Boris Johnson Tax Calculator - £35,000.00 Salary Example (£35K 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 £35,000.00 Salary (£35K Salary). The illustration also includes an overview of a current 2019 salary example for £35,000.00 and an salary example for £35,000.00 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
£35,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay26120.8826120.8829620.88
Difference n/a03500
Take Home74.63%74.63%84.63%

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: £35,000.00
  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 £35,000.00 (Current)

£35,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income35,000.002,916.672,692.311,346.15673.08138.3419.23100.00%
Adjusted Gross Income233,250.002,770.832,557.691,278.85639.42131.4218.2795.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8735.71%
Company Pension: Employee1,750.00145.83134.6267.3133.656.920.965.00%
Company Pension: Employer1,050.0087.5080.7740.3820.194.150.583.00%
Taxable Pay20,750.001,729.171,596.15798.08399.0482.0211.4059.29%
Tax Due [PAYE]4,150.00345.83319.23159.6279.8116.402.2811.86%
National Insurance2,979.12248.26229.16114.5857.2911.781.648.51%
Total Pay Deductions8,879.12739.93683.01341.50170.7535.104.8825.37%
Net Pay26,120.882,176.742,009.301,004.65502.32103.2414.3574.63%

Employers NIC Contribution3,425.99285.50263.54131.7765.8813.541.889.79%
Salary Package [Cost of Employee]39,475.993,289.673,036.611,518.31759.15156.0321.69112.79%

1 Percentage expressed in relation to Gross Income [£33,250.00].

2019 Salary Example for £35,000.00 (Planned by Boris Johnson)

£35,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income35,000.002,916.672,692.311,346.15673.08138.3419.23100.00%
Adjusted Gross Income233,250.002,770.832,557.691,278.85639.42131.4218.2795.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8735.71%
Company Pension: Employee1,750.00145.83134.6267.3133.656.920.965.00%
Company Pension: Employer1,050.0087.5080.7740.3820.194.150.583.00%
Taxable Pay20,750.001,729.171,596.15798.08399.0482.0211.4059.29%
Tax Due [PAYE]4,150.00345.83319.23159.6279.8116.402.2811.86%
National Insurance2,979.12248.26229.16114.5857.2911.781.648.51%
Total Pay Deductions8,879.12739.93683.01341.50170.7535.104.8825.37%
Net Pay26,120.882,176.742,009.301,004.65502.32103.2414.3574.63%

Employers NIC Contribution3,425.99285.50263.54131.7765.8813.541.889.79%
Salary Package [Cost of Employee]39,475.993,289.673,036.611,518.31759.15156.0321.69112.79%

1 Percentage expressed in relation to Gross Income [£33,250.00].

2019 Salary Example for £35,000.00 (Suggested by iCalculator)

£35,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income35,000.002,916.672,692.311,346.15673.08138.3419.23100.00%
Adjusted Gross Income233,250.002,770.832,557.691,278.85639.42131.4218.2795.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4885.71%
Company Pension: Employee1,750.00145.83134.6267.3133.656.920.965.00%
Company Pension: Employer1,050.0087.5080.7740.3820.194.150.583.00%
Taxable Pay3,250.00270.83250.00125.0062.5012.851.799.29%
Tax Due [PAYE]650.0054.1750.0025.0012.502.570.361.86%
National Insurance2,979.12248.26229.16114.5857.2911.781.648.51%
Total Pay Deductions5,379.12448.26413.78206.89103.4421.262.9615.37%
Net Pay29,620.882,468.412,278.531,139.26569.63117.0816.2884.63%

Employers NIC Contribution3,425.99285.50263.54131.7765.8813.541.889.79%
Salary Package [Cost of Employee]39,475.993,289.673,036.611,518.31759.15156.0321.69112.79%

1 Percentage expressed in relation to Gross Income [£33,250.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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