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Boris Johnson Tax Calculator - £ 93,000.00 Salary Example (£93K 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 £ 93,000.00 Salary (£93K Salary). The illustration also includes an overview of a current 2023 salary example for £ 93,000.00 and an salary example for £ 93,000.00 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 | 54776.44 | 61115.48 | 51615.48 |
| Difference | n/a | 6339.04 | -3160.96 |
| Take Home | 58.90% | 65.72% | 55.50% |
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: £ 93,000.00
- 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 £ 93,000.00 (Current)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 93,000.00 | 7,750.00 | 7,153.85 | 3,576.92 | 1,788.46 | 367.59 | 51.10 | 100.00% |
| Adjusted Gross Income2 | 88,350.00 | 7,362.50 | 6,796.15 | 3,398.08 | 1,699.04 | 349.21 | 48.54 | 95.00% |
| Company Pension: Employee | 4,650.00 | 387.50 | 357.69 | 178.85 | 89.42 | 18.38 | 2.55 | 5.00% |
| Company Pension: Employer | 2,790.00 | 232.50 | 214.62 | 107.31 | 53.65 | 11.03 | 1.53 | 3.00% |
| Taxable Pay | 88,350.00 | 7,362.50 | 6,796.15 | 3,398.08 | 1,699.04 | 349.21 | 48.54 | 95.00% |
| Tax Due [PAYE] | 27,840.00 | 2,320.00 | 2,141.54 | 1,070.77 | 535.38 | 110.04 | 15.30 | 29.94% |
| National Insurance | 5,733.56 | 477.80 | 441.04 | 220.52 | 110.26 | 22.66 | 3.15 | 6.17% |
| Total Pay Deductions | 38,223.56 | 3,185.30 | 2,940.27 | 1,470.14 | 735.07 | 151.08 | 21.00 | 41.10% |
| Net Pay | 54,776.44 | 4,564.70 | 4,213.57 | 2,106.79 | 1,053.39 | 216.51 | 30.10 | 58.90% |
| Employers NIC Contribution | 11,001.08 | 916.76 | 846.24 | 423.12 | 211.56 | 43.48 | 6.04 | 11.83% |
| Salary Package [Cost of Employee] | 106,791.08 | 8,899.26 | 8,214.70 | 4,107.35 | 2,053.67 | 422.10 | 58.68 | 114.83% |
1 Percentage expressed in relation to Gross Income [£ 88,350.00].
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2023 Salary Example for £ 93,000.00 (Planned by Boris Johnson)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 93,000.00 | 7,750.00 | 7,153.85 | 3,576.92 | 1,788.46 | 367.59 | 51.10 | 100.00% |
| Adjusted Gross Income2 | 88,350.00 | 7,362.50 | 6,796.15 | 3,398.08 | 1,699.04 | 349.21 | 48.54 | 95.00% |
| Company Pension: Employee | 4,650.00 | 387.50 | 357.69 | 178.85 | 89.42 | 18.38 | 2.55 | 5.00% |
| Company Pension: Employer | 2,790.00 | 232.50 | 214.62 | 107.31 | 53.65 | 11.03 | 1.53 | 3.00% |
| Taxable Pay | 88,350.00 | 7,362.50 | 6,796.15 | 3,398.08 | 1,699.04 | 349.21 | 48.54 | 95.00% |
| Tax Due [PAYE] | 21,840.00 | 1,820.00 | 1,680.00 | 840.00 | 420.00 | 86.32 | 12.00 | 23.48% |
| National Insurance | 5,394.52 | 449.54 | 414.96 | 207.48 | 103.74 | 21.32 | 2.96 | 5.80% |
| Total Pay Deductions | 31,884.52 | 2,657.04 | 2,452.66 | 1,226.33 | 613.16 | 126.03 | 17.52 | 34.28% |
| Net Pay | 61,115.48 | 5,092.96 | 4,701.19 | 2,350.60 | 1,175.30 | 241.56 | 33.58 | 65.72% |
| Employers NIC Contribution | 11,029.79 | 919.15 | 848.45 | 424.22 | 212.11 | 43.60 | 6.06 | 11.86% |
| Salary Package [Cost of Employee] | 106,819.79 | 8,901.65 | 8,216.91 | 4,108.45 | 2,054.23 | 422.21 | 58.69 | 114.86% |
1 Percentage expressed in relation to Gross Income [£ 88,350.00].
2023 Salary Example for £ 93,000.00 (Suggested by iCalculator)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 93,000.00 | 7,750.00 | 7,153.85 | 3,576.92 | 1,788.46 | 367.59 | 51.10 | 100.00% |
| Adjusted Gross Income2 | 88,350.00 | 7,362.50 | 6,796.15 | 3,398.08 | 1,699.04 | 349.21 | 48.54 | 95.00% |
| Company Pension: Employee | 4,650.00 | 387.50 | 357.69 | 178.85 | 89.42 | 18.38 | 2.55 | 5.00% |
| Company Pension: Employer | 2,790.00 | 232.50 | 214.62 | 107.31 | 53.65 | 11.03 | 1.53 | 3.00% |
| Taxable Pay | 88,350.00 | 7,362.50 | 6,796.15 | 3,398.08 | 1,699.04 | 349.21 | 48.54 | 95.00% |
| Tax Due [PAYE] | 31,340.00 | 2,611.67 | 2,410.77 | 1,205.38 | 602.69 | 123.87 | 17.22 | 33.70% |
| National Insurance | 5,394.52 | 449.54 | 414.96 | 207.48 | 103.74 | 21.32 | 2.96 | 5.80% |
| Total Pay Deductions | 41,384.52 | 3,448.71 | 3,183.42 | 1,591.71 | 795.86 | 163.58 | 22.74 | 44.50% |
| Net Pay | 51,615.48 | 4,301.29 | 3,970.42 | 1,985.21 | 992.61 | 204.01 | 28.36 | 55.50% |
| Employers NIC Contribution | 11,029.79 | 919.15 | 848.45 | 424.22 | 212.11 | 43.60 | 6.06 | 11.86% |
| Salary Package [Cost of Employee] | 106,819.79 | 8,901.65 | 8,216.91 | 4,108.45 | 2,054.23 | 422.21 | 58.69 | 114.86% |
1 Percentage expressed in relation to Gross Income [£ 88,350.00].
Further Reading
Boris Johnsons Plan for changes to the Higher Rate Tax Threshold
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