Menu
Boris Johnson Tax Calculator - £ 53,000.00 Salary Example (£53K 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 £ 53,000.00 Salary (£53K Salary). The illustration also includes an overview of a current 2023 salary example for £ 53,000.00 and an salary example for £ 53,000.00 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 | 32736.44 | 35645.48 | 29575.48 |
| Difference | n/a | 2909.04 | -3160.96 |
| Take Home | 61.77% | 67.26% | 55.80% |
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: £ 53,000.00
- 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 £ 53,000.00 (Current)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 53,000.00 | 4,416.67 | 4,076.92 | 2,038.46 | 1,019.23 | 209.49 | 29.12 | 100.00% |
| Adjusted Gross Income2 | 50,350.00 | 4,195.83 | 3,873.08 | 1,936.54 | 968.27 | 199.01 | 27.66 | 95.00% |
| Company Pension: Employee | 2,650.00 | 220.83 | 203.85 | 101.92 | 50.96 | 10.47 | 1.46 | 5.00% |
| Company Pension: Employer | 1,590.00 | 132.50 | 122.31 | 61.15 | 30.58 | 6.28 | 0.87 | 3.00% |
| Taxable Pay | 50,350.00 | 4,195.83 | 3,873.08 | 1,936.54 | 968.27 | 199.01 | 27.66 | 95.00% |
| Tax Due [PAYE] | 12,640.00 | 1,053.33 | 972.31 | 486.15 | 243.08 | 49.96 | 6.95 | 23.85% |
| National Insurance | 4,973.56 | 414.46 | 382.58 | 191.29 | 95.65 | 19.66 | 2.73 | 9.38% |
| Total Pay Deductions | 20,263.56 | 1,688.63 | 1,558.74 | 779.37 | 389.68 | 80.09 | 11.13 | 38.23% |
| Net Pay | 32,736.44 | 2,728.04 | 2,518.19 | 1,259.09 | 629.55 | 129.39 | 17.99 | 61.77% |
| Employers NIC Contribution | 5,757.08 | 479.76 | 442.85 | 221.43 | 110.71 | 22.76 | 3.16 | 10.86% |
| Salary Package [Cost of Employee] | 60,347.08 | 5,028.92 | 4,642.08 | 2,321.04 | 1,160.52 | 238.53 | 33.16 | 113.86% |
1 Percentage expressed in relation to Gross Income [£ 50,350.00].
Please provide a rating, it takes seconds and helps us to keep this resource free for all to use
2023 Salary Example for £ 53,000.00 (Planned by Boris Johnson)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 53,000.00 | 4,416.67 | 4,076.92 | 2,038.46 | 1,019.23 | 209.49 | 29.12 | 100.00% |
| Adjusted Gross Income2 | 50,350.00 | 4,195.83 | 3,873.08 | 1,936.54 | 968.27 | 199.01 | 27.66 | 95.00% |
| Company Pension: Employee | 2,650.00 | 220.83 | 203.85 | 101.92 | 50.96 | 10.47 | 1.46 | 5.00% |
| Company Pension: Employer | 1,590.00 | 132.50 | 122.31 | 61.15 | 30.58 | 6.28 | 0.87 | 3.00% |
| Taxable Pay | 50,350.00 | 4,195.83 | 3,873.08 | 1,936.54 | 968.27 | 199.01 | 27.66 | 95.00% |
| Tax Due [PAYE] | 10,070.00 | 839.17 | 774.62 | 387.31 | 193.65 | 39.80 | 5.53 | 19.00% |
| National Insurance | 4,634.52 | 386.21 | 356.50 | 178.25 | 89.13 | 18.32 | 2.55 | 8.74% |
| Total Pay Deductions | 17,354.52 | 1,446.21 | 1,334.96 | 667.48 | 333.74 | 68.59 | 9.54 | 32.74% |
| Net Pay | 35,645.48 | 2,970.46 | 2,741.96 | 1,370.98 | 685.49 | 140.89 | 19.59 | 67.26% |
| Employers NIC Contribution | 5,785.79 | 482.15 | 445.06 | 222.53 | 111.27 | 22.87 | 3.18 | 10.92% |
| Salary Package [Cost of Employee] | 60,375.79 | 5,031.32 | 4,644.29 | 2,322.15 | 1,161.07 | 238.64 | 33.17 | 113.92% |
1 Percentage expressed in relation to Gross Income [£ 50,350.00].
2023 Salary Example for £ 53,000.00 (Suggested by iCalculator)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 53,000.00 | 4,416.67 | 4,076.92 | 2,038.46 | 1,019.23 | 209.49 | 29.12 | 100.00% |
| Adjusted Gross Income2 | 50,350.00 | 4,195.83 | 3,873.08 | 1,936.54 | 968.27 | 199.01 | 27.66 | 95.00% |
| Company Pension: Employee | 2,650.00 | 220.83 | 203.85 | 101.92 | 50.96 | 10.47 | 1.46 | 5.00% |
| Company Pension: Employer | 1,590.00 | 132.50 | 122.31 | 61.15 | 30.58 | 6.28 | 0.87 | 3.00% |
| Taxable Pay | 50,350.00 | 4,195.83 | 3,873.08 | 1,936.54 | 968.27 | 199.01 | 27.66 | 95.00% |
| Tax Due [PAYE] | 16,140.00 | 1,345.00 | 1,241.54 | 620.77 | 310.38 | 63.79 | 8.87 | 30.45% |
| National Insurance | 4,634.52 | 386.21 | 356.50 | 178.25 | 89.13 | 18.32 | 2.55 | 8.74% |
| Total Pay Deductions | 23,424.52 | 1,952.04 | 1,801.89 | 900.94 | 450.47 | 92.59 | 12.87 | 44.20% |
| Net Pay | 29,575.48 | 2,464.62 | 2,275.04 | 1,137.52 | 568.76 | 116.90 | 16.25 | 55.80% |
| Employers NIC Contribution | 5,785.79 | 482.15 | 445.06 | 222.53 | 111.27 | 22.87 | 3.18 | 10.92% |
| Salary Package [Cost of Employee] | 60,375.79 | 5,031.32 | 4,644.29 | 2,322.15 | 1,161.07 | 238.64 | 33.17 | 113.92% |
1 Percentage expressed in relation to Gross Income [£ 50,350.00].
Further Reading
Boris Johnsons Plan for changes to the Higher Rate Tax Threshold
Join the Discussion on Facebook, share your thoughts and feelings on Boris' plan.