Boris Johnson Tax Calculator - £53,000.00 Salary Example (£53K 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 £53,000.00 Salary (£53K Salary). The illustration also includes an overview of a current 2019 salary example for £53,000.00 and an salary example for £53,000.00 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
£53,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay37736.4438145.4841575.48
Difference n/a409.039999999993839.04
Take Home71.20%71.97%78.44%

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: £53,000.00
  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 £53,000.00 (Current)

£53,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income53,000.004,416.674,076.922,038.461,019.23209.4929.12100.00%
Adjusted Gross Income250,350.004,195.833,873.081,936.54968.27199.0127.6695.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8723.58%
Company Pension: Employee2,650.00220.83203.85101.9250.9610.471.465.00%
Company Pension: Employer1,590.00132.50122.3161.1530.586.280.873.00%
Taxable Pay37,850.003,154.172,911.541,455.77727.88149.6020.8071.42%
Tax Due [PAYE]7,640.00636.67587.69293.85146.9230.204.2014.42%
National Insurance4,973.56414.46382.58191.2995.6519.662.739.38%
Total Pay Deductions15,263.561,271.961,174.12587.06293.5360.338.3928.80%
Net Pay37,736.443,144.702,902.801,451.40725.70149.1620.7371.20%

Employers NIC Contribution5,757.08479.76442.85221.43110.7122.763.1610.86%
Salary Package [Cost of Employee]60,347.085,028.924,642.082,321.041,160.52238.5333.16113.86%

1 Percentage expressed in relation to Gross Income [£50,350.00].

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2019 Salary Example for £53,000.00 (Planned by Boris Johnson)

£53,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income53,000.004,416.674,076.922,038.461,019.23209.4929.12100.00%
Adjusted Gross Income250,350.004,195.833,873.081,936.54968.27199.0127.6695.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8723.58%
Company Pension: Employee2,650.00220.83203.85101.9250.9610.471.465.00%
Company Pension: Employer1,590.00132.50122.3161.1530.586.280.873.00%
Taxable Pay37,850.003,154.172,911.541,455.77727.88149.6020.8071.42%
Tax Due [PAYE]7,570.00630.83582.31291.15145.5829.924.1614.28%
National Insurance4,634.52386.21356.50178.2589.1318.322.558.74%
Total Pay Deductions14,854.521,237.881,142.66571.33285.6658.718.1628.03%
Net Pay38,145.483,178.792,934.271,467.13733.57150.7720.9671.97%

Employers NIC Contribution5,785.79482.15445.06222.53111.2722.873.1810.92%
Salary Package [Cost of Employee]60,375.795,031.324,644.292,322.151,161.07238.6433.17113.92%

1 Percentage expressed in relation to Gross Income [£50,350.00].

2019 Salary Example for £53,000.00 (Suggested by iCalculator)

£53,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income53,000.004,416.674,076.922,038.461,019.23209.4929.12100.00%
Adjusted Gross Income250,350.004,195.833,873.081,936.54968.27199.0127.6695.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4856.60%
Company Pension: Employee2,650.00220.83203.85101.9250.9610.471.465.00%
Company Pension: Employer1,590.00132.50122.3161.1530.586.280.873.00%
Taxable Pay20,350.001,695.831,565.38782.69391.3580.4311.1838.40%
Tax Due [PAYE]4,140.00345.00318.46159.2379.6216.362.277.81%
National Insurance4,634.52386.21356.50178.2589.1318.322.558.74%
Total Pay Deductions11,424.52952.04878.81439.40219.7045.166.2821.56%
Net Pay41,575.483,464.623,198.111,599.06799.53164.3322.8478.44%

Employers NIC Contribution5,785.79482.15445.06222.53111.2722.873.1810.92%
Salary Package [Cost of Employee]60,375.795,031.324,644.292,322.151,161.07238.6433.17113.92%

1 Percentage expressed in relation to Gross Income [£50,350.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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