Boris Johnson Tax Calculator - £45,000.00 Salary Example (£45K 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 £45,000.00 Salary (£45K Salary). The illustration also includes an overview of a current 2019 salary example for £45,000.00 and an salary example for £45,000.00 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
£45,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay32580.8832580.8836080.88
Difference n/a03500
Take Home72.40%72.40%80.18%

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: £45,000.00
  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 £45,000.00 (Current)

£45,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income45,000.003,750.003,461.541,730.77865.38177.8724.73100.00%
Adjusted Gross Income242,750.003,562.503,288.461,644.23822.12168.9723.4995.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8727.78%
Company Pension: Employee2,250.00187.50173.0886.5443.278.891.245.00%
Company Pension: Employer1,350.00112.50103.8551.9225.965.340.743.00%
Taxable Pay30,250.002,520.832,326.921,163.46581.73119.5716.6267.22%
Tax Due [PAYE]6,050.00504.17465.38232.69116.3523.913.3213.44%
National Insurance4,119.12343.26316.86158.4379.2116.282.269.15%
Total Pay Deductions12,419.121,034.93955.32477.66238.8349.096.8227.60%
Net Pay32,580.882,715.072,506.221,253.11626.56128.7817.9072.40%

Employers NIC Contribution4,736.99394.75364.38182.1991.1018.722.6010.53%
Salary Package [Cost of Employee]51,086.994,257.253,929.771,964.88982.44201.9228.07113.53%

1 Percentage expressed in relation to Gross Income [£42,750.00].

2019 Salary Example for £45,000.00 (Planned by Boris Johnson)

£45,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income45,000.003,750.003,461.541,730.77865.38177.8724.73100.00%
Adjusted Gross Income242,750.003,562.503,288.461,644.23822.12168.9723.4995.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8727.78%
Company Pension: Employee2,250.00187.50173.0886.5443.278.891.245.00%
Company Pension: Employer1,350.00112.50103.8551.9225.965.340.743.00%
Taxable Pay30,250.002,520.832,326.921,163.46581.73119.5716.6267.22%
Tax Due [PAYE]6,050.00504.17465.38232.69116.3523.913.3213.44%
National Insurance4,119.12343.26316.86158.4379.2116.282.269.15%
Total Pay Deductions12,419.121,034.93955.32477.66238.8349.096.8227.60%
Net Pay32,580.882,715.072,506.221,253.11626.56128.7817.9072.40%

Employers NIC Contribution4,736.99394.75364.38182.1991.1018.722.6010.53%
Salary Package [Cost of Employee]51,086.994,257.253,929.771,964.88982.44201.9228.07113.53%

1 Percentage expressed in relation to Gross Income [£42,750.00].

2019 Salary Example for £45,000.00 (Suggested by iCalculator)

£45,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income45,000.003,750.003,461.541,730.77865.38177.8724.73100.00%
Adjusted Gross Income242,750.003,562.503,288.461,644.23822.12168.9723.4995.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4866.67%
Company Pension: Employee2,250.00187.50173.0886.5443.278.891.245.00%
Company Pension: Employer1,350.00112.50103.8551.9225.965.340.743.00%
Taxable Pay12,750.001,062.50980.77490.38245.1950.407.0128.33%
Tax Due [PAYE]2,550.00212.50196.1598.0849.0410.081.405.67%
National Insurance4,119.12343.26316.86158.4379.2116.282.269.15%
Total Pay Deductions8,919.12743.26686.09343.04171.5235.254.9019.82%
Net Pay36,080.883,006.742,775.451,387.73693.86142.6119.8280.18%

Employers NIC Contribution4,736.99394.75364.38182.1991.1018.722.6010.53%
Salary Package [Cost of Employee]51,086.994,257.253,929.771,964.88982.44201.9228.07113.53%

1 Percentage expressed in relation to Gross Income [£42,750.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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