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Boris Johnson Tax Calculator - £ 44,000.00 Salary Example (£44K 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 £ 44,000.00 Salary (£44K Salary). The illustration also includes an overview of a current 2023 salary example for £ 44,000.00 and an salary example for £ 44,000.00 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.
| What | Current (2019) | Boris £80k Higher Rate Threshold | iCalculator™ £30k Personal Allowance |
|---|---|---|---|
| Net Pay | 28599.84 | 29434.88 | 25074.88 |
| Difference | n/a | 835.04 | -3524.96 |
| Take Home | 65.00% | 66.90% | 56.99% |
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:
- Annual Salary before tax: £ 44,000.00
- The individual is part of a company pension scheme
- An Employer Pension Contribution of 5% has been applied
- An Employee Pension Contribution of 3% has been applied
- A standard tax code has been used
- Salary is calculated over a full tax year
- There are no salary sacrifice options included
- There are no special National Insurance Contibutions rules /exemptions (Employer or Employee)
2023 Salary Example for £ 44,000.00 (Current)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 44,000.00 | 3,666.67 | 3,384.62 | 1,692.31 | 846.15 | 173.91 | 24.18 | 100.00% |
| Adjusted Gross Income2 | 41,800.00 | 3,483.33 | 3,215.38 | 1,607.69 | 803.85 | 165.22 | 22.97 | 95.00% |
| Company Pension: Employee | 2,200.00 | 183.33 | 169.23 | 84.62 | 42.31 | 8.70 | 1.21 | 5.00% |
| Company Pension: Employer | 1,320.00 | 110.00 | 101.54 | 50.77 | 25.38 | 5.22 | 0.73 | 3.00% |
| Taxable Pay | 41,800.00 | 3,483.33 | 3,215.38 | 1,607.69 | 803.85 | 165.22 | 22.97 | 95.00% |
| Tax Due [PAYE] | 9,220.00 | 768.33 | 709.23 | 354.62 | 177.31 | 36.44 | 5.07 | 20.95% |
| National Insurance | 3,980.16 | 331.68 | 306.17 | 153.08 | 76.54 | 15.73 | 2.19 | 9.05% |
| Total Pay Deductions | 15,400.16 | 1,283.35 | 1,184.63 | 592.31 | 296.16 | 60.87 | 8.46 | 35.00% |
| Net Pay | 28,599.84 | 2,383.32 | 2,199.99 | 1,099.99 | 550.00 | 113.04 | 15.71 | 65.00% |
| Employers NIC Contribution | 4,577.18 | 381.43 | 352.09 | 176.05 | 88.02 | 18.09 | 2.51 | 10.40% |
| Salary Package [Cost of Employee] | 49,897.18 | 4,158.10 | 3,838.24 | 1,919.12 | 959.56 | 197.22 | 27.42 | 113.40% |
1 Percentage expressed in relation to Gross Income [£ 41,800.00].
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2023 Salary Example for £ 44,000.00 (Planned by Boris Johnson)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 44,000.00 | 3,666.67 | 3,384.62 | 1,692.31 | 846.15 | 173.91 | 24.18 | 100.00% |
| Adjusted Gross Income2 | 41,800.00 | 3,483.33 | 3,215.38 | 1,607.69 | 803.85 | 165.22 | 22.97 | 95.00% |
| Company Pension: Employee | 2,200.00 | 183.33 | 169.23 | 84.62 | 42.31 | 8.70 | 1.21 | 5.00% |
| Company Pension: Employer | 1,320.00 | 110.00 | 101.54 | 50.77 | 25.38 | 5.22 | 0.73 | 3.00% |
| Taxable Pay | 41,800.00 | 3,483.33 | 3,215.38 | 1,607.69 | 803.85 | 165.22 | 22.97 | 95.00% |
| Tax Due [PAYE] | 8,360.00 | 696.67 | 643.08 | 321.54 | 160.77 | 33.04 | 4.59 | 19.00% |
| National Insurance | 4,005.12 | 333.76 | 308.09 | 154.04 | 77.02 | 15.83 | 2.20 | 9.10% |
| Total Pay Deductions | 14,565.12 | 1,213.76 | 1,120.39 | 560.20 | 280.10 | 57.57 | 8.00 | 33.10% |
| Net Pay | 29,434.88 | 2,452.91 | 2,264.22 | 1,132.11 | 566.06 | 116.34 | 16.17 | 66.90% |
| Employers NIC Contribution | 4,605.89 | 383.82 | 354.30 | 177.15 | 88.57 | 18.21 | 2.53 | 10.47% |
| Salary Package [Cost of Employee] | 49,925.89 | 4,160.49 | 3,840.45 | 1,920.23 | 960.11 | 197.34 | 27.43 | 113.47% |
1 Percentage expressed in relation to Gross Income [£ 41,800.00].
2023 Salary Example for £ 44,000.00 (Suggested by iCalculator)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 44,000.00 | 3,666.67 | 3,384.62 | 1,692.31 | 846.15 | 173.91 | 24.18 | 100.00% |
| Adjusted Gross Income2 | 41,800.00 | 3,483.33 | 3,215.38 | 1,607.69 | 803.85 | 165.22 | 22.97 | 95.00% |
| Company Pension: Employee | 2,200.00 | 183.33 | 169.23 | 84.62 | 42.31 | 8.70 | 1.21 | 5.00% |
| Company Pension: Employer | 1,320.00 | 110.00 | 101.54 | 50.77 | 25.38 | 5.22 | 0.73 | 3.00% |
| Taxable Pay | 41,800.00 | 3,483.33 | 3,215.38 | 1,607.69 | 803.85 | 165.22 | 22.97 | 95.00% |
| Tax Due [PAYE] | 12,720.00 | 1,060.00 | 978.46 | 489.23 | 244.62 | 50.28 | 6.99 | 28.91% |
| National Insurance | 4,005.12 | 333.76 | 308.09 | 154.04 | 77.02 | 15.83 | 2.20 | 9.10% |
| Total Pay Deductions | 18,925.12 | 1,577.09 | 1,455.78 | 727.89 | 363.94 | 74.80 | 10.40 | 43.01% |
| Net Pay | 25,074.88 | 2,089.57 | 1,928.84 | 964.42 | 482.21 | 99.11 | 13.78 | 56.99% |
| Employers NIC Contribution | 4,605.89 | 383.82 | 354.30 | 177.15 | 88.57 | 18.21 | 2.53 | 10.47% |
| Salary Package [Cost of Employee] | 49,925.89 | 4,160.49 | 3,840.45 | 1,920.23 | 960.11 | 197.34 | 27.43 | 113.47% |
1 Percentage expressed in relation to Gross Income [£ 41,800.00].
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.