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Boris Johnson Tax Calculator - £ 51,000.00 Salary Example (£51K 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 £ 51,000.00 Salary (£51K Salary). The illustration also includes an overview of a current 2023 salary example for £ 51,000.00 and an salary example for £ 51,000.00 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
£ 51,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator™ £30k Personal Allowance
Net Pay31791.8434163.4828473.48
Difference n/a2371.64-3318.36
Take Home62.34%66.99%55.83%

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: £ 51,000.00
  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 £ 51,000.00 (Current)

£ 51,000.00 Salary Example 2023/24 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income51,000.004,250.003,923.081,961.54980.77201.5828.02100.00%
Adjusted Gross Income248,450.004,037.503,726.921,863.46931.73191.5026.6295.00%
Company Pension: Employee2,550.00212.50196.1598.0849.0410.081.405.00%
Company Pension: Employer1,530.00127.50117.6958.8529.426.050.843.00%
Taxable Pay48,450.004,037.503,726.921,863.46931.73191.5026.6295.00%
Tax Due [PAYE]11,880.00990.00913.85456.92228.4646.966.5323.29%
National Insurance4,778.16398.18367.55183.7891.8918.892.639.37%
Total Pay Deductions19,208.161,600.681,477.55738.78369.3975.9210.5537.66%
Net Pay31,791.842,649.322,445.531,222.76611.38125.6617.4762.34%

Employers NIC Contribution5,494.88457.91422.68211.34105.6721.723.0210.77%
Salary Package [Cost of Employee]58,024.884,835.414,463.452,231.731,115.86229.3531.88113.77%

1 Percentage expressed in relation to Gross Income [£ 48,450.00].

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2023 Salary Example for £ 51,000.00 (Planned by Boris Johnson)

£ 51,000.00 Salary Example 2023/24 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income51,000.004,250.003,923.081,961.54980.77201.5828.02100.00%
Adjusted Gross Income248,450.004,037.503,726.921,863.46931.73191.5026.6295.00%
Company Pension: Employee2,550.00212.50196.1598.0849.0410.081.405.00%
Company Pension: Employer1,530.00127.50117.6958.8529.426.050.843.00%
Taxable Pay48,450.004,037.503,726.921,863.46931.73191.5026.6295.00%
Tax Due [PAYE]9,690.00807.50745.38372.69186.3538.305.3219.00%
National Insurance4,596.52383.04353.58176.7988.3918.172.539.01%
Total Pay Deductions16,836.521,403.041,295.12647.56323.7866.559.2533.01%
Net Pay34,163.482,846.962,627.961,313.98656.99135.0318.7766.99%

Employers NIC Contribution5,523.59460.30424.89212.45106.2221.833.0310.83%
Salary Package [Cost of Employee]58,053.594,837.804,465.662,232.831,116.42229.4631.90113.83%

1 Percentage expressed in relation to Gross Income [£ 48,450.00].

2023 Salary Example for £ 51,000.00 (Suggested by iCalculator)

£ 51,000.00 Salary Example 2023/24 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income51,000.004,250.003,923.081,961.54980.77201.5828.02100.00%
Adjusted Gross Income248,450.004,037.503,726.921,863.46931.73191.5026.6295.00%
Company Pension: Employee2,550.00212.50196.1598.0849.0410.081.405.00%
Company Pension: Employer1,530.00127.50117.6958.8529.426.050.843.00%
Taxable Pay48,450.004,037.503,726.921,863.46931.73191.5026.6295.00%
Tax Due [PAYE]15,380.001,281.671,183.08591.54295.7760.798.4530.16%
National Insurance4,596.52383.04353.58176.7988.3918.172.539.01%
Total Pay Deductions22,526.521,877.211,732.81866.40433.2089.0412.3844.17%
Net Pay28,473.482,372.792,190.271,095.13547.57112.5415.6455.83%

Employers NIC Contribution5,523.59460.30424.89212.45106.2221.833.0310.83%
Salary Package [Cost of Employee]58,053.594,837.804,465.662,232.831,116.42229.4631.90113.83%

1 Percentage expressed in relation to Gross Income [£ 48,450.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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