Boris Johnson Tax Calculator - £32,000.00 Salary Example (£32K 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 £32,000.00 Salary (£32K Salary). The illustration also includes an overview of a current 2019 salary example for £32,000.00 and an salary example for £32,000.00 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
£32,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay24182.8824182.8827682.88
Difference n/a03500
Take Home75.57%75.57%86.51%

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: £32,000.00
  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 £32,000.00 (Current)

£32,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income32,000.002,666.672,461.541,230.77615.38126.4817.58100.00%
Adjusted Gross Income230,400.002,533.332,338.461,169.23584.62120.1616.7095.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8739.06%
Company Pension: Employee1,600.00133.33123.0861.5430.776.320.885.00%
Company Pension: Employer960.0080.0073.8536.9218.463.790.533.00%
Taxable Pay17,900.001,491.671,376.92688.46344.2370.759.8455.94%
Tax Due [PAYE]3,580.00298.33275.38137.6968.8514.151.9711.19%
National Insurance2,637.12219.76202.86101.4350.7110.421.458.24%
Total Pay Deductions7,817.12651.43601.32300.66150.3330.904.3024.43%
Net Pay24,182.882,015.241,860.22930.11465.0695.5813.2975.57%

Employers NIC Contribution3,032.69252.72233.28116.6458.3211.991.679.48%
Salary Package [Cost of Employee]35,992.692,999.392,768.671,384.33692.17142.2619.78112.48%

1 Percentage expressed in relation to Gross Income [£30,400.00].

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2019 Salary Example for £32,000.00 (Planned by Boris Johnson)

£32,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income32,000.002,666.672,461.541,230.77615.38126.4817.58100.00%
Adjusted Gross Income230,400.002,533.332,338.461,169.23584.62120.1616.7095.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8739.06%
Company Pension: Employee1,600.00133.33123.0861.5430.776.320.885.00%
Company Pension: Employer960.0080.0073.8536.9218.463.790.533.00%
Taxable Pay17,900.001,491.671,376.92688.46344.2370.759.8455.94%
Tax Due [PAYE]3,580.00298.33275.38137.6968.8514.151.9711.19%
National Insurance2,637.12219.76202.86101.4350.7110.421.458.24%
Total Pay Deductions7,817.12651.43601.32300.66150.3330.904.3024.43%
Net Pay24,182.882,015.241,860.22930.11465.0695.5813.2975.57%

Employers NIC Contribution3,032.69252.72233.28116.6458.3211.991.679.48%
Salary Package [Cost of Employee]35,992.692,999.392,768.671,384.33692.17142.2619.78112.48%

1 Percentage expressed in relation to Gross Income [£30,400.00].

2019 Salary Example for £32,000.00 (Suggested by iCalculator)

£32,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income32,000.002,666.672,461.541,230.77615.38126.4817.58100.00%
Adjusted Gross Income230,400.002,533.332,338.461,169.23584.62120.1616.7095.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4893.75%
Company Pension: Employee1,600.00133.33123.0861.5430.776.320.885.00%
Company Pension: Employer960.0080.0073.8536.9218.463.790.533.00%
Taxable Pay400.0033.3330.7715.387.691.580.221.25%
Tax Due [PAYE]80.006.676.153.081.540.320.040.25%
National Insurance2,637.12219.76202.86101.4350.7110.421.458.24%
Total Pay Deductions4,317.12359.76332.09166.0483.0217.062.3713.49%
Net Pay27,682.882,306.912,129.451,064.73532.36109.4215.2186.51%

Employers NIC Contribution3,032.69252.72233.28116.6458.3211.991.679.48%
Salary Package [Cost of Employee]35,992.692,999.392,768.671,384.33692.17142.2619.78112.48%

1 Percentage expressed in relation to Gross Income [£30,400.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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