Boris Johnson Tax Calculator - £27,000.00 Salary Example (£27K 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 £27,000.00 Salary (£27K Salary). The illustration also includes an overview of a current 2019 salary example for £27,000.00 and an salary example for £27,000.00 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.

Boris Johnson tax Calculator
£27,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay20952.8820952.8823582.88
Difference n/a02630
Take Home77.60%77.60%87.34%

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: £27,000.00
  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)

2019 Salary Example for £27,000.00 (Current)

£27,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income27,000.002,250.002,076.921,038.46519.23106.7214.84100.00%
Adjusted Gross Income225,650.002,137.501,973.08986.54493.27101.3814.0995.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8746.30%
Company Pension: Employee1,350.00112.50103.8551.9225.965.340.745.00%
Company Pension: Employer810.0067.5062.3131.1515.583.200.453.00%
Taxable Pay13,150.001,095.831,011.54505.77252.8851.987.2348.70%
Tax Due [PAYE]2,630.00219.17202.31101.1550.5810.401.459.74%
National Insurance2,067.12172.26159.0179.5039.758.171.147.66%
Total Pay Deductions6,047.12503.93465.16232.58116.2923.903.3222.40%
Net Pay20,952.881,746.071,611.76805.88402.9482.8211.5177.60%

Employers NIC Contribution2,377.19198.10182.8691.4345.729.401.318.80%
Salary Package [Cost of Employee]30,187.192,515.602,322.091,161.05580.52119.3216.59111.80%

1 Percentage expressed in relation to Gross Income [£25,650.00].

2019 Salary Example for £27,000.00 (Planned by Boris Johnson)

£27,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income27,000.002,250.002,076.921,038.46519.23106.7214.84100.00%
Adjusted Gross Income225,650.002,137.501,973.08986.54493.27101.3814.0995.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8746.30%
Company Pension: Employee1,350.00112.50103.8551.9225.965.340.745.00%
Company Pension: Employer810.0067.5062.3131.1515.583.200.453.00%
Taxable Pay13,150.001,095.831,011.54505.77252.8851.987.2348.70%
Tax Due [PAYE]2,630.00219.17202.31101.1550.5810.401.459.74%
National Insurance2,067.12172.26159.0179.5039.758.171.147.66%
Total Pay Deductions6,047.12503.93465.16232.58116.2923.903.3222.40%
Net Pay20,952.881,746.071,611.76805.88402.9482.8211.5177.60%

Employers NIC Contribution2,377.19198.10182.8691.4345.729.401.318.80%
Salary Package [Cost of Employee]30,187.192,515.602,322.091,161.05580.52119.3216.59111.80%

1 Percentage expressed in relation to Gross Income [£25,650.00].

2019 Salary Example for £27,000.00 (Suggested by iCalculator)

£27,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income27,000.002,250.002,076.921,038.46519.23106.7214.84100.00%
Adjusted Gross Income225,650.002,137.501,973.08986.54493.27101.3814.0995.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.48111.11%
Company Pension: Employee1,350.00112.50103.8551.9225.965.340.745.00%
Company Pension: Employer810.0067.5062.3131.1515.583.200.453.00%
National Insurance2,067.12172.26159.0179.5039.758.171.147.66%
Total Pay Deductions3,417.12284.76262.86131.4365.7113.511.8812.66%
Net Pay23,582.881,965.241,814.07907.03453.5293.2112.9687.34%

Employers NIC Contribution2,377.19198.10182.8691.4345.729.401.318.80%
Salary Package [Cost of Employee]30,187.192,515.602,322.091,161.05580.52119.3216.59111.80%

1 Percentage expressed in relation to Gross Income [£25,650.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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