Boris Johnson Tax Calculator - £38,000.00 Salary Example (£38K 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 £38,000.00 Salary (£38K Salary). The illustration also includes an overview of a current 2019 salary example for £38,000.00 and an salary example for £38,000.00 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
£38,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay28083.8428058.8831558.88
Difference n/a-24.9599999999993475.04
Take Home73.90%73.84%83.05%

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: £38,000.00
  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 £38,000.00 (Current)

£38,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income38,000.003,166.672,923.081,461.54730.77150.2020.88100.00%
Adjusted Gross Income236,100.003,008.332,776.921,388.46694.23142.6919.8495.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8732.89%
Company Pension: Employee1,900.00158.33146.1573.0836.547.511.045.00%
Company Pension: Employer1,140.0095.0087.6943.8521.924.510.633.00%
Taxable Pay23,600.001,966.671,815.38907.69453.8593.2812.9762.11%
Tax Due [PAYE]4,720.00393.33363.08181.5490.7718.662.5912.42%
National Insurance3,296.16274.68253.55126.7863.3913.031.818.67%
Total Pay Deductions9,916.16826.35762.78381.39190.7039.195.4526.10%
Net Pay28,083.842,340.322,160.301,080.15540.07111.0015.4373.90%

Employers NIC Contribution3,790.58315.88291.58145.7972.9014.982.089.98%
Salary Package [Cost of Employee]42,930.583,577.553,302.351,651.18825.59169.6923.59112.98%

1 Percentage expressed in relation to Gross Income [£36,100.00].

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2019 Salary Example for £38,000.00 (Planned by Boris Johnson)

£38,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income38,000.003,166.672,923.081,461.54730.77150.2020.88100.00%
Adjusted Gross Income236,100.003,008.332,776.921,388.46694.23142.6919.8495.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8732.89%
Company Pension: Employee1,900.00158.33146.1573.0836.547.511.045.00%
Company Pension: Employer1,140.0095.0087.6943.8521.924.510.633.00%
Taxable Pay23,600.001,966.671,815.38907.69453.8593.2812.9762.11%
Tax Due [PAYE]4,720.00393.33363.08181.5490.7718.662.5912.42%
National Insurance3,321.12276.76255.47127.7463.8713.131.828.74%
Total Pay Deductions9,941.12828.43764.70382.35191.1839.295.4626.16%
Net Pay28,058.882,338.242,158.381,079.19539.59110.9015.4273.84%

Employers NIC Contribution3,819.29318.27293.79146.9073.4515.102.1010.05%
Salary Package [Cost of Employee]42,959.293,579.943,304.561,652.28826.14169.8023.60113.05%

1 Percentage expressed in relation to Gross Income [£36,100.00].

2019 Salary Example for £38,000.00 (Suggested by iCalculator)

£38,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income38,000.003,166.672,923.081,461.54730.77150.2020.88100.00%
Adjusted Gross Income236,100.003,008.332,776.921,388.46694.23142.6919.8495.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4878.95%
Company Pension: Employee1,900.00158.33146.1573.0836.547.511.045.00%
Company Pension: Employer1,140.0095.0087.6943.8521.924.510.633.00%
Taxable Pay6,100.00508.33469.23234.62117.3124.113.3516.05%
Tax Due [PAYE]1,220.00101.6793.8546.9223.464.820.673.21%
National Insurance3,321.12276.76255.47127.7463.8713.131.828.74%
Total Pay Deductions6,441.12536.76495.47247.74123.8725.463.5416.95%
Net Pay31,558.882,629.912,427.611,213.80606.90124.7417.3483.05%

Employers NIC Contribution3,819.29318.27293.79146.9073.4515.102.1010.05%
Salary Package [Cost of Employee]42,959.293,579.943,304.561,652.28826.14169.8023.60113.05%

1 Percentage expressed in relation to Gross Income [£36,100.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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