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Boris Johnson Tax Calculator - £ 52,000.00 Salary Example (£52K 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 £ 52,000.00 Salary (£52K Salary). The illustration also includes an overview of a current 2023 salary example for £ 52,000.00 and an salary example for £ 52,000.00 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 | 32247.84 | 34904.48 | 29024.48 |
| Difference | n/a | 2656.64 | -3223.36 |
| Take Home | 62.02% | 67.12% | 55.82% |
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: £ 52,000.00
- 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 £ 52,000.00 (Current)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 52,000.00 | 4,333.33 | 4,000.00 | 2,000.00 | 1,000.00 | 205.53 | 28.57 | 100.00% |
| Adjusted Gross Income2 | 49,400.00 | 4,116.67 | 3,800.00 | 1,900.00 | 950.00 | 195.26 | 27.14 | 95.00% |
| Company Pension: Employee | 2,600.00 | 216.67 | 200.00 | 100.00 | 50.00 | 10.28 | 1.43 | 5.00% |
| Company Pension: Employer | 1,560.00 | 130.00 | 120.00 | 60.00 | 30.00 | 6.17 | 0.86 | 3.00% |
| Taxable Pay | 49,400.00 | 4,116.67 | 3,800.00 | 1,900.00 | 950.00 | 195.26 | 27.14 | 95.00% |
| Tax Due [PAYE] | 12,260.00 | 1,021.67 | 943.08 | 471.54 | 235.77 | 48.46 | 6.74 | 23.58% |
| National Insurance | 4,892.16 | 407.68 | 376.32 | 188.16 | 94.08 | 19.34 | 2.69 | 9.41% |
| Total Pay Deductions | 19,752.16 | 1,646.01 | 1,519.40 | 759.70 | 379.85 | 78.07 | 10.85 | 37.98% |
| Net Pay | 32,247.84 | 2,687.32 | 2,480.60 | 1,240.30 | 620.15 | 127.46 | 17.72 | 62.02% |
| Employers NIC Contribution | 5,625.98 | 468.83 | 432.77 | 216.38 | 108.19 | 22.24 | 3.09 | 10.82% |
| Salary Package [Cost of Employee] | 59,185.98 | 4,932.17 | 4,552.77 | 2,276.38 | 1,138.19 | 233.94 | 32.52 | 113.82% |
1 Percentage expressed in relation to Gross Income [£ 49,400.00].
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2023 Salary Example for £ 52,000.00 (Planned by Boris Johnson)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 52,000.00 | 4,333.33 | 4,000.00 | 2,000.00 | 1,000.00 | 205.53 | 28.57 | 100.00% |
| Adjusted Gross Income2 | 49,400.00 | 4,116.67 | 3,800.00 | 1,900.00 | 950.00 | 195.26 | 27.14 | 95.00% |
| Company Pension: Employee | 2,600.00 | 216.67 | 200.00 | 100.00 | 50.00 | 10.28 | 1.43 | 5.00% |
| Company Pension: Employer | 1,560.00 | 130.00 | 120.00 | 60.00 | 30.00 | 6.17 | 0.86 | 3.00% |
| Taxable Pay | 49,400.00 | 4,116.67 | 3,800.00 | 1,900.00 | 950.00 | 195.26 | 27.14 | 95.00% |
| Tax Due [PAYE] | 9,880.00 | 823.33 | 760.00 | 380.00 | 190.00 | 39.05 | 5.43 | 19.00% |
| National Insurance | 4,615.52 | 384.63 | 355.04 | 177.52 | 88.76 | 18.24 | 2.54 | 8.88% |
| Total Pay Deductions | 17,095.52 | 1,424.63 | 1,315.04 | 657.52 | 328.76 | 67.57 | 9.39 | 32.88% |
| Net Pay | 34,904.48 | 2,908.71 | 2,684.96 | 1,342.48 | 671.24 | 137.96 | 19.18 | 67.12% |
| Employers NIC Contribution | 5,654.69 | 471.22 | 434.98 | 217.49 | 108.74 | 22.35 | 3.11 | 10.87% |
| Salary Package [Cost of Employee] | 59,214.69 | 4,934.56 | 4,554.98 | 2,277.49 | 1,138.74 | 234.05 | 32.54 | 113.87% |
1 Percentage expressed in relation to Gross Income [£ 49,400.00].
2023 Salary Example for £ 52,000.00 (Suggested by iCalculator)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 52,000.00 | 4,333.33 | 4,000.00 | 2,000.00 | 1,000.00 | 205.53 | 28.57 | 100.00% |
| Adjusted Gross Income2 | 49,400.00 | 4,116.67 | 3,800.00 | 1,900.00 | 950.00 | 195.26 | 27.14 | 95.00% |
| Company Pension: Employee | 2,600.00 | 216.67 | 200.00 | 100.00 | 50.00 | 10.28 | 1.43 | 5.00% |
| Company Pension: Employer | 1,560.00 | 130.00 | 120.00 | 60.00 | 30.00 | 6.17 | 0.86 | 3.00% |
| Taxable Pay | 49,400.00 | 4,116.67 | 3,800.00 | 1,900.00 | 950.00 | 195.26 | 27.14 | 95.00% |
| Tax Due [PAYE] | 15,760.00 | 1,313.33 | 1,212.31 | 606.15 | 303.08 | 62.29 | 8.66 | 30.31% |
| National Insurance | 4,615.52 | 384.63 | 355.04 | 177.52 | 88.76 | 18.24 | 2.54 | 8.88% |
| Total Pay Deductions | 22,975.52 | 1,914.63 | 1,767.35 | 883.67 | 441.84 | 90.81 | 12.62 | 44.18% |
| Net Pay | 29,024.48 | 2,418.71 | 2,232.65 | 1,116.33 | 558.16 | 114.72 | 15.95 | 55.82% |
| Employers NIC Contribution | 5,654.69 | 471.22 | 434.98 | 217.49 | 108.74 | 22.35 | 3.11 | 10.87% |
| Salary Package [Cost of Employee] | 59,214.69 | 4,934.56 | 4,554.98 | 2,277.49 | 1,138.74 | 234.05 | 32.54 | 113.87% |
1 Percentage expressed in relation to Gross Income [£ 49,400.00].
Further Reading
Boris Johnsons Plan for changes to the Higher Rate Tax Threshold
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