Boris Johnson Tax Calculator - £48,000.00 Salary Example (£48K 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 £48,000.00 Salary (£48K Salary). The illustration also includes an overview of a current 2019 salary example for £48,000.00 and an salary example for £48,000.00 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
£48,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay34543.8434518.8838018.88
Difference n/a-24.9599999999923475.04
Take Home71.97%71.91%79.21%

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: £48,000.00
  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 £48,000.00 (Current)

£48,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income48,000.004,000.003,692.311,846.15923.08189.7226.37100.00%
Adjusted Gross Income245,600.003,800.003,507.691,753.85876.92180.2425.0595.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8726.04%
Company Pension: Employee2,400.00200.00184.6292.3146.159.491.325.00%
Company Pension: Employer1,440.00120.00110.7755.3827.695.690.793.00%
Taxable Pay33,100.002,758.332,546.151,273.08636.54130.8318.1968.96%
Tax Due [PAYE]6,620.00551.67509.23254.62127.3126.173.6413.79%
National Insurance4,436.16369.68341.24170.6285.3117.532.449.24%
Total Pay Deductions13,456.161,121.351,035.09517.54258.7753.197.3928.03%
Net Pay34,543.842,878.652,657.221,328.61664.30136.5418.9871.97%

Employers NIC Contribution5,101.58425.13392.43196.2198.1120.162.8010.63%
Salary Package [Cost of Employee]54,541.584,545.134,195.512,097.751,048.88215.5829.97113.63%

1 Percentage expressed in relation to Gross Income [£45,600.00].

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2019 Salary Example for £48,000.00 (Planned by Boris Johnson)

£48,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income48,000.004,000.003,692.311,846.15923.08189.7226.37100.00%
Adjusted Gross Income245,600.003,800.003,507.691,753.85876.92180.2425.0595.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8726.04%
Company Pension: Employee2,400.00200.00184.6292.3146.159.491.325.00%
Company Pension: Employer1,440.00120.00110.7755.3827.695.690.793.00%
Taxable Pay33,100.002,758.332,546.151,273.08636.54130.8318.1968.96%
Tax Due [PAYE]6,620.00551.67509.23254.62127.3126.173.6413.79%
National Insurance4,461.12371.76343.16171.5885.7917.632.459.29%
Total Pay Deductions13,481.121,123.431,037.01518.50259.2553.297.4128.09%
Net Pay34,518.882,876.572,655.301,327.65663.82136.4418.9771.91%

Employers NIC Contribution5,130.29427.52394.64197.3298.6620.282.8210.69%
Salary Package [Cost of Employee]54,570.294,547.524,197.712,098.861,049.43215.6929.98113.69%

1 Percentage expressed in relation to Gross Income [£45,600.00].

2019 Salary Example for £48,000.00 (Suggested by iCalculator)

£48,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income48,000.004,000.003,692.311,846.15923.08189.7226.37100.00%
Adjusted Gross Income245,600.003,800.003,507.691,753.85876.92180.2425.0595.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4862.50%
Company Pension: Employee2,400.00200.00184.6292.3146.159.491.325.00%
Company Pension: Employer1,440.00120.00110.7755.3827.695.690.793.00%
Taxable Pay15,600.001,300.001,200.00600.00300.0061.668.5732.50%
Tax Due [PAYE]3,120.00260.00240.00120.0060.0012.331.716.50%
National Insurance4,461.12371.76343.16171.5885.7917.632.459.29%
Total Pay Deductions9,981.12831.76767.78383.89191.9439.455.4820.79%
Net Pay38,018.883,168.242,924.531,462.26731.13150.2720.8979.21%

Employers NIC Contribution5,130.29427.52394.64197.3298.6620.282.8210.69%
Salary Package [Cost of Employee]54,570.294,547.524,197.712,098.861,049.43215.6929.98113.69%

1 Percentage expressed in relation to Gross Income [£45,600.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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