Boris Johnson Tax Calculator - £37,000.00 Salary Example (£37K 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 £37,000.00 Salary (£37K Salary). The illustration also includes an overview of a current 2019 salary example for £37,000.00 and an salary example for £37,000.00 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
£37,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay27437.8427412.8830912.88
Difference n/a-24.9599999999993475.04
Take Home74.16%74.09%83.55%

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: £37,000.00
  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 £37,000.00 (Current)

£37,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income37,000.003,083.332,846.151,423.08711.54146.2520.33100.00%
Adjusted Gross Income235,150.002,929.172,703.851,351.92675.96138.9319.3195.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8733.78%
Company Pension: Employee1,850.00154.17142.3171.1535.587.311.025.00%
Company Pension: Employer1,110.0092.5085.3842.6921.354.390.613.00%
Taxable Pay22,650.001,887.501,742.31871.15435.5889.5312.4561.22%
Tax Due [PAYE]4,530.00377.50348.46174.2387.1217.912.4912.24%
National Insurance3,182.16265.18244.78122.3961.2012.581.758.60%
Total Pay Deductions9,562.16796.85735.55367.78183.8937.805.2525.84%
Net Pay27,437.842,286.492,110.601,055.30527.65108.4515.0874.16%

Employers NIC Contribution3,659.48304.96281.50140.7570.3714.462.019.89%
Salary Package [Cost of Employee]41,769.483,480.793,213.041,606.52803.26165.1022.95112.89%

1 Percentage expressed in relation to Gross Income [£35,150.00].

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2019 Salary Example for £37,000.00 (Planned by Boris Johnson)

£37,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income37,000.003,083.332,846.151,423.08711.54146.2520.33100.00%
Adjusted Gross Income235,150.002,929.172,703.851,351.92675.96138.9319.3195.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8733.78%
Company Pension: Employee1,850.00154.17142.3171.1535.587.311.025.00%
Company Pension: Employer1,110.0092.5085.3842.6921.354.390.613.00%
Taxable Pay22,650.001,887.501,742.31871.15435.5889.5312.4561.22%
Tax Due [PAYE]4,530.00377.50348.46174.2387.1217.912.4912.24%
National Insurance3,207.12267.26246.70123.3561.6812.681.768.67%
Total Pay Deductions9,587.12798.93737.47368.74184.3737.895.2725.91%
Net Pay27,412.882,284.412,108.681,054.34527.17108.3515.0674.09%

Employers NIC Contribution3,688.19307.35283.71141.8570.9314.582.039.97%
Salary Package [Cost of Employee]41,798.193,483.183,215.251,607.62803.81165.2122.97112.97%

1 Percentage expressed in relation to Gross Income [£35,150.00].

2019 Salary Example for £37,000.00 (Suggested by iCalculator)

£37,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income37,000.003,083.332,846.151,423.08711.54146.2520.33100.00%
Adjusted Gross Income235,150.002,929.172,703.851,351.92675.96138.9319.3195.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4881.08%
Company Pension: Employee1,850.00154.17142.3171.1535.587.311.025.00%
Company Pension: Employer1,110.0092.5085.3842.6921.354.390.613.00%
Taxable Pay5,150.00429.17396.15198.0899.0420.362.8313.92%
Tax Due [PAYE]1,030.0085.8379.2339.6219.814.070.572.78%
National Insurance3,207.12267.26246.70123.3561.6812.681.768.67%
Total Pay Deductions6,087.12507.26468.24234.12117.0624.063.3416.45%
Net Pay30,912.882,576.072,377.911,188.96594.48122.1916.9983.55%

Employers NIC Contribution3,688.19307.35283.71141.8570.9314.582.039.97%
Salary Package [Cost of Employee]41,798.193,483.183,215.251,607.62803.81165.2122.97112.97%

1 Percentage expressed in relation to Gross Income [£35,150.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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