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Boris Johnson Tax Calculator - £ 99,000.00 Salary Example (£99K 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 £ 99,000.00 Salary (£99K Salary). The illustration also includes an overview of a current 2023 salary example for £ 99,000.00 and an salary example for £ 99,000.00 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 | 58082.44 | 64421.48 | 54921.48 |
| Difference | n/a | 6339.04 | -3160.96 |
| Take Home | 58.67% | 65.07% | 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: £ 99,000.00
- 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 £ 99,000.00 (Current)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 99,000.00 | 8,250.00 | 7,615.38 | 3,807.69 | 1,903.85 | 391.30 | 54.40 | 100.00% |
| Adjusted Gross Income2 | 94,050.00 | 7,837.50 | 7,234.62 | 3,617.31 | 1,808.65 | 371.74 | 51.68 | 95.00% |
| Company Pension: Employee | 4,950.00 | 412.50 | 380.77 | 190.38 | 95.19 | 19.57 | 2.72 | 5.00% |
| Company Pension: Employer | 2,970.00 | 247.50 | 228.46 | 114.23 | 57.12 | 11.74 | 1.63 | 3.00% |
| Taxable Pay | 94,050.00 | 7,837.50 | 7,234.62 | 3,617.31 | 1,808.65 | 371.74 | 51.68 | 95.00% |
| Tax Due [PAYE] | 30,120.00 | 2,510.00 | 2,316.92 | 1,158.46 | 579.23 | 119.05 | 16.55 | 30.42% |
| National Insurance | 5,847.56 | 487.30 | 449.81 | 224.91 | 112.45 | 23.11 | 3.21 | 5.91% |
| Total Pay Deductions | 40,917.56 | 3,409.80 | 3,147.50 | 1,573.75 | 786.88 | 161.73 | 22.48 | 41.33% |
| Net Pay | 58,082.44 | 4,840.20 | 4,467.88 | 2,233.94 | 1,116.97 | 229.57 | 31.91 | 58.67% |
| Employers NIC Contribution | 11,787.68 | 982.31 | 906.74 | 453.37 | 226.69 | 46.59 | 6.48 | 11.91% |
| Salary Package [Cost of Employee] | 113,757.68 | 9,479.81 | 8,750.59 | 4,375.30 | 2,187.65 | 449.64 | 62.50 | 114.91% |
1 Percentage expressed in relation to Gross Income [£ 94,050.00].
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2023 Salary Example for £ 99,000.00 (Planned by Boris Johnson)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 99,000.00 | 8,250.00 | 7,615.38 | 3,807.69 | 1,903.85 | 391.30 | 54.40 | 100.00% |
| Adjusted Gross Income2 | 94,050.00 | 7,837.50 | 7,234.62 | 3,617.31 | 1,808.65 | 371.74 | 51.68 | 95.00% |
| Company Pension: Employee | 4,950.00 | 412.50 | 380.77 | 190.38 | 95.19 | 19.57 | 2.72 | 5.00% |
| Company Pension: Employer | 2,970.00 | 247.50 | 228.46 | 114.23 | 57.12 | 11.74 | 1.63 | 3.00% |
| Taxable Pay | 94,050.00 | 7,837.50 | 7,234.62 | 3,617.31 | 1,808.65 | 371.74 | 51.68 | 95.00% |
| Tax Due [PAYE] | 24,120.00 | 2,010.00 | 1,855.38 | 927.69 | 463.85 | 95.34 | 13.25 | 24.36% |
| National Insurance | 5,508.52 | 459.04 | 423.73 | 211.87 | 105.93 | 21.77 | 3.03 | 5.56% |
| Total Pay Deductions | 34,578.52 | 2,881.54 | 2,659.89 | 1,329.94 | 664.97 | 136.67 | 19.00 | 34.93% |
| Net Pay | 64,421.48 | 5,368.46 | 4,955.50 | 2,477.75 | 1,238.87 | 254.63 | 35.40 | 65.07% |
| Employers NIC Contribution | 11,816.39 | 984.70 | 908.95 | 454.48 | 227.24 | 46.71 | 6.49 | 11.94% |
| Salary Package [Cost of Employee] | 113,786.39 | 9,482.20 | 8,752.80 | 4,376.40 | 2,188.20 | 449.75 | 62.52 | 114.94% |
1 Percentage expressed in relation to Gross Income [£ 94,050.00].
2023 Salary Example for £ 99,000.00 (Suggested by iCalculator)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 99,000.00 | 8,250.00 | 7,615.38 | 3,807.69 | 1,903.85 | 391.30 | 54.40 | 100.00% |
| Adjusted Gross Income2 | 94,050.00 | 7,837.50 | 7,234.62 | 3,617.31 | 1,808.65 | 371.74 | 51.68 | 95.00% |
| Company Pension: Employee | 4,950.00 | 412.50 | 380.77 | 190.38 | 95.19 | 19.57 | 2.72 | 5.00% |
| Company Pension: Employer | 2,970.00 | 247.50 | 228.46 | 114.23 | 57.12 | 11.74 | 1.63 | 3.00% |
| Taxable Pay | 94,050.00 | 7,837.50 | 7,234.62 | 3,617.31 | 1,808.65 | 371.74 | 51.68 | 95.00% |
| Tax Due [PAYE] | 33,620.00 | 2,801.67 | 2,586.15 | 1,293.08 | 646.54 | 132.89 | 18.47 | 33.96% |
| National Insurance | 5,508.52 | 459.04 | 423.73 | 211.87 | 105.93 | 21.77 | 3.03 | 5.56% |
| Total Pay Deductions | 44,078.52 | 3,673.21 | 3,390.66 | 1,695.33 | 847.66 | 174.22 | 24.22 | 44.52% |
| Net Pay | 54,921.48 | 4,576.79 | 4,224.73 | 2,112.36 | 1,056.18 | 217.08 | 30.18 | 55.48% |
| Employers NIC Contribution | 11,816.39 | 984.70 | 908.95 | 454.48 | 227.24 | 46.71 | 6.49 | 11.94% |
| Salary Package [Cost of Employee] | 113,786.39 | 9,482.20 | 8,752.80 | 4,376.40 | 2,188.20 | 449.75 | 62.52 | 114.94% |
1 Percentage expressed in relation to Gross Income [£ 94,050.00].
Further Reading
Boris Johnsons Plan for changes to the Higher Rate Tax Threshold
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