22	68.05%
Employers NIC Contribution	2,741.78	228.48	210.91	105.45	52.73	10.84	1.51	9.14%
Salary Package [Cost of Employee]	33,641.78	2,803.48	2,587.83	1,293.91	646.96	132.97	18.48	112.14%

¹ Percentage expressed in relation to Gross Income [£ 28,500.00].

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2023 Salary Example for £ 30,000.00 (Planned by Boris Johnson)

£ 30,000.00 Salary Example 2023/24 Tax Year (Planned by Boris Johnson)

	Yearly	Monthly	4 Weekly	2 Weekly	Weekly	Daily	Hourly	%1
Gross Income	30,000.00	2,500.00	2,307.69	1,153.85	576.92	118.58	16.48	100.00%
Adjusted Gross Income2	28,500.00	2,375.00	2,192.31	1,096.15	548.08	112.65	15.66	95.00%
Company Pension: Employee	1,500.00	125.00	115.38	57.69	28.85	5.93	0.82	5.00%
Company Pension: Employer	900.00	75.00	69.23	34.62	17.31	3.56	0.49	3.00%
Taxable Pay	28,500.00	2,375.00	2,192.31	1,096.15	548.08	112.65	15.66	95.00%
Tax Due [PAYE]	5,700.00	475.00	438.46	219.23	109.62	22.53	3.13	19.00%
National Insurance	2,409.12	200.76	185.32	92.66	46.33	9.52	1.32	8.03%
Total Pay Deductions	9,609.12	800.76	739.16	369.58	184.79	37.98	5.28	32.03%
Net Pay	20,390.88	1,699.24	1,568.53	784.26	392.13	80.60	11.20	67.97%
Employers NIC Contribution	2,770.49	230.87	213.11	106.56	53.28	10.95	1.52	9.23%
Salary Package [Cost of Employee]	33,670.49	2,805.87	2,590.04	1,295.02	647.51	133.08	18.50	112.23%

¹ Percentage expressed in relation to Gross Income [£ 28,500.00].

2023 Salary Example for £ 30,000.00 (Suggested by iCalculator)

£ 30,000.00 Salary Example 2023/24 Tax Year (Suggested by iCalculator)

	Yearly	Monthly	4 Weekly	2 Weekly	Weekly	Daily	Hourly	%1
Gross Income	30,000.00	2,500.00	2,307.69	1,153.85	576.92	118.58	16.48	100.00%
Adjusted Gross Income2	28,500.00	2,375.00	2,192.31	1,096.15	548.08	112.65	15.66	95.00%
Company Pension: Employee	1,500.00	125.00	115.38	57.69	28.85	5.93	0.82	5.00%
Company Pension: Employer	900.00	75.00	69.23	34.62	17.31	3.56	0.49	3.00%
Taxable Pay	28,500.00	2,375.00	2,192.31	1,096.15	548.08	112.65	15.66	95.00%
Tax Due [PAYE]	7,400.00	616.67	569.23	284.62	142.31	29.25	4.07	24.67%
National Insurance	2,409.12	200.76	185.32	92.66	46.33	9.52	1.32	8.03%
Total Pay Deductions	11,309.12	942.43	869.93	434.97	217.48	44.70	6.21	37.70%
Net Pay	18,690.88	1,557.57	1,437.76	718.88	359.44	73.88	10.27	62.30%
Employers NIC Contribution	2,770.49	230.87	213.11	106.56	53.28	10.95	1.52	9.23%
Salary Package [Cost of Employee]	33,670.49	2,805.87	2,590.04	1,295.02	647.51	133.08	18.50	112.23%

¹ Percentage expressed in relation to Gross Income [£ 28,500.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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