Boris Johnson Tax Calculator - £ 3,000.00 Salary Example (£3K 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 £ 3,000.00 Salary (£3K Salary). The illustration also includes an overview of a current 2023 salary example for £ 3,000.00 and an salary example for £ 3,000.00 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.

£ 3,000.00 Salary Comparison

What	Current (2019)	Boris £80k Higher Rate Threshold	iCalculator™ £30k Personal Allowance
Net Pay	2280	2280	2280
Difference	n/a	0	0
Take Home	76.00%	76.00%	76.00%

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: £ 3,000.00
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 £ 3,000.00 (Current)

£ 3,000.00 Salary Example 2023/24 Tax Year

	Yearly	Monthly	4 Weekly	2 Weekly	Weekly	Daily	Hourly	%1
Gross Income	3,000.00	250.00	230.77	115.38	57.69	11.86	1.65	100.00%
Adjusted Gross Income2	2,850.00	237.50	219.23	109.62	54.81	11.26	1.57	95.00%
Company Pension: Employee	150.00	12.50	11.54	5.77	2.88	0.59	0.08	5.00%
Company Pension: Employer	90.00	7.50	6.92	3.46	1.73	0.36	0.05	3.00%
Taxable Pay	2,850.00	237.50	219.23	109.62	54.81	11.26	1.57	95.00%
Tax Due [PAYE]	570.00	47.50	43.85	21.92	10.96	2.25	0.31	19.00%
Total Pay Deductions	720.00	60.00	55.38	27.69	13.85	2.85	0.40	24.00%
Net Pay	2,280.00	190.00	175.38	87.69	43.85	9.01	1.25	76.00%
Salary Package [Cost of Employee]	3,090.00	257.50	237.69	118.85	59.42	12.21	1.70	103.00%

¹ Percentage expressed in relation to Gross Income [£ 2,850.00].

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2023 Salary Example for £ 3,000.00 (Planned by Boris Johnson)

£ 3,000.00 Salary Example 2023/24 Tax Year (Planned by Boris Johnson)

	Yearly	Monthly	4 Weekly	2 Weekly	Weekly	Daily	Hourly	%1
Gross Income	3,000.00	250.00	230.77	115.38	57.69	11.86	1.65	100.00%
Adjusted Gross Income2	2,850.00	237.50	219.23	109.62	54.81	11.26	1.57	95.00%
Company Pension: Employee	150.00	12.50	11.54	5.77	2.88	0.59	0.08	5.00%
Company Pension: Employer	90.00	7.50	6.92	3.46	1.73	0.36	0.05	3.00%
Taxable Pay	2,850.00	237.50	219.23	109.62	54.81	11.26	1.57	95.00%
Tax Due [PAYE]	570.00	47.50	43.85	21.92	10.96	2.25	0.31	19.00%
Total Pay Deductions	720.00	60.00	55.38	27.69	13.85	2.85	0.40	24.00%
Net Pay	2,280.00	190.00	175.38	87.69	43.85	9.01	1.25	76.00%
Salary Package [Cost of Employee]	3,090.00	257.50	237.69	118.85	59.42	12.21	1.70	103.00%

¹ Percentage expressed in relation to Gross Income [£ 2,850.00].

2023 Salary Example for £ 3,000.00 (Suggested by iCalculator)

£ 3,000.00 Salary Example 2023/24 Tax Year (Suggested by iCalculator)

	Yearly	Monthly	4 Weekly	2 Weekly	Weekly	Daily	Hourly	%1
Gross Income	3,000.00	250.00	230.77	115.38	57.69	11.86	1.65	100.00%
Adjusted Gross Income2	2,850.00	237.50	219.23	109.62	54.81	11.26	1.57	95.00%
Company Pension: Employee	150.00	12.50	11.54	5.77	2.88	0.59	0.08	5.00%
Company Pension: Employer	90.00	7.50	6.92	3.46	1.73	0.36	0.05	3.00%
Taxable Pay	2,850.00	237.50	219.23	109.62	54.81	11.26	1.57	95.00%
Tax Due [PAYE]	570.00	47.50	43.85	21.92	10.96	2.25	0.31	19.00%
Total Pay Deductions	720.00	60.00	55.38	27.69	13.85	2.85	0.40	24.00%
Net Pay	2,280.00	190.00	175.38	87.69	43.85	9.01	1.25	76.00%
Salary Package [Cost of Employee]	3,090.00	257.50	237.69	118.85	59.42	12.21	1.70	103.00%

¹ Percentage expressed in relation to Gross Income [£ 2,850.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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