Boris Johnson Tax Calculator - £ 33,000.00 Salary Example (£33K 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 £ 33,000.00 Salary (£33K Salary). The illustration also includes an overview of a current 2023 salary example for £ 33,000.00 and an salary example for £ 33,000.00 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.

£ 33,000.00 Salary Comparison

What	Current (2019)	Boris £80k Higher Rate Threshold	iCalculator™ £30k Personal Allowance
Net Pay	22353.84	22328.88	20058.88
Difference	n/a	-24.959999999999	-2294.96
Take Home	67.74%	67.66%	60.78%

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: £ 33,000.00
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 £ 33,000.00 (Current)

£ 33,000.00 Salary Example 2023/24 Tax Year

	Yearly	Monthly	4 Weekly	2 Weekly	Weekly	Daily	Hourly	%1
Gross Income	33,000.00	2,750.00	2,538.46	1,269.23	634.62	130.43	18.13	100.00%
Adjusted Gross Income2	31,350.00	2,612.50	2,411.54	1,205.77	602.88	123.91	17.23	95.00%
Company Pension: Employee	1,650.00	137.50	126.92	63.46	31.73	6.52	0.91	5.00%
Company Pension: Employer	990.00	82.50	76.15	38.08	19.04	3.91	0.54	3.00%
Taxable Pay	31,350.00	2,612.50	2,411.54	1,205.77	602.88	123.91	17.23	95.00%
Tax Due [PAYE]	6,270.00	522.50	482.31	241.15	120.58	24.78	3.45	19.00%
National Insurance	2,726.16	227.18	209.70	104.85	52.43	10.78	1.50	8.26%
Total Pay Deductions	10,646.16	887.18	818.94	409.47	204.73	42.08	5.85	32.26%
Net Pay	22,353.84	1,862.82	1,719.53	859.76	429.88	88.36	12.28	67.74%
Employers NIC Contribution	3,135.08	261.26	241.16	120.58	60.29	12.39	1.72	9.50%
Salary Package [Cost of Employee]	37,125.08	3,093.76	2,855.78	1,427.89	713.94	146.74	20.40	112.50%

¹ Percentage expressed in relation to Gross Income [£ 31,350.00].

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2023 Salary Example for £ 33,000.00 (Planned by Boris Johnson)

£ 33,000.00 Salary Example 2023/24 Tax Year (Planned by Boris Johnson)

	Yearly	Monthly	4 Weekly	2 Weekly	Weekly	Daily	Hourly	%1
Gross Income	33,000.00	2,750.00	2,538.46	1,269.23	634.62	130.43	18.13	100.00%
Adjusted Gross Income2	31,350.00	2,612.50	2,411.54	1,205.77	602.88	123.91	17.23	95.00%
Company Pension: Employee	1,650.00	137.50	126.92	63.46	31.73	6.52	0.91	5.00%
Company Pension: Employer	990.00	82.50	76.15	38.08	19.04	3.91	0.54	3.00%
Taxable Pay	31,350.00	2,612.50	2,411.54	1,205.77	602.88	123.91	17.23	95.00%
Tax Due [PAYE]	6,270.00	522.50	482.31	241.15	120.58	24.78	3.45	19.00%
National Insurance	2,751.12	229.26	211.62	105.81	52.91	10.87	1.51	8.34%
Total Pay Deductions	10,671.12	889.26	820.86	410.43	205.21	42.18	5.86	32.34%
Net Pay	22,328.88	1,860.74	1,717.61	858.80	429.40	88.26	12.27	67.66%
Employers NIC Contribution	3,163.79	263.65	243.37	121.68	60.84	12.51	1.74	9.59%
Salary Package [Cost of Employee]	37,153.79	3,096.15	2,857.98	1,428.99	714.50	146.85	20.41	112.59%

¹ Percentage expressed in relation to Gross Income [£ 31,350.00].

2023 Salary Example for £ 33,000.00 (Suggested by iCalculator)

£ 33,000.00 Salary Example 2023/24 Tax Year (Suggested by iCalculator)

	Yearly	Monthly	4 Weekly	2 Weekly	Weekly	Daily	Hourly	%1
Gross Income	33,000.00	2,750.00	2,538.46	1,269.23	634.62	130.43	18.13	100.00%
Adjusted Gross Income2	31,350.00	2,612.50	2,411.54	1,205.77	602.88	123.91	17.23	95.00%
Company Pension: Employee	1,650.00	137.50	126.92	63.46	31.73	6.52	0.91	5.00%
Company Pension: Employer	990.00	82.50	76.15	38.08	19.04	3.91	0.54	3.00%
Taxable Pay	31,350.00	2,612.50	2,411.54	1,205.77	602.88	123.91	17.23	95.00%
Tax Due [PAYE]	8,540.00	711.67	656.92	328.46	164.23	33.75	4.69	25.88%
National Insurance	2,751.12	229.26	211.62	105.81	52.91	10.87	1.51	8.34%
Total Pay Deductions	12,941.12	1,078.43	995.47	497.74	248.87	51.15	7.11	39.22%
Net Pay	20,058.88	1,671.57	1,542.99	771.50	385.75	79.28	11.02	60.78%
Employers NIC Contribution	3,163.79	263.65	243.37	121.68	60.84	12.51	1.74	9.59%
Salary Package [Cost of Employee]	37,153.79	3,096.15	2,857.98	1,428.99	714.50	146.85	20.41	112.59%

¹ Percentage expressed in relation to Gross Income [£ 31,350.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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