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Boris Johnson Tax Calculator - £ 96,000.00 Salary Example (£96K 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 £ 96,000.00 Salary (£96K Salary). The illustration also includes an overview of a current 2023 salary example for £ 96,000.00 and an salary example for £ 96,000.00 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 | 56429.44 | 62768.48 | 53268.48 |
| Difference | n/a | 6339.04 | -3160.96 |
| Take Home | 58.78% | 65.38% | 55.49% |
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: £ 96,000.00
- 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 £ 96,000.00 (Current)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 96,000.00 | 8,000.00 | 7,384.62 | 3,692.31 | 1,846.15 | 379.45 | 52.75 | 100.00% |
| Adjusted Gross Income2 | 91,200.00 | 7,600.00 | 7,015.38 | 3,507.69 | 1,753.85 | 360.47 | 50.11 | 95.00% |
| Company Pension: Employee | 4,800.00 | 400.00 | 369.23 | 184.62 | 92.31 | 18.97 | 2.64 | 5.00% |
| Company Pension: Employer | 2,880.00 | 240.00 | 221.54 | 110.77 | 55.38 | 11.38 | 1.58 | 3.00% |
| Taxable Pay | 91,200.00 | 7,600.00 | 7,015.38 | 3,507.69 | 1,753.85 | 360.47 | 50.11 | 95.00% |
| Tax Due [PAYE] | 28,980.00 | 2,415.00 | 2,229.23 | 1,114.62 | 557.31 | 114.55 | 15.92 | 30.19% |
| National Insurance | 5,790.56 | 482.55 | 445.43 | 222.71 | 111.36 | 22.89 | 3.18 | 6.03% |
| Total Pay Deductions | 39,570.56 | 3,297.55 | 3,043.89 | 1,521.94 | 760.97 | 156.41 | 21.74 | 41.22% |
| Net Pay | 56,429.44 | 4,702.45 | 4,340.73 | 2,170.36 | 1,085.18 | 223.04 | 31.01 | 58.78% |
| Employers NIC Contribution | 11,394.38 | 949.53 | 876.49 | 438.25 | 219.12 | 45.04 | 6.26 | 11.87% |
| Salary Package [Cost of Employee] | 110,274.38 | 9,189.53 | 8,482.64 | 4,241.32 | 2,120.66 | 435.87 | 60.59 | 114.87% |
1 Percentage expressed in relation to Gross Income [£ 91,200.00].
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2023 Salary Example for £ 96,000.00 (Planned by Boris Johnson)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 96,000.00 | 8,000.00 | 7,384.62 | 3,692.31 | 1,846.15 | 379.45 | 52.75 | 100.00% |
| Adjusted Gross Income2 | 91,200.00 | 7,600.00 | 7,015.38 | 3,507.69 | 1,753.85 | 360.47 | 50.11 | 95.00% |
| Company Pension: Employee | 4,800.00 | 400.00 | 369.23 | 184.62 | 92.31 | 18.97 | 2.64 | 5.00% |
| Company Pension: Employer | 2,880.00 | 240.00 | 221.54 | 110.77 | 55.38 | 11.38 | 1.58 | 3.00% |
| Taxable Pay | 91,200.00 | 7,600.00 | 7,015.38 | 3,507.69 | 1,753.85 | 360.47 | 50.11 | 95.00% |
| Tax Due [PAYE] | 22,980.00 | 1,915.00 | 1,767.69 | 883.85 | 441.92 | 90.83 | 12.63 | 23.94% |
| National Insurance | 5,451.52 | 454.29 | 419.35 | 209.67 | 104.84 | 21.55 | 3.00 | 5.68% |
| Total Pay Deductions | 33,231.52 | 2,769.29 | 2,556.27 | 1,278.14 | 639.07 | 131.35 | 18.26 | 34.62% |
| Net Pay | 62,768.48 | 5,230.71 | 4,828.34 | 2,414.17 | 1,207.09 | 248.10 | 34.49 | 65.38% |
| Employers NIC Contribution | 11,423.09 | 951.92 | 878.70 | 439.35 | 219.67 | 45.15 | 6.28 | 11.90% |
| Salary Package [Cost of Employee] | 110,303.09 | 9,191.92 | 8,484.85 | 4,242.43 | 2,121.21 | 435.98 | 60.61 | 114.90% |
1 Percentage expressed in relation to Gross Income [£ 91,200.00].
2023 Salary Example for £ 96,000.00 (Suggested by iCalculator)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 96,000.00 | 8,000.00 | 7,384.62 | 3,692.31 | 1,846.15 | 379.45 | 52.75 | 100.00% |
| Adjusted Gross Income2 | 91,200.00 | 7,600.00 | 7,015.38 | 3,507.69 | 1,753.85 | 360.47 | 50.11 | 95.00% |
| Company Pension: Employee | 4,800.00 | 400.00 | 369.23 | 184.62 | 92.31 | 18.97 | 2.64 | 5.00% |
| Company Pension: Employer | 2,880.00 | 240.00 | 221.54 | 110.77 | 55.38 | 11.38 | 1.58 | 3.00% |
| Taxable Pay | 91,200.00 | 7,600.00 | 7,015.38 | 3,507.69 | 1,753.85 | 360.47 | 50.11 | 95.00% |
| Tax Due [PAYE] | 32,480.00 | 2,706.67 | 2,498.46 | 1,249.23 | 624.62 | 128.38 | 17.85 | 33.83% |
| National Insurance | 5,451.52 | 454.29 | 419.35 | 209.67 | 104.84 | 21.55 | 3.00 | 5.68% |
| Total Pay Deductions | 42,731.52 | 3,560.96 | 3,287.04 | 1,643.52 | 821.76 | 168.90 | 23.48 | 44.51% |
| Net Pay | 53,268.48 | 4,439.04 | 4,097.58 | 2,048.79 | 1,024.39 | 210.55 | 29.27 | 55.49% |
| Employers NIC Contribution | 11,423.09 | 951.92 | 878.70 | 439.35 | 219.67 | 45.15 | 6.28 | 11.90% |
| Salary Package [Cost of Employee] | 110,303.09 | 9,191.92 | 8,484.85 | 4,242.43 | 2,121.21 | 435.98 | 60.61 | 114.90% |
1 Percentage expressed in relation to Gross Income [£ 91,200.00].
Further Reading
Boris Johnsons Plan for changes to the Higher Rate Tax Threshold
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