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Boris Johnson Tax Calculator - £ 97,000.00 Salary Example (£97K 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 £ 97,000.00 Salary (£97K Salary). The illustration also includes an overview of a current 2023 salary example for £ 97,000.00 and an salary example for £ 97,000.00 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 | 56980.44 | 63319.48 | 53819.48 |
| Difference | n/a | 6339.04 | -3160.96 |
| Take Home | 58.74% | 65.28% | 55.48% |
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: £ 97,000.00
- 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 £ 97,000.00 (Current)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 97,000.00 | 8,083.33 | 7,461.54 | 3,730.77 | 1,865.38 | 383.40 | 53.30 | 100.00% |
| Adjusted Gross Income2 | 92,150.00 | 7,679.17 | 7,088.46 | 3,544.23 | 1,772.12 | 364.23 | 50.63 | 95.00% |
| Company Pension: Employee | 4,850.00 | 404.17 | 373.08 | 186.54 | 93.27 | 19.17 | 2.66 | 5.00% |
| Company Pension: Employer | 2,910.00 | 242.50 | 223.85 | 111.92 | 55.96 | 11.50 | 1.60 | 3.00% |
| Taxable Pay | 92,150.00 | 7,679.17 | 7,088.46 | 3,544.23 | 1,772.12 | 364.23 | 50.63 | 95.00% |
| Tax Due [PAYE] | 29,360.00 | 2,446.67 | 2,258.46 | 1,129.23 | 564.62 | 116.05 | 16.13 | 30.27% |
| National Insurance | 5,809.56 | 484.13 | 446.89 | 223.44 | 111.72 | 22.96 | 3.19 | 5.99% |
| Total Pay Deductions | 40,019.56 | 3,334.96 | 3,078.43 | 1,539.21 | 769.61 | 158.18 | 21.99 | 41.26% |
| Net Pay | 56,980.44 | 4,748.37 | 4,383.11 | 2,191.56 | 1,095.78 | 225.22 | 31.31 | 58.74% |
| Employers NIC Contribution | 11,525.48 | 960.46 | 886.58 | 443.29 | 221.64 | 45.56 | 6.33 | 11.88% |
| Salary Package [Cost of Employee] | 111,435.48 | 9,286.29 | 8,571.96 | 4,285.98 | 2,142.99 | 440.46 | 61.23 | 114.88% |
1 Percentage expressed in relation to Gross Income [£ 92,150.00].
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2023 Salary Example for £ 97,000.00 (Planned by Boris Johnson)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 97,000.00 | 8,083.33 | 7,461.54 | 3,730.77 | 1,865.38 | 383.40 | 53.30 | 100.00% |
| Adjusted Gross Income2 | 92,150.00 | 7,679.17 | 7,088.46 | 3,544.23 | 1,772.12 | 364.23 | 50.63 | 95.00% |
| Company Pension: Employee | 4,850.00 | 404.17 | 373.08 | 186.54 | 93.27 | 19.17 | 2.66 | 5.00% |
| Company Pension: Employer | 2,910.00 | 242.50 | 223.85 | 111.92 | 55.96 | 11.50 | 1.60 | 3.00% |
| Taxable Pay | 92,150.00 | 7,679.17 | 7,088.46 | 3,544.23 | 1,772.12 | 364.23 | 50.63 | 95.00% |
| Tax Due [PAYE] | 23,360.00 | 1,946.67 | 1,796.92 | 898.46 | 449.23 | 92.33 | 12.84 | 24.08% |
| National Insurance | 5,470.52 | 455.88 | 420.81 | 210.40 | 105.20 | 21.62 | 3.01 | 5.64% |
| Total Pay Deductions | 33,680.52 | 2,806.71 | 2,590.81 | 1,295.40 | 647.70 | 133.12 | 18.51 | 34.72% |
| Net Pay | 63,319.48 | 5,276.62 | 4,870.73 | 2,435.36 | 1,217.68 | 250.27 | 34.79 | 65.28% |
| Employers NIC Contribution | 11,554.19 | 962.85 | 888.78 | 444.39 | 222.20 | 45.67 | 6.35 | 11.91% |
| Salary Package [Cost of Employee] | 111,464.19 | 9,288.68 | 8,574.17 | 4,287.08 | 2,143.54 | 440.57 | 61.24 | 114.91% |
1 Percentage expressed in relation to Gross Income [£ 92,150.00].
2023 Salary Example for £ 97,000.00 (Suggested by iCalculator)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 97,000.00 | 8,083.33 | 7,461.54 | 3,730.77 | 1,865.38 | 383.40 | 53.30 | 100.00% |
| Adjusted Gross Income2 | 92,150.00 | 7,679.17 | 7,088.46 | 3,544.23 | 1,772.12 | 364.23 | 50.63 | 95.00% |
| Company Pension: Employee | 4,850.00 | 404.17 | 373.08 | 186.54 | 93.27 | 19.17 | 2.66 | 5.00% |
| Company Pension: Employer | 2,910.00 | 242.50 | 223.85 | 111.92 | 55.96 | 11.50 | 1.60 | 3.00% |
| Taxable Pay | 92,150.00 | 7,679.17 | 7,088.46 | 3,544.23 | 1,772.12 | 364.23 | 50.63 | 95.00% |
| Tax Due [PAYE] | 32,860.00 | 2,738.33 | 2,527.69 | 1,263.85 | 631.92 | 129.88 | 18.05 | 33.88% |
| National Insurance | 5,470.52 | 455.88 | 420.81 | 210.40 | 105.20 | 21.62 | 3.01 | 5.64% |
| Total Pay Deductions | 43,180.52 | 3,598.38 | 3,321.58 | 1,660.79 | 830.39 | 170.67 | 23.73 | 44.52% |
| Net Pay | 53,819.48 | 4,484.96 | 4,139.96 | 2,069.98 | 1,034.99 | 212.73 | 29.57 | 55.48% |
| Employers NIC Contribution | 11,554.19 | 962.85 | 888.78 | 444.39 | 222.20 | 45.67 | 6.35 | 11.91% |
| Salary Package [Cost of Employee] | 111,464.19 | 9,288.68 | 8,574.17 | 4,287.08 | 2,143.54 | 440.57 | 61.24 | 114.91% |
1 Percentage expressed in relation to Gross Income [£ 92,150.00].
Further Reading
Boris Johnsons Plan for changes to the Higher Rate Tax Threshold
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