Boris Johnson Tax Calculator - £46,000.00 Salary Example (£46K 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 £46,000.00 Salary (£46K Salary). The illustration also includes an overview of a current 2019 salary example for £46,000.00 and an salary example for £46,000.00 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
£46,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay33226.8833226.8836726.88
Difference n/a03500
Take Home72.23%72.23%79.84%

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: £46,000.00
  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 £46,000.00 (Current)

£46,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income46,000.003,833.333,538.461,769.23884.62181.8225.27100.00%
Adjusted Gross Income243,700.003,641.673,361.541,680.77840.38172.7324.0195.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8727.17%
Company Pension: Employee2,300.00191.67176.9288.4644.239.091.265.00%
Company Pension: Employer1,380.00115.00106.1553.0826.545.450.763.00%
Taxable Pay31,200.002,600.002,400.001,200.00600.00123.3217.1467.83%
Tax Due [PAYE]6,240.00520.00480.00240.00120.0024.663.4313.57%
National Insurance4,233.12352.76325.62162.8181.4116.732.339.20%
Total Pay Deductions12,773.121,064.43982.55491.27245.6450.497.0227.77%
Net Pay33,226.882,768.912,555.911,277.96638.98131.3318.2672.23%

Employers NIC Contribution4,868.09405.67374.47187.2393.6219.242.6710.58%
Salary Package [Cost of Employee]52,248.094,354.014,019.082,009.541,004.77206.5128.71113.58%

1 Percentage expressed in relation to Gross Income [£43,700.00].

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2019 Salary Example for £46,000.00 (Planned by Boris Johnson)

£46,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income46,000.003,833.333,538.461,769.23884.62181.8225.27100.00%
Adjusted Gross Income243,700.003,641.673,361.541,680.77840.38172.7324.0195.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8727.17%
Company Pension: Employee2,300.00191.67176.9288.4644.239.091.265.00%
Company Pension: Employer1,380.00115.00106.1553.0826.545.450.763.00%
Taxable Pay31,200.002,600.002,400.001,200.00600.00123.3217.1467.83%
Tax Due [PAYE]6,240.00520.00480.00240.00120.0024.663.4313.57%
National Insurance4,233.12352.76325.62162.8181.4116.732.339.20%
Total Pay Deductions12,773.121,064.43982.55491.27245.6450.497.0227.77%
Net Pay33,226.882,768.912,555.911,277.96638.98131.3318.2672.23%

Employers NIC Contribution4,868.09405.67374.47187.2393.6219.242.6710.58%
Salary Package [Cost of Employee]52,248.094,354.014,019.082,009.541,004.77206.5128.71113.58%

1 Percentage expressed in relation to Gross Income [£43,700.00].

2019 Salary Example for £46,000.00 (Suggested by iCalculator)

£46,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income46,000.003,833.333,538.461,769.23884.62181.8225.27100.00%
Adjusted Gross Income243,700.003,641.673,361.541,680.77840.38172.7324.0195.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4865.22%
Company Pension: Employee2,300.00191.67176.9288.4644.239.091.265.00%
Company Pension: Employer1,380.00115.00106.1553.0826.545.450.763.00%
Taxable Pay13,700.001,141.671,053.85526.92263.4654.157.5329.78%
Tax Due [PAYE]2,740.00228.33210.77105.3852.6910.831.515.96%
National Insurance4,233.12352.76325.62162.8181.4116.732.339.20%
Total Pay Deductions9,273.12772.76713.32356.66178.3336.655.1020.16%
Net Pay36,726.883,060.572,825.141,412.57706.29145.1720.1879.84%

Employers NIC Contribution4,868.09405.67374.47187.2393.6219.242.6710.58%
Salary Package [Cost of Employee]52,248.094,354.014,019.082,009.541,004.77206.5128.71113.58%

1 Percentage expressed in relation to Gross Income [£43,700.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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