Boris Johnson Tax Calculator - £49,000.00 Salary Example (£49K 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 £49,000.00 Salary (£49K Salary). The illustration also includes an overview of a current 2019 salary example for £49,000.00 and an salary example for £49,000.00 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
£49,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay35189.8435181.4838681.48
Difference n/a-8.36000000000063491.64
Take Home71.82%71.80%78.94%

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: £49,000.00
  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 £49,000.00 (Current)

£49,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income49,000.004,083.333,769.231,884.62942.31193.6826.92100.00%
Adjusted Gross Income246,550.003,879.173,580.771,790.38895.19183.9925.5895.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8725.51%
Company Pension: Employee2,450.00204.17188.4694.2347.129.681.355.00%
Company Pension: Employer1,470.00122.50113.0856.5428.275.810.813.00%
Taxable Pay34,050.002,837.502,619.231,309.62654.81134.5818.7169.49%
Tax Due [PAYE]6,810.00567.50523.85261.92130.9626.923.7413.90%
National Insurance4,550.16379.18350.01175.0187.5017.982.509.29%
Total Pay Deductions13,810.161,150.851,062.32531.16265.5854.597.5928.18%
Net Pay35,189.842,932.492,706.911,353.46676.73139.0919.3471.82%

Employers NIC Contribution5,232.68436.06402.51201.26100.6320.682.8810.68%
Salary Package [Cost of Employee]55,702.684,641.894,284.822,142.411,071.21220.1730.61113.68%

1 Percentage expressed in relation to Gross Income [£46,550.00].

[ No Votes ]

2019 Salary Example for £49,000.00 (Planned by Boris Johnson)

£49,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income49,000.004,083.333,769.231,884.62942.31193.6826.92100.00%
Adjusted Gross Income246,550.003,879.173,580.771,790.38895.19183.9925.5895.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8725.51%
Company Pension: Employee2,450.00204.17188.4694.2347.129.681.355.00%
Company Pension: Employer1,470.00122.50113.0856.5428.275.810.813.00%
Taxable Pay34,050.002,837.502,619.231,309.62654.81134.5818.7169.49%
Tax Due [PAYE]6,810.00567.50523.85261.92130.9626.923.7413.90%
National Insurance4,558.52379.88350.66175.3387.6618.022.509.30%
Total Pay Deductions13,818.521,151.541,062.96531.48265.7454.627.5928.20%
Net Pay35,181.482,931.792,706.271,353.13676.57139.0619.3371.80%

Employers NIC Contribution5,261.39438.45404.72202.36101.1820.802.8910.74%
Salary Package [Cost of Employee]55,731.394,644.284,287.032,143.511,071.76220.2830.62113.74%

1 Percentage expressed in relation to Gross Income [£46,550.00].

2019 Salary Example for £49,000.00 (Suggested by iCalculator)

£49,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income49,000.004,083.333,769.231,884.62942.31193.6826.92100.00%
Adjusted Gross Income246,550.003,879.173,580.771,790.38895.19183.9925.5895.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4861.22%
Company Pension: Employee2,450.00204.17188.4694.2347.129.681.355.00%
Company Pension: Employer1,470.00122.50113.0856.5428.275.810.813.00%
Taxable Pay16,550.001,379.171,273.08636.54318.2765.429.0933.78%
Tax Due [PAYE]3,310.00275.83254.62127.3163.6513.081.826.76%
National Insurance4,558.52379.88350.66175.3387.6618.022.509.30%
Total Pay Deductions10,318.52859.88793.73396.87198.4340.785.6721.06%
Net Pay38,681.483,223.462,975.501,487.75743.87152.8921.2578.94%

Employers NIC Contribution5,261.39438.45404.72202.36101.1820.802.8910.74%
Salary Package [Cost of Employee]55,731.394,644.284,287.032,143.511,071.76220.2830.62113.74%

1 Percentage expressed in relation to Gross Income [£46,550.00].

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.