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Boris Johnson Tax Calculator - £ 23,000.00 Salary Example (£23K 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 £ 23,000.00 Salary (£23K Salary). The illustration also includes an overview of a current 2023 salary example for £ 23,000.00 and an salary example for £ 23,000.00 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 | 15893.84 | 15868.88 | 15498.88 |
| Difference | n/a | -24.959999999999 | -394.96 |
| Take Home | 69.10% | 69.00% | 67.39% |
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: £ 23,000.00
- 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 £ 23,000.00 (Current)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 23,000.00 | 1,916.67 | 1,769.23 | 884.62 | 442.31 | 90.91 | 12.64 | 100.00% |
| Adjusted Gross Income2 | 21,850.00 | 1,820.83 | 1,680.77 | 840.38 | 420.19 | 86.36 | 12.01 | 95.00% |
| Company Pension: Employee | 1,150.00 | 95.83 | 88.46 | 44.23 | 22.12 | 4.55 | 0.63 | 5.00% |
| Company Pension: Employer | 690.00 | 57.50 | 53.08 | 26.54 | 13.27 | 2.73 | 0.38 | 3.00% |
| Taxable Pay | 21,850.00 | 1,820.83 | 1,680.77 | 840.38 | 420.19 | 86.36 | 12.01 | 95.00% |
| Tax Due [PAYE] | 4,370.00 | 364.17 | 336.15 | 168.08 | 84.04 | 17.27 | 2.40 | 19.00% |
| National Insurance | 1,586.16 | 132.18 | 122.01 | 61.01 | 30.50 | 6.27 | 0.87 | 6.90% |
| Total Pay Deductions | 7,106.16 | 592.18 | 546.63 | 273.31 | 136.66 | 28.09 | 3.90 | 30.90% |
| Net Pay | 15,893.84 | 1,324.49 | 1,222.60 | 611.30 | 305.65 | 62.82 | 8.73 | 69.10% |
| Employers NIC Contribution | 1,824.08 | 152.01 | 140.31 | 70.16 | 35.08 | 7.21 | 1.00 | 7.93% |
| Salary Package [Cost of Employee] | 25,514.08 | 2,126.17 | 1,962.62 | 981.31 | 490.66 | 100.85 | 14.02 | 110.93% |
1 Percentage expressed in relation to Gross Income [£ 21,850.00].
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2023 Salary Example for £ 23,000.00 (Planned by Boris Johnson)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 23,000.00 | 1,916.67 | 1,769.23 | 884.62 | 442.31 | 90.91 | 12.64 | 100.00% |
| Adjusted Gross Income2 | 21,850.00 | 1,820.83 | 1,680.77 | 840.38 | 420.19 | 86.36 | 12.01 | 95.00% |
| Company Pension: Employee | 1,150.00 | 95.83 | 88.46 | 44.23 | 22.12 | 4.55 | 0.63 | 5.00% |
| Company Pension: Employer | 690.00 | 57.50 | 53.08 | 26.54 | 13.27 | 2.73 | 0.38 | 3.00% |
| Taxable Pay | 21,850.00 | 1,820.83 | 1,680.77 | 840.38 | 420.19 | 86.36 | 12.01 | 95.00% |
| Tax Due [PAYE] | 4,370.00 | 364.17 | 336.15 | 168.08 | 84.04 | 17.27 | 2.40 | 19.00% |
| National Insurance | 1,611.12 | 134.26 | 123.93 | 61.97 | 30.98 | 6.37 | 0.89 | 7.00% |
| Total Pay Deductions | 7,131.12 | 594.26 | 548.55 | 274.27 | 137.14 | 28.19 | 3.92 | 31.00% |
| Net Pay | 15,868.88 | 1,322.41 | 1,220.68 | 610.34 | 305.17 | 62.72 | 8.72 | 69.00% |
| Employers NIC Contribution | 1,852.79 | 154.40 | 142.52 | 71.26 | 35.63 | 7.32 | 1.02 | 8.06% |
| Salary Package [Cost of Employee] | 25,542.79 | 2,128.57 | 1,964.83 | 982.41 | 491.21 | 100.96 | 14.03 | 111.06% |
1 Percentage expressed in relation to Gross Income [£ 21,850.00].
2023 Salary Example for £ 23,000.00 (Suggested by iCalculator)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 23,000.00 | 1,916.67 | 1,769.23 | 884.62 | 442.31 | 90.91 | 12.64 | 100.00% |
| Adjusted Gross Income2 | 21,850.00 | 1,820.83 | 1,680.77 | 840.38 | 420.19 | 86.36 | 12.01 | 95.00% |
| Company Pension: Employee | 1,150.00 | 95.83 | 88.46 | 44.23 | 22.12 | 4.55 | 0.63 | 5.00% |
| Company Pension: Employer | 690.00 | 57.50 | 53.08 | 26.54 | 13.27 | 2.73 | 0.38 | 3.00% |
| Taxable Pay | 21,850.00 | 1,820.83 | 1,680.77 | 840.38 | 420.19 | 86.36 | 12.01 | 95.00% |
| Tax Due [PAYE] | 4,740.00 | 395.00 | 364.62 | 182.31 | 91.15 | 18.74 | 2.60 | 20.61% |
| National Insurance | 1,611.12 | 134.26 | 123.93 | 61.97 | 30.98 | 6.37 | 0.89 | 7.00% |
| Total Pay Deductions | 7,501.12 | 625.09 | 577.01 | 288.50 | 144.25 | 29.65 | 4.12 | 32.61% |
| Net Pay | 15,498.88 | 1,291.57 | 1,192.22 | 596.11 | 298.06 | 61.26 | 8.52 | 67.39% |
| Employers NIC Contribution | 1,852.79 | 154.40 | 142.52 | 71.26 | 35.63 | 7.32 | 1.02 | 8.06% |
| Salary Package [Cost of Employee] | 25,542.79 | 2,128.57 | 1,964.83 | 982.41 | 491.21 | 100.96 | 14.03 | 111.06% |
1 Percentage expressed in relation to Gross Income [£ 21,850.00].
Further Reading
Boris Johnsons Plan for changes to the Higher Rate Tax Threshold
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