Boris Johnson Tax Calculator - £8,000.00 Salary Example (£8K 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 £8,000.00 Salary (£8K Salary). The illustration also includes an overview of a current 2019 salary example for £8,000.00 and an salary example for £8,000.00 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
£8,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay760076007600
Difference n/a00
Take Home95.00%95.00%95.00%

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: £8,000.00
  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 £8,000.00 (Current)

£8,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income8,000.00666.67615.38307.69153.8531.624.40100.00%
Adjusted Gross Income27,600.00633.33584.62292.31146.1530.044.1895.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.87156.25%
Company Pension: Employee400.0033.3330.7715.387.691.580.225.00%
Company Pension: Employer240.0020.0018.469.234.620.950.133.00%
Total Pay Deductions400.0033.3330.7715.387.691.580.225.00%
Net Pay7,600.00633.33584.62292.31146.1530.044.1895.00%

Salary Package [Cost of Employee]8,240.00686.67633.85316.92158.4632.574.53103.00%

1 Percentage expressed in relation to Gross Income [£7,600.00].

2019 Salary Example for £8,000.00 (Planned by Boris Johnson)

£8,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income8,000.00666.67615.38307.69153.8531.624.40100.00%
Adjusted Gross Income27,600.00633.33584.62292.31146.1530.044.1895.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.87156.25%
Company Pension: Employee400.0033.3330.7715.387.691.580.225.00%
Company Pension: Employer240.0020.0018.469.234.620.950.133.00%
Total Pay Deductions400.0033.3330.7715.387.691.580.225.00%
Net Pay7,600.00633.33584.62292.31146.1530.044.1895.00%

Salary Package [Cost of Employee]8,240.00686.67633.85316.92158.4632.574.53103.00%

1 Percentage expressed in relation to Gross Income [£7,600.00].

2019 Salary Example for £8,000.00 (Suggested by iCalculator)

£8,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income8,000.00666.67615.38307.69153.8531.624.40100.00%
Adjusted Gross Income27,600.00633.33584.62292.31146.1530.044.1895.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.48375.00%
Company Pension: Employee400.0033.3330.7715.387.691.580.225.00%
Company Pension: Employer240.0020.0018.469.234.620.950.133.00%
Total Pay Deductions400.0033.3330.7715.387.691.580.225.00%
Net Pay7,600.00633.33584.62292.31146.1530.044.1895.00%

Salary Package [Cost of Employee]8,240.00686.67633.85316.92158.4632.574.53103.00%

1 Percentage expressed in relation to Gross Income [£7,600.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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