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Boris Johnson Tax Calculator - £ 84,000.00 Salary Example (£84K 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 £ 84,000.00 Salary (£84K Salary). The illustration also includes an overview of a current 2023 salary example for £ 84,000.00 and an salary example for £ 84,000.00 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 | 49817.44 | 56156.48 | 46656.48 |
| Difference | n/a | 6339.04 | -3160.96 |
| Take Home | 59.31% | 66.85% | 55.54% |
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: £ 84,000.00
- 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 £ 84,000.00 (Current)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 84,000.00 | 7,000.00 | 6,461.54 | 3,230.77 | 1,615.38 | 332.02 | 46.15 | 100.00% |
| Adjusted Gross Income2 | 79,800.00 | 6,650.00 | 6,138.46 | 3,069.23 | 1,534.62 | 315.42 | 43.85 | 95.00% |
| Company Pension: Employee | 4,200.00 | 350.00 | 323.08 | 161.54 | 80.77 | 16.60 | 2.31 | 5.00% |
| Company Pension: Employer | 2,520.00 | 210.00 | 193.85 | 96.92 | 48.46 | 9.96 | 1.38 | 3.00% |
| Taxable Pay | 79,800.00 | 6,650.00 | 6,138.46 | 3,069.23 | 1,534.62 | 315.42 | 43.85 | 95.00% |
| Tax Due [PAYE] | 24,420.00 | 2,035.00 | 1,878.46 | 939.23 | 469.62 | 96.52 | 13.42 | 29.07% |
| National Insurance | 5,562.56 | 463.55 | 427.89 | 213.94 | 106.97 | 21.99 | 3.06 | 6.62% |
| Total Pay Deductions | 34,182.56 | 2,848.55 | 2,629.43 | 1,314.71 | 657.36 | 135.11 | 18.78 | 40.69% |
| Net Pay | 49,817.44 | 4,151.45 | 3,832.11 | 1,916.06 | 958.03 | 196.91 | 27.37 | 59.31% |
| Employers NIC Contribution | 9,821.18 | 818.43 | 755.48 | 377.74 | 188.87 | 38.82 | 5.40 | 11.69% |
| Salary Package [Cost of Employee] | 96,341.18 | 8,028.43 | 7,410.86 | 3,705.43 | 1,852.72 | 380.80 | 52.93 | 114.69% |
1 Percentage expressed in relation to Gross Income [£ 79,800.00].
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2023 Salary Example for £ 84,000.00 (Planned by Boris Johnson)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 84,000.00 | 7,000.00 | 6,461.54 | 3,230.77 | 1,615.38 | 332.02 | 46.15 | 100.00% |
| Adjusted Gross Income2 | 79,800.00 | 6,650.00 | 6,138.46 | 3,069.23 | 1,534.62 | 315.42 | 43.85 | 95.00% |
| Company Pension: Employee | 4,200.00 | 350.00 | 323.08 | 161.54 | 80.77 | 16.60 | 2.31 | 5.00% |
| Company Pension: Employer | 2,520.00 | 210.00 | 193.85 | 96.92 | 48.46 | 9.96 | 1.38 | 3.00% |
| Taxable Pay | 79,800.00 | 6,650.00 | 6,138.46 | 3,069.23 | 1,534.62 | 315.42 | 43.85 | 95.00% |
| Tax Due [PAYE] | 18,420.00 | 1,535.00 | 1,416.92 | 708.46 | 354.23 | 72.81 | 10.12 | 21.93% |
| National Insurance | 5,223.52 | 435.29 | 401.81 | 200.90 | 100.45 | 20.65 | 2.87 | 6.22% |
| Total Pay Deductions | 27,843.52 | 2,320.29 | 2,141.81 | 1,070.90 | 535.45 | 110.05 | 15.30 | 33.15% |
| Net Pay | 56,156.48 | 4,679.71 | 4,319.73 | 2,159.86 | 1,079.93 | 221.96 | 30.86 | 66.85% |
| Employers NIC Contribution | 9,849.89 | 820.82 | 757.68 | 378.84 | 189.42 | 38.93 | 5.41 | 11.73% |
| Salary Package [Cost of Employee] | 96,369.89 | 8,030.82 | 7,413.07 | 3,706.53 | 1,853.27 | 380.91 | 52.95 | 114.73% |
1 Percentage expressed in relation to Gross Income [£ 79,800.00].
2023 Salary Example for £ 84,000.00 (Suggested by iCalculator)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 84,000.00 | 7,000.00 | 6,461.54 | 3,230.77 | 1,615.38 | 332.02 | 46.15 | 100.00% |
| Adjusted Gross Income2 | 79,800.00 | 6,650.00 | 6,138.46 | 3,069.23 | 1,534.62 | 315.42 | 43.85 | 95.00% |
| Company Pension: Employee | 4,200.00 | 350.00 | 323.08 | 161.54 | 80.77 | 16.60 | 2.31 | 5.00% |
| Company Pension: Employer | 2,520.00 | 210.00 | 193.85 | 96.92 | 48.46 | 9.96 | 1.38 | 3.00% |
| Taxable Pay | 79,800.00 | 6,650.00 | 6,138.46 | 3,069.23 | 1,534.62 | 315.42 | 43.85 | 95.00% |
| Tax Due [PAYE] | 27,920.00 | 2,326.67 | 2,147.69 | 1,073.85 | 536.92 | 110.36 | 15.34 | 33.24% |
| National Insurance | 5,223.52 | 435.29 | 401.81 | 200.90 | 100.45 | 20.65 | 2.87 | 6.22% |
| Total Pay Deductions | 37,343.52 | 3,111.96 | 2,872.58 | 1,436.29 | 718.14 | 147.60 | 20.52 | 44.46% |
| Net Pay | 46,656.48 | 3,888.04 | 3,588.96 | 1,794.48 | 897.24 | 184.41 | 25.64 | 55.54% |
| Employers NIC Contribution | 9,849.89 | 820.82 | 757.68 | 378.84 | 189.42 | 38.93 | 5.41 | 11.73% |
| Salary Package [Cost of Employee] | 96,369.89 | 8,030.82 | 7,413.07 | 3,706.53 | 1,853.27 | 380.91 | 52.95 | 114.73% |
1 Percentage expressed in relation to Gross Income [£ 79,800.00].
Further Reading
Boris Johnsons Plan for changes to the Higher Rate Tax Threshold
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