Boris Johnson Tax Calculator - £ 83,000.00 Salary Example (£83K 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 £ 83,000.00 Salary (£83K Salary). The illustration also includes an overview of a current 2023 salary example for £ 83,000.00 and an salary example for £ 83,000.00 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.

£ 83,000.00 Salary Comparison

What	Current (2019)	Boris £80k Higher Rate Threshold	iCalculator™ £30k Personal Allowance
Net Pay	49266.44	55605.48	46105.48
Difference	n/a	6339.04	-3160.96
Take Home	59.36%	66.99%	55.55%

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: £ 83,000.00
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 £ 83,000.00 (Current)

£ 83,000.00 Salary Example 2023/24 Tax Year

	Yearly	Monthly	4 Weekly	2 Weekly	Weekly	Daily	Hourly	%1
Gross Income	83,000.00	6,916.67	6,384.62	3,192.31	1,596.15	328.06	45.60	100.00%
Adjusted Gross Income2	78,850.00	6,570.83	6,065.38	3,032.69	1,516.35	311.66	43.32	95.00%
Company Pension: Employee	4,150.00	345.83	319.23	159.62	79.81	16.40	2.28	5.00%
Company Pension: Employer	2,490.00	207.50	191.54	95.77	47.88	9.84	1.37	3.00%
Taxable Pay	78,850.00	6,570.83	6,065.38	3,032.69	1,516.35	311.66	43.32	95.00%
Tax Due [PAYE]	24,040.00	2,003.33	1,849.23	924.62	462.31	95.02	13.21	28.96%
National Insurance	5,543.56	461.96	426.43	213.21	106.61	21.91	3.05	6.68%
Total Pay Deductions	33,733.56	2,811.13	2,594.89	1,297.44	648.72	133.33	18.53	40.64%
Net Pay	49,266.44	4,105.54	3,789.73	1,894.86	947.43	194.73	27.07	59.36%
Employers NIC Contribution	9,690.08	807.51	745.39	372.70	186.35	38.30	5.32	11.67%
Salary Package [Cost of Employee]	95,180.08	7,931.67	7,321.54	3,660.77	1,830.39	376.21	52.30	114.67%

¹ Percentage expressed in relation to Gross Income [£ 78,850.00].

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2023 Salary Example for £ 83,000.00 (Planned by Boris Johnson)

£ 83,000.00 Salary Example 2023/24 Tax Year (Planned by Boris Johnson)

	Yearly	Monthly	4 Weekly	2 Weekly	Weekly	Daily	Hourly	%1
Gross Income	83,000.00	6,916.67	6,384.62	3,192.31	1,596.15	328.06	45.60	100.00%
Adjusted Gross Income2	78,850.00	6,570.83	6,065.38	3,032.69	1,516.35	311.66	43.32	95.00%
Company Pension: Employee	4,150.00	345.83	319.23	159.62	79.81	16.40	2.28	5.00%
Company Pension: Employer	2,490.00	207.50	191.54	95.77	47.88	9.84	1.37	3.00%
Taxable Pay	78,850.00	6,570.83	6,065.38	3,032.69	1,516.35	311.66	43.32	95.00%
Tax Due [PAYE]	18,040.00	1,503.33	1,387.69	693.85	346.92	71.30	9.91	21.73%
National Insurance	5,204.52	433.71	400.35	200.17	100.09	20.57	2.86	6.27%
Total Pay Deductions	27,394.52	2,282.88	2,107.27	1,053.64	526.82	108.28	15.05	33.01%
Net Pay	55,605.48	4,633.79	4,277.34	2,138.67	1,069.34	219.78	30.55	66.99%
Employers NIC Contribution	9,718.79	809.90	747.60	373.80	186.90	38.41	5.34	11.71%
Salary Package [Cost of Employee]	95,208.79	7,934.07	7,323.75	3,661.88	1,830.94	376.32	52.31	114.71%

¹ Percentage expressed in relation to Gross Income [£ 78,850.00].

2023 Salary Example for £ 83,000.00 (Suggested by iCalculator)

£ 83,000.00 Salary Example 2023/24 Tax Year (Suggested by iCalculator)

	Yearly	Monthly	4 Weekly	2 Weekly	Weekly	Daily	Hourly	%1
Gross Income	83,000.00	6,916.67	6,384.62	3,192.31	1,596.15	328.06	45.60	100.00%
Adjusted Gross Income2	78,850.00	6,570.83	6,065.38	3,032.69	1,516.35	311.66	43.32	95.00%
Company Pension: Employee	4,150.00	345.83	319.23	159.62	79.81	16.40	2.28	5.00%
Company Pension: Employer	2,490.00	207.50	191.54	95.77	47.88	9.84	1.37	3.00%
Taxable Pay	78,850.00	6,570.83	6,065.38	3,032.69	1,516.35	311.66	43.32	95.00%
Tax Due [PAYE]	27,540.00	2,295.00	2,118.46	1,059.23	529.62	108.85	15.13	33.18%
National Insurance	5,204.52	433.71	400.35	200.17	100.09	20.57	2.86	6.27%
Total Pay Deductions	36,894.52	3,074.54	2,838.04	1,419.02	709.51	145.83	20.27	44.45%
Net Pay	46,105.48	3,842.12	3,546.58	1,773.29	886.64	182.24	25.33	55.55%
Employers NIC Contribution	9,718.79	809.90	747.60	373.80	186.90	38.41	5.34	11.71%
Salary Package [Cost of Employee]	95,208.79	7,934.07	7,323.75	3,661.88	1,830.94	376.32	52.31	114.71%

¹ Percentage expressed in relation to Gross Income [£ 78,850.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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