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Boris Johnson Tax Calculator - £ 89,000.00 Salary Example (£89K 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 £ 89,000.00 Salary (£89K Salary). The illustration also includes an overview of a current 2023 salary example for £ 89,000.00 and an salary example for £ 89,000.00 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
£ 89,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator™ £30k Personal Allowance
Net Pay52572.4458911.4849411.48
Difference n/a6339.04-3160.96
Take Home59.07%66.19%55.52%

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: £ 89,000.00
  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 £ 89,000.00 (Current)

£ 89,000.00 Salary Example 2023/24 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income89,000.007,416.676,846.153,423.081,711.54351.7848.90100.00%
Adjusted Gross Income284,550.007,045.836,503.853,251.921,625.96334.1946.4695.00%
Company Pension: Employee4,450.00370.83342.31171.1585.5817.592.455.00%
Company Pension: Employer2,670.00222.50205.38102.6951.3510.551.473.00%
Taxable Pay84,550.007,045.836,503.853,251.921,625.96334.1946.4695.00%
Tax Due [PAYE]26,320.002,193.332,024.621,012.31506.15104.0314.4629.57%
National Insurance5,657.56471.46435.20217.60108.8022.363.116.36%
Total Pay Deductions36,427.563,035.632,802.121,401.06700.53143.9820.0240.93%
Net Pay52,572.444,381.044,044.032,022.021,011.01207.8028.8959.07%

Employers NIC Contribution10,476.68873.06805.90402.95201.4741.415.7611.77%
Salary Package [Cost of Employee]102,146.688,512.227,857.443,928.721,964.36403.7456.12114.77%

1 Percentage expressed in relation to Gross Income [£ 84,550.00].

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2023 Salary Example for £ 89,000.00 (Planned by Boris Johnson)

£ 89,000.00 Salary Example 2023/24 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income89,000.007,416.676,846.153,423.081,711.54351.7848.90100.00%
Adjusted Gross Income284,550.007,045.836,503.853,251.921,625.96334.1946.4695.00%
Company Pension: Employee4,450.00370.83342.31171.1585.5817.592.455.00%
Company Pension: Employer2,670.00222.50205.38102.6951.3510.551.473.00%
Taxable Pay84,550.007,045.836,503.853,251.921,625.96334.1946.4695.00%
Tax Due [PAYE]20,320.001,693.331,563.08781.54390.7780.3211.1622.83%
National Insurance5,318.52443.21409.12204.56102.2821.022.925.98%
Total Pay Deductions30,088.522,507.382,314.501,157.25578.63118.9316.5333.81%
Net Pay58,911.484,909.294,531.652,265.831,132.91232.8532.3766.19%

Employers NIC Contribution10,505.39875.45808.11404.05202.0341.525.7711.80%
Salary Package [Cost of Employee]102,175.398,514.627,859.653,929.821,964.91403.8656.14114.80%

1 Percentage expressed in relation to Gross Income [£ 84,550.00].

2023 Salary Example for £ 89,000.00 (Suggested by iCalculator)

£ 89,000.00 Salary Example 2023/24 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income89,000.007,416.676,846.153,423.081,711.54351.7848.90100.00%
Adjusted Gross Income284,550.007,045.836,503.853,251.921,625.96334.1946.4695.00%
Company Pension: Employee4,450.00370.83342.31171.1585.5817.592.455.00%
Company Pension: Employer2,670.00222.50205.38102.6951.3510.551.473.00%
Taxable Pay84,550.007,045.836,503.853,251.921,625.96334.1946.4695.00%
Tax Due [PAYE]29,820.002,485.002,293.851,146.92573.46117.8716.3833.51%
National Insurance5,318.52443.21409.12204.56102.2821.022.925.98%
Total Pay Deductions39,588.523,299.043,045.271,522.64761.32156.4821.7544.48%
Net Pay49,411.484,117.623,800.881,900.44950.22195.3027.1555.52%

Employers NIC Contribution10,505.39875.45808.11404.05202.0341.525.7711.80%
Salary Package [Cost of Employee]102,175.398,514.627,859.653,929.821,964.91403.8656.14114.80%

1 Percentage expressed in relation to Gross Income [£ 84,550.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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