Boris Johnson Tax Calculator - £31,000.00 Salary Example (£31K 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 £31,000.00 Salary (£31K Salary). The illustration also includes an overview of a current 2019 salary example for £31,000.00 and an salary example for £31,000.00 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
£31,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay23536.8823536.8826926.88
Difference n/a03390
Take Home75.93%75.93%86.86%

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: £31,000.00
  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 £31,000.00 (Current)

£31,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income31,000.002,583.332,384.621,192.31596.15122.5317.03100.00%
Adjusted Gross Income229,450.002,454.172,265.381,132.69566.35116.4016.1895.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8740.32%
Company Pension: Employee1,550.00129.17119.2359.6229.816.130.855.00%
Company Pension: Employer930.0077.5071.5435.7717.883.680.513.00%
Taxable Pay16,950.001,412.501,303.85651.92325.9667.009.3154.68%
Tax Due [PAYE]3,390.00282.50260.77130.3865.1913.401.8610.94%
National Insurance2,523.12210.26194.0997.0448.529.971.398.14%
Total Pay Deductions7,463.12621.93574.09287.04143.5229.504.1024.07%
Net Pay23,536.881,961.411,810.53905.26452.6393.0312.9375.93%

Employers NIC Contribution2,901.59241.80223.20111.6055.8011.471.599.36%
Salary Package [Cost of Employee]34,831.592,902.632,679.351,339.68669.84137.6719.14112.36%

1 Percentage expressed in relation to Gross Income [£29,450.00].

2019 Salary Example for £31,000.00 (Planned by Boris Johnson)

£31,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income31,000.002,583.332,384.621,192.31596.15122.5317.03100.00%
Adjusted Gross Income229,450.002,454.172,265.381,132.69566.35116.4016.1895.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8740.32%
Company Pension: Employee1,550.00129.17119.2359.6229.816.130.855.00%
Company Pension: Employer930.0077.5071.5435.7717.883.680.513.00%
Taxable Pay16,950.001,412.501,303.85651.92325.9667.009.3154.68%
Tax Due [PAYE]3,390.00282.50260.77130.3865.1913.401.8610.94%
National Insurance2,523.12210.26194.0997.0448.529.971.398.14%
Total Pay Deductions7,463.12621.93574.09287.04143.5229.504.1024.07%
Net Pay23,536.881,961.411,810.53905.26452.6393.0312.9375.93%

Employers NIC Contribution2,901.59241.80223.20111.6055.8011.471.599.36%
Salary Package [Cost of Employee]34,831.592,902.632,679.351,339.68669.84137.6719.14112.36%

1 Percentage expressed in relation to Gross Income [£29,450.00].

2019 Salary Example for £31,000.00 (Suggested by iCalculator)

£31,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income31,000.002,583.332,384.621,192.31596.15122.5317.03100.00%
Adjusted Gross Income229,450.002,454.172,265.381,132.69566.35116.4016.1895.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4896.77%
Company Pension: Employee1,550.00129.17119.2359.6229.816.130.855.00%
Company Pension: Employer930.0077.5071.5435.7717.883.680.513.00%
National Insurance2,523.12210.26194.0997.0448.529.971.398.14%
Total Pay Deductions4,073.12339.43313.32156.6678.3316.102.2413.14%
Net Pay26,926.882,243.912,071.301,035.65517.82106.4314.7986.86%

Employers NIC Contribution2,901.59241.80223.20111.6055.8011.471.599.36%
Salary Package [Cost of Employee]34,831.592,902.632,679.351,339.68669.84137.6719.14112.36%

1 Percentage expressed in relation to Gross Income [£29,450.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

Join the Discussion on Facebook, share your thoughts and feelings on Boris' plan.