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 2019 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.

Boris Johnson tax Calculator
£33,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay24853.8424828.8828328.88
Difference n/a-24.9599999999993475.04
Take Home75.31%75.24%85.85%

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)

2019 Salary Example for £33,000.00 (Current)

£33,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income33,000.002,750.002,538.461,269.23634.62130.4318.13100.00%
Adjusted Gross Income231,350.002,612.502,411.541,205.77602.88123.9117.2395.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8737.88%
Company Pension: Employee1,650.00137.50126.9263.4631.736.520.915.00%
Company Pension: Employer990.0082.5076.1538.0819.043.910.543.00%
Taxable Pay18,850.001,570.831,450.00725.00362.5074.5110.3657.12%
Tax Due [PAYE]3,770.00314.17290.00145.0072.5014.902.0711.42%
National Insurance2,726.16227.18209.70104.8552.4310.781.508.26%
Total Pay Deductions8,146.16678.85626.63313.31156.6632.204.4824.69%
Net Pay24,853.842,071.151,911.83955.92477.9698.2413.6675.31%

Employers NIC Contribution3,135.08261.26241.16120.5860.2912.391.729.50%
Salary Package [Cost of Employee]37,125.083,093.762,855.781,427.89713.94146.7420.40112.50%

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

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2019 Salary Example for £33,000.00 (Planned by Boris Johnson)

£33,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income33,000.002,750.002,538.461,269.23634.62130.4318.13100.00%
Adjusted Gross Income231,350.002,612.502,411.541,205.77602.88123.9117.2395.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8737.88%
Company Pension: Employee1,650.00137.50126.9263.4631.736.520.915.00%
Company Pension: Employer990.0082.5076.1538.0819.043.910.543.00%
Taxable Pay18,850.001,570.831,450.00725.00362.5074.5110.3657.12%
Tax Due [PAYE]3,770.00314.17290.00145.0072.5014.902.0711.42%
National Insurance2,751.12229.26211.62105.8152.9110.871.518.34%
Total Pay Deductions8,171.12680.93628.55314.27157.1432.304.4924.76%
Net Pay24,828.882,069.071,909.91954.96477.4898.1413.6475.24%

Employers NIC Contribution3,163.79263.65243.37121.6860.8412.511.749.59%
Salary Package [Cost of Employee]37,153.793,096.152,857.981,428.99714.50146.8520.41112.59%

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

2019 Salary Example for £33,000.00 (Suggested by iCalculator)

£33,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income33,000.002,750.002,538.461,269.23634.62130.4318.13100.00%
Adjusted Gross Income231,350.002,612.502,411.541,205.77602.88123.9117.2395.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4890.91%
Company Pension: Employee1,650.00137.50126.9263.4631.736.520.915.00%
Company Pension: Employer990.0082.5076.1538.0819.043.910.543.00%
Taxable Pay1,350.00112.50103.8551.9225.965.340.744.09%
Tax Due [PAYE]270.0022.5020.7710.385.191.070.150.82%
National Insurance2,751.12229.26211.62105.8152.9110.871.518.34%
Total Pay Deductions4,671.12389.26359.32179.6689.8318.462.5714.15%
Net Pay28,328.882,360.742,179.141,089.57544.79111.9715.5785.85%

Employers NIC Contribution3,163.79263.65243.37121.6860.8412.511.749.59%
Salary Package [Cost of Employee]37,153.793,096.152,857.981,428.99714.50146.8520.41112.59%

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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