Boris Johnson Tax Calculator - £41,000.00 Salary Example (£41K 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 £41,000.00 Salary (£41K Salary). The illustration also includes an overview of a current 2019 salary example for £41,000.00 and an salary example for £41,000.00 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
£41,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay29996.8829996.8833496.88
Difference n/a03500
Take Home73.16%73.16%81.70%

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: £41,000.00
  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 £41,000.00 (Current)

£41,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income41,000.003,416.673,153.851,576.92788.46162.0622.53100.00%
Adjusted Gross Income238,950.003,245.832,996.151,498.08749.04153.9521.4095.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8730.49%
Company Pension: Employee2,050.00170.83157.6978.8539.428.101.135.00%
Company Pension: Employer1,230.00102.5094.6247.3123.654.860.683.00%
Taxable Pay26,450.002,204.172,034.621,017.31508.65104.5514.5364.51%
Tax Due [PAYE]5,290.00440.83406.92203.46101.7320.912.9112.90%
National Insurance3,663.12305.26281.78140.8970.4414.482.018.93%
Total Pay Deductions11,003.12916.93846.39423.20211.6043.496.0526.84%
Net Pay29,996.882,499.742,307.451,153.73576.86118.5616.4873.16%

Employers NIC Contribution4,212.59351.05324.05162.0281.0116.652.3110.27%
Salary Package [Cost of Employee]46,442.593,870.223,572.511,786.25893.13183.5725.52113.27%

1 Percentage expressed in relation to Gross Income [£38,950.00].

2019 Salary Example for £41,000.00 (Planned by Boris Johnson)

£41,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income41,000.003,416.673,153.851,576.92788.46162.0622.53100.00%
Adjusted Gross Income238,950.003,245.832,996.151,498.08749.04153.9521.4095.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8730.49%
Company Pension: Employee2,050.00170.83157.6978.8539.428.101.135.00%
Company Pension: Employer1,230.00102.5094.6247.3123.654.860.683.00%
Taxable Pay26,450.002,204.172,034.621,017.31508.65104.5514.5364.51%
Tax Due [PAYE]5,290.00440.83406.92203.46101.7320.912.9112.90%
National Insurance3,663.12305.26281.78140.8970.4414.482.018.93%
Total Pay Deductions11,003.12916.93846.39423.20211.6043.496.0526.84%
Net Pay29,996.882,499.742,307.451,153.73576.86118.5616.4873.16%

Employers NIC Contribution4,212.59351.05324.05162.0281.0116.652.3110.27%
Salary Package [Cost of Employee]46,442.593,870.223,572.511,786.25893.13183.5725.52113.27%

1 Percentage expressed in relation to Gross Income [£38,950.00].

2019 Salary Example for £41,000.00 (Suggested by iCalculator)

£41,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income41,000.003,416.673,153.851,576.92788.46162.0622.53100.00%
Adjusted Gross Income238,950.003,245.832,996.151,498.08749.04153.9521.4095.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4873.17%
Company Pension: Employee2,050.00170.83157.6978.8539.428.101.135.00%
Company Pension: Employer1,230.00102.5094.6247.3123.654.860.683.00%
Taxable Pay8,950.00745.83688.46344.23172.1235.384.9221.83%
Tax Due [PAYE]1,790.00149.17137.6968.8534.427.080.984.37%
National Insurance3,663.12305.26281.78140.8970.4414.482.018.93%
Total Pay Deductions7,503.12625.26577.16288.58144.2929.664.1218.30%
Net Pay33,496.882,791.412,576.681,288.34644.17132.4018.4081.70%

Employers NIC Contribution4,212.59351.05324.05162.0281.0116.652.3110.27%
Salary Package [Cost of Employee]46,442.593,870.223,572.511,786.25893.13183.5725.52113.27%

1 Percentage expressed in relation to Gross Income [£38,950.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

Join the Discussion on Facebook, share your thoughts and feelings on Boris' plan.